Daily Forex Commentary

27 March 2017 - Quiet Week on Economic Release for Canada

By Calvin Kuk
US Dollar vs Canadian Dollar: A quiet week on economic releases for Canada. The Bank of Canada website states that; "Stephen S. Poloz, the Governor of the Bank of Canada, will d... read more

24 March 2017 - Loonie Trading In Tight Range

By Frederick Cheng
US Dollar vs Canadian Dollar: Inflation data today from Canada showed the CPI Y/Y for March and BOC Core CPI Y/Y for February were 2.0% and 1.8% respectively. WTI Crude Oil at 4... read more

24 March 2017 - CAD Quiet

By Frederick Cheng
US Dollar vs Canadian Dollar: Canadian Finance Minister Bill Morneau delivered his second Liberal government budget to Parliament last night. There seems to be a pause in the amb... read more

22 March 2017 - Canadian Federal Budget Due Today

By Calvin Kuk
US Dollar vs Canadian Dollar: The Trudeau Government will give its budget today; economists are saying it will consist of more on spending and taxing the rich vs. balancing. The... read more

21 March 2017 - Canadian Core Retail Sales Beat Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: The CAD is trading higher today on positive fundamentals and broad based USD weakness. Canadian Core Retail sales jumped 1.7% from the previous 0.5%... read more

20 March 2017 - Loonie Flat, Domestic Risk Elevated for the Week

By Calvin Kuk
US Dollar vs Canadian Dollar: The CAD is relatively flat today. There’s plenty of domestic data risk this week. We will see Retail Sales figures on Tuesday, BoC Deputy Gove... read more

17 March 2017 - Loonie Holds onto Recent Gains

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian has held onto its recent gains against the USD up over a 1% since the middle of the week. Oil has stabilized over the last 2 business d... read more

16 March 2017 - Greenback Slides Post FOMC

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian Dollar strengthened 160 points yesterday afternoon as markets react to the Fed rate decision. The Loonie has recovered from multi month... read more

15 March 2017 - FOMC Policy Meeting at 14:00 + Press Conference at 14:30

By Calvin Kuk
US Dollar vs Canadian Dollar: No major economic fundamentals out of Canada today other than Existing Home Sales, which printed at 5.2%. The spotlight will be on our partners dow... read more

14 March 2017 - Oil Breaks New Low, Loonie Heads Back to Lows

By Calvin Kuk
US Dollar vs Canadian Dollar: No economic news out of Canada this morning leaving the Loonie to trade near new 2017 lows. Broader developments will be the main driver as Oil made... read more

13 March 2017 - Loonie''s Guidance will come from Broader Sentiments this Week.

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian Dollar is flat from last week’s session and only minor data are on the agenda this week. Canadian Existing Home Sales in Februar... read more

10 March 2017 - Strong Canadian Employment Data Provides some Relief for the Loonie.

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian employment data in February is taking the spotlight this morning and it was generally positive. Unemployment rate dropped to 6.6% from the... read more

09 March 2017 - Oil Plummets, CAD Continues to Drop.

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian New Housing Price Index in January released as expected at 0.1% m/m and 3.1% y/y. The Loonie is continuing to take a beating after hitting ... read more

07 March 2017 - Canadian Trade Balance Beats Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Trade Balance figures this morning showed exports continuing to outpace imports for a positive reading of 0.8% giving the loonie minimal at... read more

06 March 2017 - CAD Under Pressure, Fed Rate Hike Likely for March

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian dollar was the worst performer of the commodity based currencies last week and continues to be under pressure. WTI is consolidating be... read more

03 March 2017 - Loonie Hits Lowest Level in 8 Weeks

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian Dollar hits its lowest level in eight weeks as weaker Oil prices and Fed activity pull on the Loonie. Oil has dropped to 52.68 this mor... read more

02 March 2017 - USD Continues its Strength

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian Dollar has lost 280 points this week as central bank policy continues to push the USD higher across the board. Yesterday the Bank of Ca... read more

01 March 2017 - Bank of Canada Policy Decision at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The Bank of Canada is expected to leave interest rates unchanged today at 0.5%. The market will be interested in the BOC''s stance on the US policy... read more

28 February 2017 - Fed President Kaplan Made Hawkish Statement

By Calvin Kuk
US Dollar vs Canadian Dollar: A day ahead of a Bank of Canada rate decision the Canadian dollar finds little support. Oil and gold look to end the month at the top of their range... read more

27 February 2017 - CAD soft ahead of BoC Wednesday

By Frederick Cheng
US Dollar vs Canadian Dollar: The Canadian dollar is falling this morning even with elevated copper and oil prices; it is the worst performer against its trading peers to start t... read more

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