Daily Forex Commentary

29 July 2015 - FOMC Rate Decision Looms

By Calvin Kuk
US Dollar vs Canadian Dollar: North American session is off to a quiet start with no data out until 10am this morning when Pending Home Sales and Crude Oil inventories from the U... read more

28 July 2015 - FOMC Meeting Tomorrow

By Calvin Kuk
US Dollar vs Canadian Dollar: The NA session started with Raw Material Purchasing Index, a medium tier data, out for Canada at 8:30 which came in at 0.0% vs the previous month of... read more

27 July 2015 - Softening Risk from Fed.

By Calvin Kuk
US Dollar vs Canadian Dollar: USD weakness following the FOMC mistakenly releasing staff projections to the public on Friday. The key takeaway being that the consensus was that r... read more

24 July 2015 - USD/CAD Cracks 1.3100 Overnight

By Calvin Kuk
US Dollar vs Canadian Dollar: With no economic data released in Canada today we look to the U.S. Data for direction on the currency pair. Against the greenback the Canadian doll... read more

23 July 2015 - Canadian Retail Sales Beats Expectaions

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian retail sales data was out at 8:30 this morning with readings of 1.0% for May m/m and 0.9% excluding sales in automobiles for May m/m, which... read more

22 July 2015 - USDCAD Near Highs

By Calvin Kuk
US Dollar vs Canadian Dollar: With little data to review and digest in the early part of this week USDCAD was able retrace some of its recent highs yesterday. This was primarily ... read more

21 July 2015 - Oil and Gold Down

By Calvin Kuk
US Dollar vs Canadian Dollar: No economic data for Canada or the U.S. today, so we take the opportunity to look at commodities. Gold is down to the psychological level of 1100.0... read more

20 July 2015 - CAD Wholesale Trade Disappointed

By Calvin Kuk
US Dollar vs Canadian Dollar: Despite the flash crash in Gold most currencies are flat heading into the North American trading session. The tone is expected to continue to favour... read more

17 July 2015 - North American CPI mainly in line

By Calvin Kuk
US Dollar vs Canadian Dollar: North American session will start with inflation data for both Canada and the United States. Canadian CPI printed mainly in line as m/m and y/y on ... read more

16 July 2015 - BoC Surprises by Cutting Rates

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD remains elevated at a 6 year high after divergence in monetary policy between Canada and the U.S was heightened yesterday. Yesterday's rate ... read more

15 July 2015 - Will BoC Cut Rates?

By Calvin Kuk
US Dollar vs Canadian Dollar: We will have plenty of opportunity for volatility in the North American trading session today, leading off with Canadian Manufacturing Sales, US PPI... read more

14 July 2015 - US Retail Sales Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: The only fundamental to be release in North America this morning was US Retail Sales m/m, which came in at -0.3% and Core Retails sales (excluding a... read more

13 July 2015 - Markets looking upbeat on Greece headlines

By Frederick Cheng
US Dollar vs Canadian Dollar: Oil continues to slip, down 1.71% as the market awaits Iranian President Hassan Rouhani is scheduled to address this nation (1:30 EST) regarding nuc... read more

10 July 2015 - The EUR climbs to a new week high

By Frederick Cheng
US Dollar vs Canadian Dollar: To quote Dorothy in the Wizard of OZ, “I have a feeling we're not in Kanas anymore, we must be over the rainbow?" A letter from the Federal R... read more

09 July 2015 - FOMC minutes holds a dovish tone

By Frederick Cheng
US Dollar vs Canadian Dollar: Federal Open Market Committee minutes were released yesterday. A dovish tone was picked out of the most recent discussions on US monetary policy an... read more

08 July 2015 - Continued Risk Aversion the key theme

By Frederick Cheng
US Dollar vs Canadian Dollar: The USD is cooling off a little as the market continues to monitor the Chinese equity meltdown. Yesterday USDCAD attempted to challenge the 1.28 lev... read more

07 July 2015 - USD continues to strengthen on risk aversion

By Frederick Cheng
US Dollar vs Canadian Dollar: Canadian Trade Balance came in at -3.3B while US Trade Balance came in at -41.9B. At 10am we have the JOLTS Job Openings. USD continues to strengthe... read more

06 July 2015 - North American trading session poised to favour the Greenback

By Frederick Cheng
US Dollar vs Canadian Dollar: The North American trading session looks poised to favour the Greenback as uncertainty will continue to be the key theme in the week ahead. With the... read more

02 July 2015 - USD Retraces on Disappointing Data

By Calvin Kuk
US Dollar vs Canadian Dollar: The US posted a drop in June’s unemployment rate to 5.3%, but Non-farm payrolls printed worse than expected at 223K in June. The USD erased mo... read more

30 June 2015 - Canadian GDP Shrinks

By Calvin Kuk
US Dollar vs Canadian Dollar: Relatively quiet market today heading into Canada Day tomorrow. Unfortunately there’s not much to celebrate on the fundamental side, as GDP m... read more

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