Daily Forex Commentary

24 April 2017 - WTI Up 0.30 Cents

By Frederick Cheng
US Dollar vs Canadian Dollar: The Lower than expected inflation reading released on Friday does support Governor Poloz's stance for the BOC to remain on the sideline, as slack in... read more

21 April 2017 - Canadian Inflation Dips to 1.6%

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian inflation figures this morning missed expectations, as Y/Y Core CPI data printed at 1.3% while Headline CPI figures released at 1.6%, previ... read more

20 April 2017 - Loonie Under Pressure, Oil Drops

By Calvin Kuk
US Dollar vs Canadian Dollar: Oil has corrected overnight after Saudi Arabia announced the Gulf region would support an effort to continue production cuts through the June deadli... read more

19 April 2017 - Loonie is an Underpeformer

By Calvin Kuk
US Dollar vs Canadian Dollar: WTI crude finds support at 52.25 from its resistance level of 53.75 set in last week's high. The technical level is the ascending trend line starti... read more

18 April 2017 - Canadian Economy Grew 4%

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian economy is again the poster child of growth for the Group of Seven, as none of the other wealthy nations in the developing world even c... read more

17 April 2017 - Loonie Finds Traction on the Back of Commodities

By Calvin Kuk
US Dollar vs Canadian Dollar: The loonie finds traction on the back of commodities. Trading is light today with many markets still closed for Easter. WTI is trading higher than ... read more

13 April 2017 - BOC Holds Rate at 0.5%

By Calvin Kuk
US Dollar vs Canadian Dollar: The Bank of Canada left its benchmark interest rate at 0.5% yesterday and was forced to acknowledge that the Canadian economy is growing at a faster... read more

12 April 2017 - Bank of Canada''s Rate Decision at 10:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: Bank of Canada Monetary Policy Report and Rate Decision are released and announced at 10 am today. It is widely expected that the BOC will keep inte... read more

11 April 2017 - Loonie Gains, But Held Within Range

By Calvin Kuk
US Dollar vs Canadian Dollar: The Canadian Dollar continues to strengthen but is held within recent ranges, currently eyeing a break below 1.33. The main driver for the Loonie co... read more

10 April 2017 - Commodity Prices Helps to Support the Loonie

By Frederick Cheng
US Dollar vs Canadian Dollar: The Canadian Dollar is slightly stronger this morning as sturdier commodity prices help support the Loonie. Oil is up 1% this morning as talks of lo... read more

07 April 2017 - US Non Farm Payroll Missed Target

By Frederick Cheng
US Dollar vs Canadian Dollar: The USD is down after markets reacted to important fundamentals. The US Non-Farm Payrolls was released this morning with 98K jobs added in the month... read more

06 April 2017 - Loonie Quiet this Week

By Calvin Kuk
US Dollar vs Canadian Dollar: The Loonie has been quiet this week as technical levels and Central Bank focus has restrained price activity. The Canadian Dollar has continued to t... read more

05 April 2017 - Loonie Recovers, FOMC Minutes on Deck

By Calvin Kuk
US Dollar vs Canadian Dollar: The loonie recovered overnight against the greenback as oil price rose 0.53 cents to 51.56 per barrel. The loonie has been the worst performer of i... read more

04 April 2017 - Loonie is Losing Ground

By Calvin Kuk
US Dollar vs Canadian Dollar: The loonie is losing ground on the greenback this morning and it is not due to a drop in oil or gold, which both have climbed to 0.62% and 0.38% res... read more

03 April 2017 - Canadian Manufacturing PMI Prints at 55.5

By Calvin Kuk
US Dollar vs Canadian Dollar: The loonie trades at 1.3349 this morning in the middle of its two-week consolidated range of 1.3280 to 1.3415. WTI Crude gained 9 cents overnight an... read more

31 March 2017 - Canadian GDP Jumps to 0.6%

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian GDP m/m for February was flat at 0.3% vs. previous. Oil in the short term found some strength as OPEC last weekend signaled it would extend... read more

30 March 2017 - Loonie Gains with Oil

By Calvin Kuk
US Dollar vs Canadian Dollar: WTI Crude reached a high yesterday of 49.63 from an open of 48.58; the move helped the loonie hit a weekly high against the greenback in a quiet wee... read more

29 March 2017 - Quiet Week for the Loonie So Far.

By Calvin Kuk
US Dollar vs Canadian Dollar: A quiet week thus far for the loonie with minimal volatility. Oil and gold continue to climb ever so softly helping the loonie make slight gains aga... read more

28 March 2017 - Governor Poloz Holds Conference at 10:10 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: WTI Crude Oil is up 40 cents or 0.82% and yet the Canadian dollar is still sliding against the greenback. Demand for the USD is driving the decoupl... read more

27 March 2017 - Quiet Week on Economic Release for Canada

By Calvin Kuk
US Dollar vs Canadian Dollar: A quiet week on economic releases for Canada. The Bank of Canada website states that; "Stephen S. Poloz, the Governor of the Bank of Canada, will d... read more

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