Daily Forex Commentary

22 May 2015 - Canadian CPI Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: The greenback remains soft after yesterday’s FOMC minutes. It is clear that the FED is not ready to raise rates until the end of 2015 if at al... read more

21 May 2015 - FED Not Ready to Raise Rates

By Calvin Kuk
US Dollar vs Canadian Dollar: The greenback remains soft after yesterday’s FOMC minutes. It is clear that the FED is not ready to raise rates until the end of 2015 if at al... read more

20 May 2015 - FED Minutes at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian wholesale sales month-over-month were released at 8:30am and were flat: A non-event and had little to no effect on the USDCAD currency pair... read more

19 May 2015 - Poloz Speaks at 11:45 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: In North America this morning we had US Building Permits and Housing Starts both out at 8:30am and both above expectations with USD positive. In Ca... read more

15 May 2015 - USD Recovers

By Calvin Kuk
US Dollar vs Canadian Dollar: In the North American session we have Canadian manufacturing shipments and U.S. industrial production both with medium market impact and reaction. T... read more

14 May 2015 - Positive US Unemployment Claims

By Calvin Kuk
US Dollar vs Canadian Dollar: The US dollar bulls are not so bullish and are backing off again today. This is after yesterday US retails sales data showed that U.S. consumers we... read more

13 May 2015 - USDCAD Testing Yearly Lows

By Calvin Kuk
US Dollar vs Canadian Dollar: US Core Retail Sales dropped from 0.7% to 0.1% when the market anticipated a 0.4% reading. Our USDCAD is now testing lows not observed since January... read more

12 May 2015 - CAD Gains on Strong Oil and Weak USD

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian Dollar is strong this morning on the back broader USD weakness and Oil climbing back above $60/bbl for the first time since last week. ... read more

11 May 2015 - String of NA Data Release this Week

By Calvin Kuk
US Dollar vs Canadian Dollar: Friday’s US Employment data coming in line with expectations has stabilized the Greenback heading into this week. We will be watching for JOLT... read more

08 May 2015 - Canada Lost 19.7K Jobs in April

By Calvin Kuk
US Dollar vs Canadian Dollar: The focus today turns to North America with jobs data out for Canada and the United States this morning. Canadian unemployment rate slightly droppe... read more

07 May 2015 - Strong US Jobless Claims

By Calvin Kuk
US Dollar vs Canadian Dollar: US jobless claims were up to 265000 in the US last month, a 3000 rise from the last reading with the market slow to react. USD is up slightly across... read more

06 May 2015 - Oil Reaches 5 Month High

By Calvin Kuk
US Dollar vs Canadian Dollar: Oil reaching a 5 month high of 62.05 (WTI) continues to weaken the Greenback overnight. We have observed a 35% rally in oil from the lows in March l... read more

05 May 2015 - US & Canadian Trade Balance Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: US and Canadian Trade Balance both released softer than the market expected. US released at -51.4B while the Canada released at -3.02B. Later on in... read more

04 May 2015 - Three Fed Speakers Due Today

By Calvin Kuk
US Dollar vs Canadian Dollar: The North American week will start off with US Factory Orders at 10AM followed by three Fed Speakers (Tarullo, Evans, and Williams) on deck today. T... read more

01 May 2015 - Quiet Start to May

By Calvin Kuk
US Dollar vs Canadian Dollar: Looking into North America, there were no fundamentals out for Canada, however, the U.S. will release PMI and ISM Manufacturing data starting at 9:4... read more

30 April 2015 - Canadian GDP Released at 0.0%

By Calvin Kuk
US Dollar vs Canadian Dollar: This morning in North America we start with Canadian GDP m/m data released at 0.0% versus -0.1% expected. Bank of Canada Governor Poloz is due to t... read more

29 April 2015 - FOMC Rate Decision at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: US GDP missed the mark dropping from 2.2% to 0.2%, much worse than economists prediction of a drop to 1.0%. A drop was expected due to West Coast Po... read more

28 April 2015 - CAD Breaks a 3 Month High

By Calvin Kuk
US Dollar vs Canadian Dollar: The federal open market committee (FOMC) starts two days of meetings that will end with the FOMC statement and Federal Funds Rate announcements. Ec... read more

27 April 2015 - Potential for Volatile Week for USD/CAD

By Calvin Kuk
US Dollar vs Canadian Dollar: BOC Governor Poloz testifies to the House of Commons and the Senate Tuesday and Thursday this week. CAD traders will be wise to tread cautiously aro... read more

24 April 2015 - CAD Holding onto Gains

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie is coming out on top after US durable goods released this morning. March’s Durable Goods Orders on headline printed at 4%, but ex ... read more

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