Daily Forex Commentary

24 August 2016 - copper is down to its lowest level in 16 months

By Frederick Cheng
US Dollar vs Canadian Dollar: Commodities moved lower, starting with copper which is down to its lowest level in 16 months as China cut imports of the industrial metal. Crude oi... read more

23 August 2016 - Focus continues to be on the Fed

By Frederick Cheng
US Dollar vs Canadian Dollar: Focus continues to be on the Fed. The possibly of rate hikes this year have moved to over 50% based on recent economic data. The recent USD rally ca... read more

22 August 2016 - USD maintains momentum

By Frederick Cheng
US Dollar vs Canadian Dollar: The USD/CAD has maintained its momentum from Friday to open the North American session higher at 1.2910. The Loonie has been struggling since Friday... read more

19 August 2016 - North American Stock Futures Sold off

By Frederick Cheng
US Dollar vs Canadian Dollar: Overnight commodities and North American stock futures sold off slight, not a major correction by any means but some profit taking entered the marke... read more

18 August 2016 - Canadian Foreign Security Purchased below expectations

By Frederick Cheng
US Dollar vs Canadian Dollar: Canadian Foreign Security Purchases which is the difference between imports and exports and a gauge for Canadian securities demand which more import... read more

17 August 2016 - Crude Oil Inventories to be Released at 10:30 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: CPI data for the US failed to signal inflationary risk yesterday, while Canadian CPI figures will release this Friday. Oil has continued its rise th... read more

16 August 2016 - Oil Surges, CAD Benefits.

By Calvin Kuk
US Dollar vs Canadian Dollar: A very busy day on economic data today. At 8:30 am we had Canadian Manufacturing Shipments printing, which was better than expected. US Building P... read more

15 August 2016 - Oil Prices Gaining Strength

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD is consolidating against most of the majors today as the market waits for new US data. The Lonnie is trading slightly higher today as Oil pr... read more

12 August 2016 - Soft US Fundamental Data

By Calvin Kuk
US Dollar vs Canadian Dollar: Crude oil continued to move higher after Saudi Arabia signalled its willingness to review measures to stabilize the market at next month''s OPEC tal... read more

11 August 2016 - Canadian New Housing Prices Miss Expectations

By Calvin Kuk
US Dollar vs Canadian Dollar: Medium tier data from North America today, as statistics Canada released the New Housing Prices Index where expectations were for 0.3, but missed ex... read more

10 August 2016 - USD Slides on Renewed Doubts on Rate Tightening

By Calvin Kuk
US Dollar vs Canadian Dollar: No economic data released out of Canada today. Risk events are US JOLTS data for July and weekly Crude Oil Inventories at 10:00 am and 10:30 am resp... read more

09 August 2016 - Strong Canadian Housing Starts

By Calvin Kuk
US Dollar vs Canadian Dollar: Canadian Housing Starts headlined at 198.4k while expectation was for 195k for July. WTI crude oil continues its 5 day accent from the 39.25 dpb, a... read more

08 August 2016 - Canadian Building Permits Softer than Expected.

By Calvin Kuk
US Dollar vs Canadian Dollar: The CAD is relatively flat today as USD/CAD consolidates within a tight range this morning. Domestic data is light with only Building Permits figure... read more

05 August 2016 - Canadian Employment Change Disappoints

By Calvin Kuk
US Dollar vs Canadian Dollar: USD/CAD is up 140 points this morning to currently change hands at 1.3140. The US employment data released this morning showed the US economy added ... read more

04 August 2016 - CAD Inching Higher

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD opens the North American session near the lower end of recent range at 1.3060. The market is quiet this morning as Traders await the all... read more

03 August 2016 - CAD is Flat this Morning

By Calvin Kuk
US Dollar vs Canadian Dollar: The CAD is flat this morning trading around yesterday`s close. US ADP Non-Farm Employment came in slightly better than expected at 179K this morning... read more

02 August 2016 - USD Continues to Weaken

By Calvin Kuk
US Dollar vs Canadian Dollar: The USD/CAD is lower this morning as the USD continues to weaken following last week’s poor data showing. The USD currently buys 1.3055 Canadi... read more

29 July 2016 - US GDP well below expectations

By Frederick Cheng
US Dollar vs Canadian Dollar: USD/CAD opens the final session of the week lower at 1.3125 as market react to fundamental data announcements this morning. The US GDP was released ... read more

28 July 2016 - Fed Leaves Overnight Rate on Hold.

By Calvin Kuk
US Dollar vs Canadian Dollar: WTI crude oil breaks below 42.00 dpb and traded as low as 41.67 dpb today. After the FOMC announcement and statement yesterday, the market is facto... read more

27 July 2016 - FOMC Rate Decision at 14:00 EST

By Calvin Kuk
US Dollar vs Canadian Dollar: WTI crude oil has declined for the fifth straight day to 42.53 dpb, as over supply seems to be the catalyst. We have weekly crude oil inventories at... read more

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