Daily Forex Commentary

22 September 2017 - Canadian Inflation Misses the Mark

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Retail Sales excluding autos decreased to 0.2% while core increased to 0.4% from expectations of 0.1%. Consum... read more

21 September 2017 - Hawkish Tone from the Fed Yesterday

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie continues to trade softer today after FOMC’s comments yesterday. Focus now turn to the Canadian CPI nu... read more

20 September 2017 - FOMC Rate Decision at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian dollar strengthened against the greenback as oil prices move higher. WTI Crude Oil is trading at 50.48, up... read more

19 September 2017 - Governor Lane Dampens Rate Hike Expecations

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian dollar fell against its G10 trading peers yesterday after comments from the Bank of Canada's Deputy Govern... read more

18 September 2017 - Loonie Trades on Consolidated Range

By Calvin Kuk
US Dollar vs Canadian Dollar: The loonie continues to trade in its consolidated range of 1.2084 (0.8275) and 1.2232 (0.8175). A breakout of this range is imminent with CPI inflat... read more

15 September 2017 - Headlines Focus on North Korea

By Frederick Cheng
US Dollar vs Canadian Dollar: The Canadian dollar regains weekly losses against the greenback as oil moves over 50.00 dollars per barrel. The Loonie has been consolidating betwee... read more

14 September 2017 - USD Trades Higher After Inflation Numbers

By Frederick Cheng
US Dollar vs Canadian Dollar: The Canadian dollar broke through resistance of 1.2194(0.8200) after a week of narrow trading from 1.2121 to 1.2158. The Loonie continues to trade o... read more

13 September 2017 - CAD Consolidates But Remains Supportive

By Frederick Cheng
US Dollar vs Canadian Dollar: The Loonie tested resistance at 1.2158 yesterday against the greenback. Economic fundamentals are light this week, and the Loonie finds itself tradi... read more

12 September 2017 - Economic Data Is Light This Week

By Frederick Cheng
US Dollar vs Canadian Dollar: Economic data this week is very light out of Canada with only New Housing Price Index out on Thursday morning. The Loonie remains strong against th... read more

11 September 2017 - Light On Economic Data Today

By Frederick Cheng
US Dollar vs Canadian Dollar: Canadian Housing Starts for August came in better than expected at 223.3K. Starts have had little to no effect on the Loonie’s trading direct... read more

08 September 2017 - Canadian Unemployment Rate Drops

By Frederick Cheng
US Dollar vs Canadian Dollar: Canadian Employment Net Change came in at +22.2K and the Unemployment rate drops to 6.2% from 6.3%. When we break down the numbers, Canada saw Full... read more

07 September 2017 - BoC Raised Benchmark Interest Rate to 1.0%

By Frederick Cheng
US Dollar vs Canadian Dollar: Bank of Canada raised its benchmark lending rate by a quarter point yesterday to 1.0%, due to a faster growth pace. After the announcement, BOC cite... read more

06 September 2017 - BoC Rate Announcement Today

By Frederick Cheng
US Dollar vs Canadian Dollar: Trade Balance data for Canada will be over shadowed by the BOC rates announcement today. The argument is whether the BoC will raise interest rate to... read more

05 September 2017 - CAD Flat Into Rate Decision Tomorrow

By Frederick Cheng
US Dollar vs Canadian Dollar: Safe havens remain well bid this morning as ongoing tensions over North Korea’s recent nuclear test continue to dominate the news. On Sunday a... read more

01 September 2017 - US Jobs DataToday

By Frederick Cheng
US Dollar vs Canadian Dollar: Canadian GDP for the second quarter surges to 4.5% pace and tops all the G7 countries on growth. Household spending was the primary driver behind th... read more

31 August 2017 - Loonie Recovers

By Frederick Cheng
US Dollar vs Canadian Dollar: The Loonie this morning is recovering from losses it made this week against its G10 counterpart. With falling commodity prices in metals and energy... read more

30 August 2017 - CAD Under Pressure

By Frederick Cheng
US Dollar vs Canadian Dollar: US Gross Domestic Products for the 2nd quarter annualized saw growth of 3.0% which was much better than expectations of 2.7%. Personal Consumption a... read more

29 August 2017 - Global Markets in Safe Haven Mode

By Calvin Kuk
US Dollar vs Canadian Dollar: With global markets in safe haven mode, the Canadian dollar this morning finds itself well supported on the back of com... read more

28 August 2017 - No Economic Data Releases for Canada Today

By Calvin Kuk
US Dollar vs Canadian Dollar: No economic data will be released from Canada today. The market anticipation for the Bank of Canada to raise interest ... read more

25 August 2017 - Jackson Hole Looms

By Calvin Kuk
US Dollar vs Canadian Dollar: The CAD is trading slightly higher today as it tests a multi week high. There are no domestic data releasing today, so focus will be on Yellen and D... read more

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