Daily Forex Commentary

22 July 2016 - Canadian CPI Exceeds Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: WTI crude oil made this week’s low this morning at 44.25 dpb and has since recovered to 44.79. Stock futures are pointing to a positive open ... read more

21 July 2016 - USD/CAD Remains Within a Tight Range

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD has remained within a tight range over the last two trading days holding between 1.3000 and 1.3090. This morning the US Initial Jobless ... read more

20 July 2016 - Crude Oil Inventories Releasing at 10:30 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: Weekly crude oil inventories is the only North American fundamental to watch for today. The data comes out at 10:30 this morning and it is giving i... read more

19 July 2016 - USD Higher on Risk Aversion

By Calvin Kuk
US Dollar vs Canadian Dollar: Stock futures are slightly mixed this morning with the S&P down 5pts. WTI oil and gold are gaining slightly as safety is seen in these two comm... read more

18 July 2016 - USD Makes Modest Gains.

By Calvin Kuk
US Dollar vs Canadian Dollar: WTI crude is down -1.22 to 45.35 dpb this morning. The active oil-rig count rose 6 to 357 in the Baker Hughes report on Friday. This was the sixth w... read more

15 July 2016 - Canadian Manufacturing In Line

By Calvin Kuk
US Dollar vs Canadian Dollar: A busy economic calendar for today starting at 8:30 am. Canadian Manufacturing Shipments released in line with expectations at 1% vs last month&rsq... read more

14 July 2016 - Bank of Canada Leaves Overnight Rates Unchanged at 0.5%

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD expected range is 1.2870 to 1.2987. A rosier outlook for the Canadian economy was the message from the Bank of Canada yesterday, as they lef... read more

13 July 2016 - Bank of Canada Rate Decision at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The focus today will be on Governor Poloz and the Bank of Canada at 10:00 am today. It is widely expected that the BOC will leave its overnight inte... read more

12 July 2016 - Quiet Day for North America

By Calvin Kuk
US Dollar vs Canadian Dollar: A quiet day on the economic calendar for North America. WTI crude oil is up over a dollar from yesterday, trading through 46 dollars per barrel. Gol... read more

11 July 2016 - Loonie Underperforms as Oil Sinks

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Housing Starts out at 8:15 this morning and signalled that the construction of privately held new homes in Canada remains strong. A global... read more

08 July 2016 - US employment data stronger than expected

By Frederick Cheng
US Dollar vs Canadian Dollar: The USD/CAD touched its highest level of the week at 1.3080 as surprisingly strong employment data boosted the USD. The US Non-Farm Payrolls printed... read more

07 July 2016 - Dovish Comments from the Fed Yesterday

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD was unable to hold above 1.30 yesterday as dovish comments from the Fed and steady Oil prices pushed the USD lower. The Fed minutes rele... read more

06 July 2016 - Oil is Down with the CAD

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD has broken through 1.3000 as the USD strengthens across the board on broader risk aversion. Uncertainty in global markets over the past ... read more

05 July 2016 - Loonie Under Pressure

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie is soft this morning as global risk environment deteriorates. Commodities are mostly lower with WTI crude is down 2.36%, trading under $ ... read more

30 June 2016 - Canadian GDP Slightly Improved 1.5%

By Calvin Kuk
US Dollar vs Canadian Dollar: Equities have continued to gain and commodities are showing signs of a bull market. At 8:30 am Stats Can released m/m GDP for April and data was sig... read more

29 June 2016 - Oil Continues to Gain

By Calvin Kuk
US Dollar vs Canadian Dollar: Fundamentals are only out of the US today with oil inventories being the most prominent data to be released. Oil continues to move higher through ... read more

28 June 2016 - Markets Stablize after Two Day Rout

By Calvin Kuk
US Dollar vs Canadian Dollar: US GDP data today is out at 10:00 am this morning. Forecast is for 0.6% and 1% on a quarterly and annualized basis. We will also get Conference Boar... read more

27 June 2016 - Sterling Still Under Pressure

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian fundamentals are light this week with only GDP m/m out on Thursday and expectations are for 0.1%. This week for US data are the usual susp... read more

24 June 2016 - The UK Shocks the World by Voting to Leave the EU

By Calvin Kuk
US Dollar vs Canadian Dollar: The Brexit “Leave” camp wins, sending industrial commodities and equity to safe haven instruments. The Yen is 2.4% higher against the g... read more

23 June 2016 - UK Citizens head to Poll Stations

By Calvin Kuk
US Dollar vs Canadian Dollar: USD/CAD continues to trade lower on broad USD weakness. The market looks to have priced in a win for the Remain camp in Brexit fuelling global optim... read more

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