December 30, 2015

    Crude Falls on Increase in Inventories

    By / December 30, 2015

    The CAD has continued to consolidate close to its 2-week moving average, driven mostly by oil prices. Crude Oil Inventories were reported as a build of 2.6M barrels with the expectation of a drop in 1.8M barrels. Movement is expected to be limited with a shortened trading day coming tomorrow and a bank holiday Friday. The USD is quiet and confined to a fairly narrow trading range as it follows suit with most other majors…. Read more

    Markets Quiet after Holiday Season

    By / December 29, 2015

    The CAD is soft falling to the mid-point of its recent trading range into what should be a quiet trading week. Oil prices have shown some signs of stabilization at their current levels between $36 and $38. The absence of domestic data this morning will leave the CAD vulnerable to the broader tone as well as news out of the US. The USD is quiet with a relatively quiet news morning out of the holiday… Read more

    Quiet Day into Holiday Break

    By / December 24, 2015

    The CAD is up this morning on a steadying in oil prices and a quiet news day. No news out of Canada will leave CAD vulnerable to other factors on what is expected to be a quiet day ahead of Christmas tomorrow. The USD has fallen against the CAD even with in-line Unemployment Claims coming out at 267K. Again volatility and movement is expected to be minimal with an early close to the markets. The… Read more

    CAD Makes Gains on Crude Oil Rally

    By / December 23, 2015

    The CAD has made firm gains on the back of increasing oil prices as well as mixed fundamental releases. Retail and Core Retails Sales data as well as GDP numbers were all improvements on their previous releases. GDP came out at a stagnant 0.0% showing no growth but more importantly no contraction. Retail and Core Retail Sales came out at 0.1% and 0.0% respectively. No news for the rest of the week and into the… Read more

    Markets Quiet ahead of Christmas Season

    By / December 22, 2015

    The CAD is quiet into the holiday season ahead of some key releases tomorrow. GDP and Retail Sales numbers coming out tomorrow will be important to shape some expectations for the BoC in January’s policy meeting. The CAD is expected to trade within its recent range throughout the Christmas break and into the New Year, barring any unexpected events. The USD continues to hold firm yet has edged down slightly overnight. Final GDP numbers did… Read more

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