Daily Forex Commentary

30 June 2015 - Canadian GDP Shrinks

By Calvin Kuk
US Dollar vs Canadian Dollar: Relatively quiet market today heading into Canada Day tomorrow. Unfortunately there’s not much to celebrate on the fundamental side, as GDP m... read more

29 June 2015 - Risk Aversion ahead this Week

By Calvin Kuk
US Dollar vs Canadian Dollar: Our North American trading session will continue to be focused on Greek Bank closures ahead of a referendum vote scheduled for July 5th. The risk av... read more

26 June 2015 - USD Rises on Market Uncertainty

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD is edging to move a level higher, as investors are being sidelined and seeking the USD as a safe haven. The combination of plunging Chinese ... read more

25 June 2015 - USD/CAD is Range Bound

By Calvin Kuk
US Dollar vs Canadian Dollar: The North American currency pair continues to be range bound as Greek headlines ahead of the EU summit have most players content to remain on the si... read more

24 June 2015 - US Q1 GDP Inline with Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD has pared back gains ahead of this morning’s release of Q1 GDP numbers, which released as expected but in negative territory at -0.2%.... read more

23 June 2015 - Loonie Weakens

By Calvin Kuk
US Dollar vs Canadian Dollar: The greenback is strong as Greek woes push the focus back to strong fundamentals in the US and stable growth. With geopolitical risk heightening the... read more

22 June 2015 - emergency summit regarding Greece has begun

By Calvin Kuk
US Dollar vs Canadian Dollar: With no Canadian data being released this week the Loonie will be even more susceptible to the Greek storyline, volatility in the majors and oil pri... read more

18 June 2015 - Federal Reserve was cautious in its policy statement

By Frederick Cheng
US Dollar vs Canadian Dollar: With inflation decelerating in the U.S. the Federal Reserve was cautious in its policy statement yesterday. The FED would like to see inflation mov... read more

16 June 2015 - Markets await FOMC

By Calvin Kuk
US Dollar vs Canadian Dollar: Foreign Securities Purchases in Canada are above forecast at 12.94B, showing that foreigners were purchasing more domestic stocks, bonds and money m... read more

15 June 2015 - FOMC Meeting on Wednesday

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Manufacturing Sales missed the market significantly, dropping from 2.7% to -2.1% against the anticipated -1.3%. US Empire State Manufacturi... read more

12 June 2015 - Poloz with Neutral Tone from FSR

By Calvin Kuk
US Dollar vs Canadian Dollar: BOC Governor Poloz continued with a neutral tone in yesterday’s speech following the Financial Systems Review, leaving the Loonie dependent on... read more

11 June 2015 - Strong US Retail Sales

By Calvin Kuk
US Dollar vs Canadian Dollar: The NA data we have been waiting for all week comes today. We have already had a look at US Retail sales which beat expectations. The headline figur... read more

10 June 2015 - USD Selloff Triggered by Kuroda

By Calvin Kuk
US Dollar vs Canadian Dollar: The G7 Headlines regarding Obama expressing concern that the strong USD is hurting economic recovery have been denied. Regardless the negative effec... read more

09 June 2015 - USD/CAD slumps to 1.2337

By Calvin Kuk
US Dollar vs Canadian Dollar: In Canada we have no fundamental economic releases, while in the US we have the JOLTS Job openings and Wholesale Inventories at 10am. The big mover... read more

08 June 2015 - Poloz Speaks on Thursday

By Calvin Kuk
US Dollar vs Canadian Dollar: The G7 Headlines regarding Obama expressing concern that the strong USD is hurting economic recovery have been denied. Regardless the negative effec... read more

05 June 2015 - Strong NA Employment Data

By Calvin Kuk
US Dollar vs Canadian Dollar: In North America this morning we have the employment numbers and the unemployment rates for both Canada and the United States. In general, the labo... read more

04 June 2015 - NA Employment Data Looms

By Calvin Kuk
US Dollar vs Canadian Dollar: With this in mind we look at the data to be release in North America today and tomorrow and one can gauge how accommodative the Federal Reserve and ... read more

03 June 2015 - Canadian Trade Balance Misses the Mark

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Trade Balance data missed the mark along with the previous months data being revised further into the negative. May’s reading was -3.... read more

02 June 2015 - EUR is the Big Mover

By Calvin Kuk
US Dollar vs Canadian Dollar: In North America we have factory orders out of the U.S. as the only fundamental to be release at 10am. Looking at crude oil prices which have moved... read more

01 June 2015 - Stream of Data this Week for NA

By Calvin Kuk
US Dollar vs Canadian Dollar: North American markets will have a healthy stream of data to digest this week. The week starts off with Core PCE and ISM Manufacturing data for the ... read more

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