Daily Forex Commentary

30 September 2014 - Canadian GDP Disappointed

By Calvin Kuk
US Dollar vs Canadian Dollar: The stampede into the USD has taken the Loonie to lows last observed in March (1.1190) and risk is looming of a drive lower as Canadian GDP disappoi... read more

29 September 2014 - No Canadian Data Today

By Calvin Kuk
US Dollar vs Canadian Dollar: Our Loonie hit a recent low of 1.1178 on the announcement of EnCana bidding on Athlon Energy for 6.8 bln USD, which will continue to keep CAD on its... read more

26 September 2014 - US GDP In Line with Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: US GDP was right in line with market consensus at 4.6%, up from 4.2% for the quarter. The US bull trend is firmly intact and the currency is seeing ... read more

25 September 2014 - Loonie Losing Ground vs. USD

By Calvin Kuk
US Dollar vs Canadian Dollar: USD continues to be the darling of FX markets as everyone shrugs off the dovish message from Yellen last week and places the FOMC as the first Centr... read more

24 September 2014 - Limited Data Today

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD consolidated in a 1.1065 to 1.1087 range overnight and the Loonie’s biggest risk at this point is dropping commodity prices causing a p... read more

23 September 2014 - Canadian Retail Sales Disappoint

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD spiked to 1.1050 ahead of the Chinese PMI data and retraced to 1.0985 following the positive release. Canadian Retail Sales experienced the l... read more

22 September 2014 - Quieter Week Ahead

By Calvin Kuk
US Dollar vs Canadian Dollar: The market will be glad to have a quieter week to continue digesting last week’s events and I anticipate the bull trend for the USD will remai... read more

19 September 2014 - Scotland Rejects Independence

By Calvin Kuk
US Dollar vs Canadian Dollar: Headline Canadian CPI was as expected at 2.1% yoy while the core beat expectations of +0.2% on the monthly reading at +0.5%. This is the largest jum... read more

18 September 2014 - Yellen Leaves Statement Largely Unchanged

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD continues to hold on to strength following yesterday’s FOMC meeting where Yellen and Co. left the statement largely unchanged and emph... read more

17 September 2014 - FOMC Meeting at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: Will they remove “considerable time” from the statement or leave it in? Market’s yesterday appear to have had considerable time to... read more

16 September 2014 - Governor Poloz Speech at 12:30 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie held onto its gains from yesterday through overnight trading. Canadian manufacturing Sales and US PPI were just released and CAD is gaini... read more

15 September 2014 - Major FX Week

By Calvin Kuk
US Dollar vs Canadian Dollar: We are looking at a quiet start to what should be a busy week going forward. Little in economic data to digest today which will keep everyone’... read more

12 September 2014 - US Retail Sales Beat Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie along with the commodity based currencies continued to lose ground to the USD, touching 1.1076 overnight. US Retail Sales beat expectatio... read more

11 September 2014 - We have regularly traded above 1.10 intraday this week

By Frederick Cheng
US Dollar vs Canadian Dollar: Lately we are observing some of the historical CAD correlations (oil, volatility) coming back in vogue. I suggest jumping on opportunities like yest... read more

10 September 2014 - Building Expectation on Hawkish Shift by FED

By Calvin Kuk
US Dollar vs Canadian Dollar: USDCAD is hovering just below 1.1000 level after breaking to 1.1030 intraday before CAD recovered to close below key resistance at 1.0980. The focus... read more

09 September 2014 - USD Given Boost Overnight

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD was given a boost overnight as the FRBSF Economic Letter suggested that the public’s pricing of rate moves is behind the FED and the p... read more

08 September 2014 - Quiet Data Week Ahead

By Calvin Kuk
US Dollar vs Canadian Dollar: The market is shrugging off the soft employment data from the US Friday and continuing to buy the Greenback, driving the USDCAD back above 1.0900 th... read more

05 September 2014 - US + Canadian Employment Data Surprises

By Calvin Kuk
US Dollar vs Canadian Dollar: Both NA numbers were a huge miss to the downside. The US economy only added 142K new jobs compared to the 225K economists had been hoping for while ... read more

04 September 2014 - Canadian Trade Balance is Positive

By Calvin Kuk
US Dollar vs Canadian Dollar: Plenty on deck this morning - Canadian Trade Balance figures were better than the expected drop from 1.9B to 1.1B at a very solid +2.6B. US Trade Ba... read more

03 September 2014 - BOC Rate Statement at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: Today’s headlines are all about a “permanent ceasefire” between Kiev’s forces and pro-Russian separatists. A statement from... read more

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