Daily Forex Commentary

16 September 2014 - Governor Poloz Speech at 12:30 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie held onto its gains from yesterday through overnight trading. Canadian manufacturing Sales and US PPI were just released and CAD is gaini... read more

15 September 2014 - Major FX Week

By Calvin Kuk
US Dollar vs Canadian Dollar: We are looking at a quiet start to what should be a busy week going forward. Little in economic data to digest today which will keep everyone’... read more

12 September 2014 - US Retail Sales Beat Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie along with the commodity based currencies continued to lose ground to the USD, touching 1.1076 overnight. US Retail Sales beat expectatio... read more

11 September 2014 - We have regularly traded above 1.10 intraday this week

By Frederick Cheng
US Dollar vs Canadian Dollar: Lately we are observing some of the historical CAD correlations (oil, volatility) coming back in vogue. I suggest jumping on opportunities like yest... read more

10 September 2014 - Building Expectation on Hawkish Shift by FED

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD is hovering just below 1.1000 level after breaking to 1.1030 intraday before CAD recovered to close below key resistance at 1.0980. The focus... read more

09 September 2014 - USD Given Boost Overnight

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD was given a boost overnight as the FRBSF Economic Letter suggested that the public’s pricing of rate moves is behind the FED and the p... read more

08 September 2014 - Quiet Data Week Ahead

By Calvin Kuk
US Dollar vs Canadian Dollar: The market is shrugging off the soft employment data from the US Friday and continuing to buy the Greenback, driving the USDCAD back above 1.0900 th... read more

05 September 2014 - US + Canadian Employment Data Surprises

By Calvin Kuk
US Dollar vs Canadian Dollar: Both NA numbers were a huge miss to the downside. The US economy only added 142K new jobs compared to the 225K economists had been hoping for while ... read more

04 September 2014 - Canadian Trade Balance is Positive

By Calvin Kuk
US Dollar vs Canadian Dollar: Plenty on deck this morning - Canadian Trade Balance figures were better than the expected drop from 1.9B to 1.1B at a very solid +2.6B. US Trade Ba... read more

03 September 2014 - BOC Rate Statement at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: Today’s headlines are all about a “permanent ceasefire” between Kiev’s forces and pro-Russian separatists. A statement from... read more

02 September 2014 - USD Broad Strength

By Calvin Kuk
US Dollar vs Canadian Dollar: US Dollar strength is the central theme as North America returns from the long weekend with the greenback seeing strong gains against a weakening Eu... read more

29 August 2014 - Canadian GDP Stronger than Expected

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian GDP which was just released was much stronger than anticipated with the Q2 Annualized rate at +3.1% versus expectations of +2.6%. The quart... read more

28 August 2014 - CAD Largest One Day Gain Since 2012

By Calvin Kuk
US Dollar vs Canadian Dollar: CAD experienced the largest one day gain against the Greenback since 2012, (1.0960 to 1.0830) and has now settled at 1.0850. Support now sits around... read more

27 August 2014 - CAD Gains on Burger King + Tim''s Deal

By Calvin Kuk
US Dollar vs Canadian Dollar: The current environment this week of little economic data being released, low volatility and rising North American bond yields had the market primed... read more

26 August 2014 - BoC has Dovish Bias

By Calvin Kuk
US Dollar vs Canadian Dollar: BOC Governor Poloz continues to lean Dovish as was highlighted in an interview with the Globe and Mail over the weekend where he stated their focus ... read more

25 August 2014 - CAD Flat - Rumour of Burger King Acquiring Tim Horton''s

By Calvin Kuk
US Dollar vs Canadian Dollar: USD/CAD is currently trading near the overnight high, just above 1.0970 as USD strength was seen across the board following Yellen’s slightly ... read more

22 August 2014 - Canadian Core Retail Sales Better than Expected

By Calvin Kuk
US Dollar vs Canadian Dollar: CPI and Retail Sales will give Canada an opportunity to be in the spotlight as there is no other economic releases this morning. The Core CPI month ... read more

21 August 2014 - No Canadian Data

By Calvin Kuk
US Dollar vs Canadian Dollar: Yesterday’s FOMC minutes were slightly more hawkish than anticipated which has helped the US continue to attract positive attention. The upwar... read more

20 August 2014 - Cautious Tone Leading into FOMC Minutes at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: Despite the USD momentum to the upside continuing overnight, markets are carrying a cautious tone as we await the FOMC minutes at 2:00. There is exp... read more

19 August 2014 - Data Gives Shortlived Boost to USD

By Calvin Kuk
US Dollar vs Canadian Dollar: The North American market’s continues to be focused on protective positioning ahead of this weekend’s Jackson Hole symposium as history ... read more

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