Daily Forex Commentary

19 August 2014 - Data Gives Shortlived Boost to USD

By Calvin Kuk
US Dollar vs Canadian Dollar: The North American market’s continues to be focused on protective positioning ahead of this weekend’s Jackson Hole symposium as history ... read more

18 August 2014 - Loonie Poised to Challenge 100 + 200 DMAs

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie continues to sit poised to challenge the 100 and 200 day moving averages (1.0865 and 1.0868 respectively) following Stats Cans’ cor... read more

15 August 2014 - Revised Canadian Jobs Better than Expected

By Calvin Kuk
US Dollar vs Canadian Dollar: Let''s start this morning with the actual Canadian Jobs number printing at 41.7K jobs, which was better than the July expectation of 25k. The incor... read more

14 August 2014 - US Unemployment Claims Print at 311K

By Calvin Kuk
US Dollar vs Canadian Dollar: US Unemployment Claims released this morning and posted at 311K with no special factors. The USD gained some strength, but nothing significant. Sta... read more

13 August 2014 - Little Affect to USD/CAD

By Calvin Kuk
US Dollar vs Canadian Dollar: Some discouraging news overnight and this morning did little to move the Loonie against the greenback as we remain flat with ranges being generally ... read more

12 August 2014 - No Major Event Risk Today

By Calvin Kuk
US Dollar vs Canadian Dollar: The CAD is weak this morning after retracing half of yesterday’s strength. Quiet day for North America as no major event risk is scheduled to... read more

11 August 2014 - USD Fallen from Friday''s High

By Calvin Kuk
US Dollar vs Canadian Dollar: USD/CAD has fallen from Friday’s high as we open this morning just above 1.0950 after trading around the 1.0970 level for most of Friday and t... read more

08 August 2014 - Canadian Employment Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian economy only add 200 jobs in the month of July, with +60K part time and – 59.7K full time. The unemployment rate dropped from 7.1... read more

07 August 2014 - The USD leveled out after losing ground yesterday

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian markets will be looking to catch up after yesterday`s Civic holiday and so far the negative drivers for the Loonie continue to be in contro... read more

06 August 2014 - Canadian Markets Play Catch Up

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian markets will be looking to catch up after yesterday`s Civic holiday and so far the negative drivers for the Loonie continue to be in contro... read more

01 August 2014 - Loonie continues to slip against the greenback

By David Barbeler
US Dollar vs Canadian Dollar: The Loonie continues to lose ground in the current environment while some of its G10 peers are starting to stabilize against the flow to USD we have w... read more

31 July 2014 - Canadian GDP Beats Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian May GDP beat expectations of a rise from 0.1% to 0.3% coming in at a very solid 0.4%. Similar to yesterday’s US GDP which showed a re... read more

30 July 2014 - USD Gained on GDP - FOMC at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD has continued to be favoured overnight as market participants anticipate a change in tone from the FOMC today as well as the continued risin... read more

29 July 2014 - USD at Strongest Level in 6 Weeks

By Calvin Kuk
US Dollar vs Canadian Dollar: All the attention moves the Federal Open Market Committee (FOMC) meetings today and tomorrow, with expectations high that the Federal Reserve will b... read more

28 July 2014 - Quiet Start to the Week

By Calvin Kuk
US Dollar vs Canadian Dollar: We have a quiet start to the week as the market awaits Wednesday’s FOMC meeting and Friday’s US Employment data. The USD continues to gr... read more

25 July 2014 - Positive US Durable Goods

By Calvin Kuk
US Dollar vs Canadian Dollar: US Durable goods had a positive tone with the Headline figure moving from -0.97 to 0.7% while the Core moved from 0.0 to 0.8%. Both number are well ab... read more

24 July 2014 - Loonie in a Narrow Range

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie continues to hover in a very narrow trading range (22 bps) as there appears to be very little appetite to challenge the current range of 1.... read more

23 July 2014 - Retail Sales are Mixed

By Calvin Kuk
US Dollar vs Canadian Dollar: Local retail sales numbers came out mixed this morning with the headline figure printing higher than expected at 0.7% while the core figure missed est... read more

22 July 2014 - US CPI is Soft

By Calvin Kuk
US Dollar vs Canadian Dollar: June US CPI is the main event for the North American trading day and the core release was a bit softer than anticipated dropping from 0.3 to 0.1%. The... read more

21 July 2014 - Theme: Caution

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD continue to trade comfortably either side of 1.0750 with support at 1.0720 and resistance at 1.0780 holding firm for the time being. The positi... read more

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