Daily Forex Commentary

05 February 2016 - Canadian Employment Data a Miss

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian employment data missed expectations for December declining by -5.7K which rose the unemployment rate to 7.2 %. Trade balance figures for Ca... read more

04 February 2016 - Oil Continues to Rally with the CAD

By Calvin Kuk
US Dollar vs Canadian Dollar: Oil continues to rally with WTI trading as high as 32.94 this morning. The rise in oil coincides with the greenback''s biggest two day losing streak... read more

03 February 2016 - Lowes Offer to Buy Rona, Loonie Supported

By Calvin Kuk
US Dollar vs Canadian Dollar: General USD softening is the key theme overnight as markets digest the latest Fed speech from Fischer, as he’s questioning another 3 rate hike... read more

02 February 2016 - WTI Crude is Supported at $30

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD now finds resistance at the 1.4000 support level for yesterday with a close at 1.3954. Event risk is limited today so oil prices and indices... read more

01 February 2016 - Loonie is showing minor signs of weakness

By Frederick Cheng
US Dollar vs Canadian Dollar: Weaker than anticipated manufacturing data from China has added some downward pressure to commodity currencies to start the trading week. In this en... read more

29 January 2016 - Canadian GDP In Line with Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: The focus is on the BOJ’s decision to introduce negative interest rates, which was a surprise to the market as the yen fell against all its tr... read more

28 January 2016 - The Fed Leaves Rates Unchanged

By Calvin Kuk
US Dollar vs Canadian Dollar: The Federal Open Market Committee left its key interest rate on hold yesterday. Interest rates remain unchanged at 0.25-0.5% and the tone subdued. T... read more

27 January 2016 - FOMC Rate Announcement at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: All eyes will be on the first FOMC rate announcement and statement at 2:00 PM EST today since the rate hike in December. The market is not anticipat... read more

26 January 2016 - Oil Stabalizes, Loonie Supported

By Calvin Kuk
US Dollar vs Canadian Dollar: Oil is on hold above the $30/bl support level at $30.63/bl, providing support to the Loonie. Asian equities followed the North American sell off fr... read more

25 January 2016 - Oil Retreating from Two Week Highs

By Calvin Kuk
US Dollar vs Canadian Dollar: Oil’s gains through Thursday and Friday have subsided to start the week and as you would expect the Loonie is on the defensive again. We have ... read more

22 January 2016 - Loonie Strong, Oil Rallies Over 4%

By Calvin Kuk
US Dollar vs Canadian Dollar: With oil on the up side as much as 4% this morning, the Loonie is holding at the 1.4183 level against the greenback. This is a significant charted ... read more

21 January 2016 - BOC Leave Rates Unchanged

By Calvin Kuk
US Dollar vs Canadian Dollar: Bank of Canada Governor Poloz and Co leave rates unchanged yesterday, the bank expects the Canadian economy to reach 1.4% this year and accelerate t... read more

20 January 2016 - Risk Off Heading into BoC Rate Announcement

By Calvin Kuk
US Dollar vs Canadian Dollar: The brief reprieve from fear gripping markets to start the week has now passed as oil’s slide continued to a fresh 12 year low, breaking down ... read more

19 January 2016 - Oil Recovers, Loonie Up

By Calvin Kuk
US Dollar vs Canadian Dollar: US stock markets will open up in the positive with equity futures pointing higher this morning. Futures are riding the positive wave from the Asian ... read more

18 January 2016 - Fear Driving Markets has Eased

By Frederick Cheng
US Dollar vs Canadian Dollar: The fear driving markets this year has eased slightly to start the week following the Chinese Yuan rebounding in the Asian trading session. The Loon... read more

14 January 2016 - USD climbed forced another high against the Loonie

By Frederick Cheng
US Dollar vs Canadian Dollar: The US dollar climbed against its peers and yet again forced another high against the Loonie as risk came off in the Chinese market in the Asian ses... read more

13 January 2016 - Markets catch their breath overnight

By Frederick Cheng
US Dollar vs Canadian Dollar: Markets had an opportunity to catch their breath in overnight markets following China’s Trade Surplus being reported at $60.09 bln against the... read more

12 January 2016 - CAD Recovering from Fresh Lows

By Calvin Kuk
US Dollar vs Canadian Dollar: No event risk on deck for the North American session today. US Stock Futures are signaling for a higher open after yesterday's close, which is larg... read more

11 January 2016 - CAD Gaining Back Some Ground

By Calvin Kuk
US Dollar vs Canadian Dollar: Chinese markets continued their slide dropping another 5.3% today. With the Chinese Government removing the circuit breaker last week there was no h... read more

08 January 2016 - Positive NA Employment Data

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Jobs data headlined above expectations for December’s Employment at +22.8 vs exceptions of +10.4K, however Canadian Unemployment Rate... read more

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