CAD Trades in Recent Range to Start Week

By / March 19, 2018

Monday, March 19, 2018 The CAD started the morning just up from a fresh multi-month low through the European trading session. News is light with most focus remaining on the Fed meeting on Wednesday. The first big release out of Canada comes in Friday’s CPI data. The USD is steady but trading slightly lower against… Read more

CAD Falls Again to End Week

By / March 16, 2018

Friday, March 16, 2018 The CAD is weak and down against most as the market digests disappointing trade data this morning. Foreign Securities Purchases were down from the 9.11B expectation coming in at 5.68B. While Manufacturing Sales was also a miss coming in just below the -0.8% forecast at -1.0%. The USD is trading slightly… Read more

CAD Tumbles on Quiet Data Morning

By / March 15, 2018

Thursday, March 15, 2018 The CAD is struggling and down almost a full cent from yesterday’s range. Fundamentals were limited to ADP Non-Farm Employment change which showed a jump from last month’s 10.7K to 32.7K this month. Tomorrow’s Manufacturing Sales numbers and Foreign Securities Purchases headline the news out of Canada. The USD is mixed… Read more

CAD Trades in Range to Open Trading Day

By / March 14, 2018

Wednesday, March 14, 2018 The CAD is quiet and trading within the range we saw throughout the day yesterday. No news to report on is leaving the market’s focus on yesterday’s Poloz driven decline. It is unlikely that the Bank of Canada will raise rates any time soon based on comments yesterday from the Governor…. Read more

CAD Falls on Poloz Comments

By / March 13, 2018

Tuesday, March 13, 2018 The CAD is soft and down almost a full cent on comments from BoC Governor Poloz this morning. Poloz stated that there was still room for the Canadian economy to grow without focusing too much on inflation. This is hinting that there will not be another rate hike from the central… Read more

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