Daily Forex Commentary

11 July 2014 - Canadian Employment Data Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Employment Change was a big miss at -9.4K and the Unemployment Rate moved higher to 7.1% from 7.0% and we have seen a selloff in the CAD. USD... read more

10 July 2014 - USDCAD Still Trading on a Tight Range

By Calvin Kuk
US Dollar vs Canadian Dollar: The rising concerns about Global Q2 Growth will limit the Loonie to its current range today and runs the risk of challenging the 1.0700 level. The opt... read more

09 July 2014 - FOMC Meeting at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The main event today is the release of the latest FOMC minutes and the potential for a slightly more hawkish tone to be highlighted by the hawkish boa... read more

08 July 2014 - Hawk + Dove Fed Members Speak

By Calvin Kuk
US Dollar vs Canadian Dollar: Yesterday’s weaker than expected Ivey PMI and Bank of Canada Outlook Survey had the Loonie under pressure throughout the day yet we remain at th... read more

07 July 2014 - Positive Canadian Building Permits

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Building permits m/m jumped huge, with this release expectation was 3.1% and the headline number was 13.8%, needless to say future constructi... read more

04 July 2014 - Quiet Day with US on Holiday

By Calvin Kuk
US Dollar vs Canadian Dollar: US markets are closed for 4th of July and the celebrations of independence can hardly be heard from the high fiving and cheering by traders on Wall St... read more

03 July 2014 - Positive US Data this Morning

By Calvin Kuk
US Dollar vs Canadian Dollar: Great morning for the US! US Non-Farm Employment Change printed at 288K, above the expected 214K and pushed the Unemployment Rate lower to 6.1% from t... read more

02 July 2014 - Chair Yellen Speaks at 11:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: ADP Non-Farm Employment Change was out at 8:15 am this morning and the expectation was 207K and the release number was 281K, which is not a large effe... read more

30 June 2014 - GDP Short of Expecations

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie has weakened off from Friday’s high and currently trading at 1.0692. GDP figures released short of expectations and CAD lost around 2... read more

27 June 2014 - Loonie Touched New High Overnight

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie touched a new high during the Asian trading session which highlights a 5% recovery since touching 1.1275 in March. Yesterday’s drive ... read more

26 June 2014 - CAD is on the Run

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD has taken it’s first run at 1.0708 this morning and was rejected as we now hover at 1.0716. Neart term USD weakness may allow for this le... read more

25 June 2014 - USD/CAD Expected Range 1.4575 - 1.4670

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD continues to hover between 1.0730 and 1.0750 ever so close to support at 1.0708 which represents the 50% Fibo retracement of the June 2013 to M... read more

24 June 2014 - Loonie in a Narrow 20 point Range

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie remained in a narrow 20 point range overnight as we continue to hold onto gains from Friday. I believe a portion of the spike in oil has no... read more

23 June 2014 - CAD Rallied to a Fresh 5 Month High

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie held onto gains following Friday’s CPI to close the week below the 200 Day Moving Average which we have not observed since January 20... read more

20 June 2014 - CPI + Retail Sales Boost CAD

By Calvin Kuk
US Dollar vs Canadian Dollar: May Canadian CPI and Retail are the main event for the day and both core numbers were stellar. CPI jumped from 0.2 to 0.5 when the economists predicte... read more

19 June 2014 - FOMC Failed to Deliver Hawkish Slant

By Calvin Kuk
US Dollar vs Canadian Dollar: The Wholesale Trade data for Canada yesterday morning along with a positive EDC Trade Confidence Index (a 4 year high) and an accommodative Fed moved ... read more

18 June 2014 - FOMC Meeting at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD hovered in a very lethargic 14 basis point range overnight. April’s Wholesale Sales were much strong than anticipated moving from -0.3% t... read more

17 June 2014 - USDCAD 1.0845 - 1.0895 Range

By Calvin Kuk
US Dollar vs Canadian Dollar: CAD is soft today, retracing from some of yesterday’s strength. The CAD’s correlations with fundamentals have broken down suggesting the L... read more

16 June 2014 - Risk Averision is Key Theme

By Calvin Kuk
US Dollar vs Canadian Dollar: The week has begun with risk aversion being the key theme as ongoing tensions in Russia/Ukraine and Iraq pointing towards civil war. The US will gain ... read more

13 June 2014 - he threat of Oil supply disruption with developments in Iraq continue to keep upward pressure on oil

By Frederick Cheng
he threat of Oil supply disruption with developments in Iraq continue to keep upward pressure on oil read more

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