Daily Forex Commentary

28 April 2015 - CAD Breaks a 3 Month High

By Calvin Kuk
US Dollar vs Canadian Dollar: The federal open market committee (FOMC) starts two days of meetings that will end with the FOMC statement and Federal Funds Rate announcements. Ec... read more

27 April 2015 - Potential for Volatile Week for USD/CAD

By Calvin Kuk
US Dollar vs Canadian Dollar: BOC Governor Poloz testifies to the House of Commons and the Senate Tuesday and Thursday this week. CAD traders will be wise to tread cautiously aro... read more

24 April 2015 - CAD Holding onto Gains

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie is coming out on top after US durable goods released this morning. March’s Durable Goods Orders on headline printed at 4%, but ex ... read more

23 April 2015 - US Initial Jobless Claims on Deck

By Calvin Kuk
US Dollar vs Canadian Dollar: Yesterday’s US existing home sales were better than expected but largely ignored by the market as the USD failed to break out of its slump on ... read more

22 April 2015 - USD/CAD will Trade on Broader Themes

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie has retraced yesterday’s losses against the Greenback as the Chinese stimulus rumours cooked off the big currency. Canadian Fin Min... read more

21 April 2015 - Additional Rate Cut Off the Table for Canada

By Calvin Kuk
US Dollar vs Canadian Dollar: USD weakness has persisted to start out this week with many traders shying away from their once robust USD net long positions. Given the sharp rally... read more

20 April 2015 - BOC Poloz Speaks at 10:05 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: We are looking at a quieter week for data and Central Bank speakers which may allow the US to correct some of last week’s losses. Watch this m... read more

17 April 2015 - Strong Canadian CPI + Retail Sales

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian and US inflationary data came out at 8:30, US CPI in at expectations of 0.2% for both CPI and Core CPI. The big story is the Canadian CPI ... read more

16 April 2015 - Worst is Over in Canada

By Calvin Kuk
US Dollar vs Canadian Dollar: Bank of Canada Gov. Poloz left rates on hold, citing positive growth trajectory in Canada as economic data begins to show improvement. Poloz and his... read more

15 April 2015 - BoC Rate Decision + Press Conference at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is strong, up 75 bps, from yesterday’s close. Weak Chinese data and disappointing Canadian Manufacturing Sales has soften the CAD,... read more

14 April 2015 - Disappointing US Data Release

By Calvin Kuk
US Dollar vs Canadian Dollar: This morning at 8:30am we had Retail Sales and Producer Price data for the U.S. that missed expectations, and data showed 0.4% and 0.2% respectively... read more

13 April 2015 - Busy Week on the NA Data Front

By Calvin Kuk
US Dollar vs Canadian Dollar: Key data to watch for the North American market this week is; US Retail Sales (Tues); CAN Manufacturing Sales, BOC Monetary Policy, US Empire State ... read more

10 April 2015 - Canada Added 28K Jobs

By Calvin Kuk
US Dollar vs Canadian Dollar: The North American session will focus on Canadian Unemployment data which just came in showing Canada added 28K jobs, most of it part time with full... read more

09 April 2015 - 50/50 Split for US Rate Hike in June

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is essentially flat from yesterday’s close. William Dudley the New York Federal Reserve President and voting member was the man t... read more

08 April 2015 - FOMC Meeting at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: CAD is strong and likely to remain so until Friday’s employment release, expected to show no gain in labour metrics. CAD will be trading on th... read more

07 April 2015 - USDCAD Hovers around 1.25

By Calvin Kuk
US Dollar vs Canadian Dollar: Surprisingly USDCAD continues to hover around the 1.25 level despite WTI oil trading comfortably above $50 pbl over the last 24 hours. We currently ... read more

06 April 2015 - Weak US Employment Report from Friday

By Calvin Kuk
US Dollar vs Canadian Dollar: The CAD is relatively flat from last week’s close. We head into this week observing the markets continuing to digest the weak US Employment R... read more

02 April 2015 - Positive North American Trade Balance

By Calvin Kuk
US Dollar vs Canadian Dollar: North America had Trade Balance in at -1.0B and -35.4B for Canada and the US respectively, prior to the data the currency pair traded at 1.2635, the... read more

01 April 2015 - ADP Employment data showed 189K new jobs

By Frederick Cheng
US Dollar vs Canadian Dollar: ADP Employment data showed 189K new jobs in the month of March a significant miss from the forecasted 227K. On the back of this release the Greenba... read more

31 March 2015 - Canadian GDP Mainly Inline

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian Dollar is weak, down 0.40%, from yesterday’s close. Quarterly and monthly end flows have given temporary strength to the USD. C... read more

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