Daily Forex Commentary

23 January 2015 - Canadian CPI inline

By Calvin Kuk
US Dollar vs Canadian Dollar: The CAD is weak on the back of ongoing USD strengthen. Canadian Retail Sales and inflation both came in largely as expected with little reaction fro... read more

22 January 2015 - BOC Cuts Interest Rate by 0.25%

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian Dollar was the big mover yesterday losing close to 200 pts in the blink of an eye after the Bank of Canada decided to lower interest ra... read more

21 January 2015 - Bank of Canada Meeting at 10:00

By Calvin Kuk
US Dollar vs Canadian Dollar: The North American session will have the Bank of Canada meeting (10:00) and Poloz’s Press conference (11:15) on centre stage today. Yesterday ... read more

20 January 2015 - Canadian Manufacturing Sales Disappointed

By Calvin Kuk
US Dollar vs Canadian Dollar: As one would expect all the concern of poor Global Growth from the overnight markets our Loonie has struggled leaving USDCAD above the 1.20 mark aga... read more

19 January 2015 - US Markets Closed for MLK Day

By Calvin Kuk
US Dollar vs Canadian Dollar: With US markets closed for Martin Luther King Day we will see thinner markets once Europe closes, leaving us open to the possibility of some erratic... read more

16 January 2015 - CAD Failed to Sustain Gains

By Calvin Kuk
US Dollar vs Canadian Dollar: USD/CAD continues to test resistance level at 1.2000. So far, the pair had failed to sustain any gains above this level. A close above will open ro... read more

15 January 2015 - USD Weakens on Outflows

By Calvin Kuk
US Dollar vs Canadian Dollar: For the US, unemployment claims rose this week to 316k, Core PPI m/m came in at 0.3% slightly higher than consensus, and the Empire State manufactur... read more

14 January 2015 - Weak US Retail Sales

By Calvin Kuk
US Dollar vs Canadian Dollar: Deputy BOC Governor Timothy Lane’s speech yesterday highlighted the challenges our economy will face in 2015 with drop in oil prices and highl... read more

13 January 2015 - USD/CAD Makes New High of 1.1993

By Calvin Kuk
US Dollar vs Canadian Dollar: Turning our attention to North America we are very light on the data front today but tomorrow we do see the US retail sales data for December. So f... read more

12 January 2015 - Bank of Canada Business Survey Results

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD has just moved through 1.1900 this morning in tandem with WTI oil moving to 46.50 pbl. Today we have the Bank of Canada Business Survey resul... read more

09 January 2015 - Mixed NA Employment Data

By Calvin Kuk
US Dollar vs Canadian Dollar: Employment Data for North America: the employment change for Canada comes in at -4.3k with the unemployment rate unchanged at 6.6%. The US jobs jus... read more

08 January 2015 - Light on the NA Data Front

By Calvin Kuk
US Dollar vs Canadian Dollar: Fundamentally very light on the data front today so the CAD/USD should trade on currency flows and not on data. That being said bets will be being ... read more

07 January 2015 - Oil Touches $46.85 Overnight

By Calvin Kuk
US Dollar vs Canadian Dollar: Oil tested a new low again overnight, touching $46.85 briefly before retracing to the mid $48 dollar range. The main event for North America is the ... read more

06 January 2015 - Loonie Torn Between China + Oil

By Calvin Kuk
US Dollar vs Canadian Dollar: Our Loonie has held steady overnight as it is torn between the positive rumours of a Chinese stimulus package to spur on global growth demand for co... read more

05 January 2015 - USD/CAD Peaks at 1.1812

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is flat from last week’s close. The USD seemed to have temporarily cooled after peaking to a high of 1.1812 early this morning an... read more

30 December 2014 - Greenback marginally weaker as markets continue to consolidate

By David Barbeler
US Dollar vs Canadian Dollar: The greenback is pulling back a touch against most of counterparts as traders continue to pair back what little positions remain as we approach the en... read more

24 December 2014 - Markets Quiet Heading into Holiday

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is weak, down 10 bps, from yesterday’s close. Oil is not suffering from anymore loss for now, as it seems to be stabilizing close ... read more

23 December 2014 - Canadian GDP Better than Expected

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian GDP was positive with a monthly reading of 0.3% against the expected drop to 0.1%. US Final GDP for the quarter increased to 5.0% from 3.9%... read more

22 December 2014 - Loonie Trades within Last Week''s Range

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie continues to trade in last week’s range, with no significant data for North America the focus will remain on oil prices and end of ... read more

19 December 2014 - Canadian CPI Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian data had its opportunity to shine this morning and came out lacklustre at best. Core CPI dropped from 0.3% to -0.2% against an expected mov... read more

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