Daily Forex Commentary

29 May 2015 - Canadian GDP is a Miss

By Calvin Kuk
US Dollar vs Canadian Dollar: In the North American session we have a slew of data coming out today. Canadian and U.S. GDP numbers both out at 830am as well as U.S. Personal con... read more

28 May 2015 - USD Strength Continues

By Calvin Kuk
US Dollar vs Canadian Dollar: USD strength has continued to drive trading this week as domestic data has been positive and a change in tone at the FED level has pulled forward ra... read more

27 May 2015 - BoC is on Deck at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The Greenback ascended higher continued throughout the day yesterday and overnight through Asian and European sessions. US data was strong for the m... read more

26 May 2015 - USD Shifts into a Bullish Rally

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD dollar has shifted into a bullish rally as the sentiment at the FED appears to be a more hawkish bias. We do understand that a June rate hik... read more

25 May 2015 - Markets Quiet on Holiday Trading

By Calvin Kuk
US Dollar vs Canadian Dollar: Markets are quiet and on holiday trading with the US celebrating Memorial Day. Chair Yellen spoke on Friday and sounded a little more hawkish, as sh... read more

22 May 2015 - Canadian CPI Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: The greenback remains soft after yesterday’s FOMC minutes. It is clear that the FED is not ready to raise rates until the end of 2015 if at al... read more

21 May 2015 - FED Not Ready to Raise Rates

By Calvin Kuk
US Dollar vs Canadian Dollar: The greenback remains soft after yesterday’s FOMC minutes. It is clear that the FED is not ready to raise rates until the end of 2015 if at al... read more

20 May 2015 - FED Minutes at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian wholesale sales month-over-month were released at 8:30am and were flat: A non-event and had little to no effect on the USDCAD currency pair... read more

19 May 2015 - Poloz Speaks at 11:45 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: In North America this morning we had US Building Permits and Housing Starts both out at 8:30am and both above expectations with USD positive. In Ca... read more

15 May 2015 - USD Recovers

By Calvin Kuk
US Dollar vs Canadian Dollar: In the North American session we have Canadian manufacturing shipments and U.S. industrial production both with medium market impact and reaction. T... read more

14 May 2015 - Positive US Unemployment Claims

By Calvin Kuk
US Dollar vs Canadian Dollar: The US dollar bulls are not so bullish and are backing off again today. This is after yesterday US retails sales data showed that U.S. consumers we... read more

13 May 2015 - USDCAD Testing Yearly Lows

By Calvin Kuk
US Dollar vs Canadian Dollar: US Core Retail Sales dropped from 0.7% to 0.1% when the market anticipated a 0.4% reading. Our USDCAD is now testing lows not observed since January... read more

12 May 2015 - CAD Gains on Strong Oil and Weak USD

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian Dollar is strong this morning on the back broader USD weakness and Oil climbing back above $60/bbl for the first time since last week. ... read more

11 May 2015 - String of NA Data Release this Week

By Calvin Kuk
US Dollar vs Canadian Dollar: Friday’s US Employment data coming in line with expectations has stabilized the Greenback heading into this week. We will be watching for JOLT... read more

08 May 2015 - Canada Lost 19.7K Jobs in April

By Calvin Kuk
US Dollar vs Canadian Dollar: The focus today turns to North America with jobs data out for Canada and the United States this morning. Canadian unemployment rate slightly droppe... read more

07 May 2015 - Strong US Jobless Claims

By Calvin Kuk
US Dollar vs Canadian Dollar: US jobless claims were up to 265000 in the US last month, a 3000 rise from the last reading with the market slow to react. USD is up slightly across... read more

06 May 2015 - Oil Reaches 5 Month High

By Calvin Kuk
US Dollar vs Canadian Dollar: Oil reaching a 5 month high of 62.05 (WTI) continues to weaken the Greenback overnight. We have observed a 35% rally in oil from the lows in March l... read more

05 May 2015 - US & Canadian Trade Balance Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: US and Canadian Trade Balance both released softer than the market expected. US released at -51.4B while the Canada released at -3.02B. Later on in... read more

04 May 2015 - Three Fed Speakers Due Today

By Calvin Kuk
US Dollar vs Canadian Dollar: The North American week will start off with US Factory Orders at 10AM followed by three Fed Speakers (Tarullo, Evans, and Williams) on deck today. T... read more

01 May 2015 - Quiet Start to May

By Calvin Kuk
US Dollar vs Canadian Dollar: Looking into North America, there were no fundamentals out for Canada, however, the U.S. will release PMI and ISM Manufacturing data starting at 9:4... read more

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