CAD Retraces Some of the Week’s Losses

By / April 26, 2017

Wednesday, April 26, 2017 Good morning, The CAD has retraced some of yesterday’s substantial losses up over half a cent from the lows we saw Tuesday.  News was mixed out of Canada with Core Retail Sales coming in just ahead of the -0.2% forecast at -0.1% while Retail Sales were a massive miss reporting at -0.6% vs. the… Read more

USD Surges to 14 Month High

By / April 25, 2017

Tuesday, April 25th, 2017 Good morning, The CAD has fallen over a cent against the USD since yesterday morning.  Newly imposed tariffs on softwood lumber as well as the threat of more taxes on Canadian dairy products have provided the catalyst for this move.  The EUR has also catapulted to the highest levels seen since November 2016 against the… Read more

CAD Gives up Early Gains, Trades Within Recent Range

By / April 24, 2017

Monday, April 24, 2017 Good morning, The CAD has lost its early morning gains and now trades in the range seen at the end of last week.  Fundamental news disappointed with Wholesale Sales numbers out of Canada coming in well below the expected 2.1% at -0.2%. The USD is mixed but has recovered from its early morning weakness… Read more

CAD Consolidates Losses as Crude Slides

By / April 20, 2017

Thursday, April 20, 2017 Good morning, The CAD is flat and has consolidated its losses so far this week down over 2 cents wince the highs seen on Monday.  No news again has the CAD relying on crude for any movement which has now fallen to the mid $50 range.  Tomorrow is an important day for news with… Read more

CAD Continues Losses into Open

By / April 19, 2017

Wednesday, April 19, 2017 Good morning, The CAD has continued its tumble this morning now down over 1.5 cents on the week.  No fundamental news to report on leaves Gov Council Member Wilkins’ speech later this morning the sole verbiage out of Canada.  Oil now sits just above the $52 mark. The USD is strong and outperforming all… Read more

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