Daily Forex Commentary

27 March 2015 - Fed''s Yellen Speech 15:45 EST.

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian Dollar is essentially flat from yesterday’s close and trading on a tight range the throughout the Asian and European sessions. G... read more

26 March 2015 - Gov. Poloz Speaks in the UK

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is weak, down 0.65%, from yesterday’s close. Todays is relatively light on the data front now that jobless claims have passed. Ban... read more

25 March 2015 - BoC''s Poloz Speaks Tomorrow.

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is down slightly from yesterday’s close. CAD has been stable as the market prepares for a speech from BOC Governor Poloz tomorrow.... read more

24 March 2015 - US CPI Mainly Better than Expected.

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is weak, down 0.50%, from yesterday’s close. Most of February’s US CPI data released better than expected this morning, as ... read more

23 March 2015 - Light Data this Week for Canada

By Calvin Kuk
US Dollar vs Canadian Dollar: We are looking at light data for Canada in the week ahead, pointing us to the key event with potential to move the Loonie being BOC Governor Poloz s... read more

20 March 2015 - Canadian Inflation Inline, Retail Sales Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Dollar is essentially flat from yesterday’s close. The CAD retraced most of its strength yesterday after it made its biggest day gai... read more

19 March 2015 - April Rate Hike is Unlikely by FED

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD was a big mover yesterday, the loonie rebounded sharply in its biggest one day move since September 2011. Early in yesterday’s session ... read more

18 March 2015 - Focus on Yellen at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD broke above 1.28 overnight and is in a position to reach new highs if the FED pleases the market today. There is no top tier CAD data today, ... read more

17 March 2015 - Candian Manufacturing Sales Disappoint

By Calvin Kuk
US Dollar vs Canadian Dollar: Statistics Canada released manufacturing sales m/m this morning, which fell to -1.7%, a little of a surprise based on the low Canadian dollar. The ... read more

16 March 2015 - FED will be Focus this Wednesday

By Calvin Kuk
US Dollar vs Canadian Dollar: The spotlight is the FED and the release of its policy statement where the focus will be on the word “patience” and if it remains in the... read more

13 March 2015 - Mixed Canadian Employment Data

By Calvin Kuk
US Dollar vs Canadian Dollar: Focus is on North America today with Canadian data mixed, as February’s employment change printed better than expected from -5.0K that was for... read more

12 March 2015 - CAD Likely Trade on Broad USD Themes

By Calvin Kuk
US Dollar vs Canadian Dollar: CAD is strong this morning after failing to break through 1.2799, CAD is still vulnerable to oil prices but prices have stabilized lately. We will w... read more

11 March 2015 - US Crude Oil Inventories at 10:30 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The North American data calendar is light with no releases for Canada and US Crude oil inventories will be closely watched at 10:30. The recent decl... read more

10 March 2015 - US JOLTS Job Report is the Focus

By Calvin Kuk
US Dollar vs Canadian Dollar: One of the metrics watched by Fed Chair Janet Yellen and the FED is forecasted today to show that job openings rose to 5.05 million in January, a 1... read more

09 March 2015 - The European Central Bank began its Quantitative Easing program

By Frederick Cheng
US Dollar vs Canadian Dollar: The USD strength following the stronger than anticipated employment from Friday continued overnight as bets are placed that the FOMC will hike rates... read more

06 March 2015 - US Non-Farm payrolls knocked it out of the park

By Frederick Cheng
US Dollar vs Canadian Dollar: US Non-Farm payrolls knocked it out of the park this morning, indicating the US economy added 295K jobs in private payrolls. The data has sent the d... read more

05 March 2015 - The ECB left interest rates unchanged at 0.05%

By Frederick Cheng
US Dollar vs Canadian Dollar: In North America we have initial jobless claims coming out at 8:30 this morning and then Canadian Ivey PMI and US Factory Orders out at 10am. Non-F... read more

04 March 2015 - The BoC is expected to leave rates unchanged

By Frederick Cheng
US Dollar vs Canadian Dollar: The main event for the North American trading day is the Bank of Canada Rate Statement at 10:00 AM which the market now expects to remain at 0.75%. ... read more

03 March 2015 - Canadian Q4 GDP came in better than expec

By Frederick Cheng
US Dollar vs Canadian Dollar: The Loonie is trading higher today after Canadian Q4 GDP came in better than expected. Focus will be on Tomorrow’s BoC rate statement at 10:00... read more

02 March 2015 - Focus will be this morning’s Manufacturing PMI

By Frederick Cheng
US Dollar vs Canadian Dollar: Looking to North America the main focus will be this morning’s Manufacturing PMI at 9:45 followed by ISM Manufacturing PMI and Construction Sp... read more

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