Daily Forex Commentary

22 April 2014 - The Loonie initially traded slightly higher on Wholesale Sales

By Frederick Cheng
US Dollar vs Canadian Dollar: CAD is quiet today after the long weekend. The Loonie initially traded slightly higher on better than expected Wholesale Sales in February but has sin... read more

21 April 2014 - A quiet holiday session

By Frederick Cheng
US Dollar vs Canadian Dollar: A quiet session overnight as Australia, Hong Kong, European and UK markets are closed for Easter Monday. USD/CAD is flat in North American open and is... read more

18 April 2014 - Markets very quiet with most off for Easter break

By David Barbeler
US Dollar vs Canadian Dollar: The Loonie strengthened early in the session yesterday after a slightly higher printing of local inflation figures, with CPI rising to 1.5% for the ye... read more

17 April 2014 - USD/CAD is expected to trade within its near term range

By Frederick Cheng
US Dollar vs Canadian Dollar: CAD is flat this morning after a relatively quiet session in Asia and Europe. BoC held rates unchanged and maintained its neutral stance. USD/CAD open... read more

16 April 2014 - BoC expected to leave rates unchanged and maintain a neutral stance

By Frederick Cheng
US Dollar vs Canadian Dollar: CAD is soft this morning, trading slightly lower from yesterday’s close as the market waits for the BoC rate statement and press conference late... read more

15 April 2014 - CAD is weak ahead of BoC Rate Statement

By Frederick Cheng
US Dollar vs Canadian Dollar: The CAD is weak going into tomorrow’s BoC Rate Statement as USD/CAD traded back above 1.1000 in North American open. On the data front, US CPI a... read more

14 April 2014 - A busy week with BoC meeting on Wednesday

By Frederick Cheng
US Dollar vs Canadian Dollar: USD/CAD is flat going into a busy week with BoC meeting on Wednesday and CPI release on Thursday. Risk is in Governor Poloz’s tone where it is e... read more

11 April 2014 - USD Retraced Half of the Week''s Losses

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie is weaker this morning as market sentiment shifts in favour of the USD. Stronger than expected US PPI combined weaker than expected Chinese... read more

10 April 2014 - FOMC Confirmed Over Reaction to Mar19 Rate Hikes

By Calvin Kuk
US Dollar vs Canadian Dollar: Yesterday’s FOMC minutes are USD negative and suggest that the market had over reacted to March 19th’s FOMC meeting regarding interest rat... read more

09 April 2014 - FOMC Minutes release at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is unchanged at 1.0925 as a lack of data globally has the FX market in a subdued state. Technical support for the USD at 1.0900 is now a k... read more

08 April 2014 - CAD at 2 Month High on Domestic Data + Quebec Election

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD dropped to a 2 month low at 1.0916 this morning as an upbeat market sells the USD today. The Quebec election provided a very small boost t... read more

07 April 2014 - BoC Business Outlook Survey Release at 10:30 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD traded to a low of 1.0965 on Friday as impressive Canadian employment data strengthened the Loonie. This week the market has opened weaker... read more

04 April 2014 - CAD Gains on Positive Canadian Employment Data

By Calvin Kuk
US Dollar vs Canadian Dollar: We have just had the much awaited Canadian and US employment figures both released, and with the US figure coming in slightly lower than expected and ... read more

03 April 2014 - Canadian Trade Balance Slightly Better than Expected

By Calvin Kuk
US Dollar vs Canadian Dollar: Another relatively quiet day yesterday in terms currency ranges with USD/CAD again held comfortably between 1.10 and 1.1050. Canadian and US trade bal... read more

02 April 2014 - US Non-Farm Employement Change has Minimal Effect

By Calvin Kuk
US Dollar vs Canadian Dollar: USD/CAD is trading just above the 1.10 psychological level having drifted lower for much of yesterday’s session as the greenback had a mixed day... read more

01 April 2014 - Inflationary Pressure Could be Brewing

By Calvin Kuk
US Dollar vs Canadian Dollar: Better than expected GDP figures yesterday did provide an early surge for the Loonie, however, the 1.10 psychological level was never in danger and in... read more

31 March 2014 - Positive GDP figures for Canada

By Calvin Kuk
US Dollar vs Canadian Dollar: USD/CAD traded higher on Friday moving above 1.1050 for most of the afternoon as traders pushed it back above the level that was a key support for muc... read more

28 March 2014 - CAD Gained Around 2.5 Cents over 7 Days

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is 200 points lower this week as the commodity currencies surge against the USD. Improved risk sentiment and a lack of Canadian data has h... read more

27 March 2014 - CAD Gains 5 Consectuive Days

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie is strong after breaking multiple support at 1.1135 and 1.1100. General strength in commodity base currencies and a hawkish Fed means the p... read more

26 March 2014 - CAD Rises with other Commodity Based Currencies

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie is trading higher today along with other commodity based currencies. The market looks to be easing off some of the negative comments from G... read more

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