Daily Forex Commentary

29 August 2014 - Canadian GDP Stronger than Expected

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian GDP which was just released was much stronger than anticipated with the Q2 Annualized rate at +3.1% versus expectations of +2.6%. The quart... read more

28 August 2014 - CAD Largest One Day Gain Since 2012

By Calvin Kuk
US Dollar vs Canadian Dollar: CAD experienced the largest one day gain against the Greenback since 2012, (1.0960 to 1.0830) and has now settled at 1.0850. Support now sits around... read more

27 August 2014 - CAD Gains on Burger King + Tim''s Deal

By Calvin Kuk
US Dollar vs Canadian Dollar: The current environment this week of little economic data being released, low volatility and rising North American bond yields had the market primed... read more

26 August 2014 - BoC has Dovish Bias

By Calvin Kuk
US Dollar vs Canadian Dollar: BOC Governor Poloz continues to lean Dovish as was highlighted in an interview with the Globe and Mail over the weekend where he stated their focus ... read more

25 August 2014 - CAD Flat - Rumour of Burger King Acquiring Tim Horton''s

By Calvin Kuk
US Dollar vs Canadian Dollar: USD/CAD is currently trading near the overnight high, just above 1.0970 as USD strength was seen across the board following Yellen’s slightly ... read more

22 August 2014 - Canadian Core Retail Sales Better than Expected

By Calvin Kuk
US Dollar vs Canadian Dollar: CPI and Retail Sales will give Canada an opportunity to be in the spotlight as there is no other economic releases this morning. The Core CPI month ... read more

21 August 2014 - No Canadian Data

By Calvin Kuk
US Dollar vs Canadian Dollar: Yesterday’s FOMC minutes were slightly more hawkish than anticipated which has helped the US continue to attract positive attention. The upwar... read more

20 August 2014 - Cautious Tone Leading into FOMC Minutes at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: Despite the USD momentum to the upside continuing overnight, markets are carrying a cautious tone as we await the FOMC minutes at 2:00. There is exp... read more

19 August 2014 - Data Gives Shortlived Boost to USD

By Calvin Kuk
US Dollar vs Canadian Dollar: The North American market’s continues to be focused on protective positioning ahead of this weekend’s Jackson Hole symposium as history ... read more

18 August 2014 - Loonie Poised to Challenge 100 + 200 DMAs

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie continues to sit poised to challenge the 100 and 200 day moving averages (1.0865 and 1.0868 respectively) following Stats Cans’ cor... read more

15 August 2014 - Revised Canadian Jobs Better than Expected

By Calvin Kuk
US Dollar vs Canadian Dollar: Let''s start this morning with the actual Canadian Jobs number printing at 41.7K jobs, which was better than the July expectation of 25k. The incor... read more

14 August 2014 - US Unemployment Claims Print at 311K

By Calvin Kuk
US Dollar vs Canadian Dollar: US Unemployment Claims released this morning and posted at 311K with no special factors. The USD gained some strength, but nothing significant. Sta... read more

13 August 2014 - Little Affect to USD/CAD

By Calvin Kuk
US Dollar vs Canadian Dollar: Some discouraging news overnight and this morning did little to move the Loonie against the greenback as we remain flat with ranges being generally ... read more

12 August 2014 - No Major Event Risk Today

By Calvin Kuk
US Dollar vs Canadian Dollar: The CAD is weak this morning after retracing half of yesterday’s strength. Quiet day for North America as no major event risk is scheduled to... read more

11 August 2014 - USD Fallen from Friday''s High

By Calvin Kuk
US Dollar vs Canadian Dollar: USD/CAD has fallen from Friday’s high as we open this morning just above 1.0950 after trading around the 1.0970 level for most of Friday and t... read more

08 August 2014 - Canadian Employment Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian economy only add 200 jobs in the month of July, with +60K part time and – 59.7K full time. The unemployment rate dropped from 7.1... read more

07 August 2014 - The USD leveled out after losing ground yesterday

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian markets will be looking to catch up after yesterday`s Civic holiday and so far the negative drivers for the Loonie continue to be in contro... read more

06 August 2014 - Canadian Markets Play Catch Up

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian markets will be looking to catch up after yesterday`s Civic holiday and so far the negative drivers for the Loonie continue to be in contro... read more

01 August 2014 - Loonie continues to slip against the greenback

By David Barbeler
US Dollar vs Canadian Dollar: The Loonie continues to lose ground in the current environment while some of its G10 peers are starting to stabilize against the flow to USD we have w... read more

31 July 2014 - Canadian GDP Beats Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian May GDP beat expectations of a rise from 0.1% to 0.3% coming in at a very solid 0.4%. Similar to yesterday’s US GDP which showed a re... read more

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