January 29, 2016

    Volatile Morning on Important News Day

    By / January 29, 2016

    The CAD made early morning gains on the back of mixed fundamentals as well as some misses out of the US, but has since given up those gains. GDP numbers were encouraging coming out at their 0.3% expectation. RMPI numbers were a disappointing miss coming in at -5.0% vs. the forecast -3.8% while IPPI numbers were a narrow beat coming in at -0.2% against the expected -0.4%. The USD is under pressure again missing its… Read more

    Oil Rallies on Rumors of Upcoming Meeting

    By / January 28, 2016

    The CAD has made early morning gains on the back of a rally in oil prices. Oil has rallied after rumors of a potential OPEC meeting to discuss a reduction in production coming next month was mentioned by Russia’s Energy Minister. OPEC has now come out publicly and said that there is no plan for any sort of meeting with Russia coming next month. Tomorrow is an important news day with GDP coming out at… Read more

    Big Risk Ahead of Fed Announcement

    By / January 27, 2016

    After rallying over half a percent into the open, the CAD has lost most of its gains on positive news out of the US. Fundamentals out of Canada have been relatively muted this week leaving the CAD vulnerable to outside influences and events. The USD is mixed with considerable risk lying in the FOMC announcement later today. Impressive New Home Sales numbers came out this morning beating their 501K estimate at 544K. Crude oil inventories… Read more

    CAD Slides to Open Quiet Canadian Newsweek

    By / January 25, 2016

    The CAD is soft and down about a percent after last week’s remarkable strength. No news out of Canada will leave the CAD vulnerable to the broader tone as well as crude’s retreat from last week’s highs. Domestic risk seems limited with a relatively quiet news week ahead of Friday’s GDP release. The USD is mixed but outperforming most ahead of Wednesday’s all-important Fed Rate announcement. No rate increase is expected this week, but the… Read more

    CAD Continues its Rally on Oil’s Stabilization

    By / January 22, 2016

    The CAD has had a remarkable rally over the last two sessions on the back of Central Bank sentiment and oil price improvements. Fundamentals were mixed out of Canada with CPI and its core counterpart coming in misses of 0.1%. While Core Retail Sales and Retail Sales beat by 0.7% and 1.4% respectively. The USD is mixed but underperforming most in response to market risk sentiment. Fundamentals were positive with Existing Home Sale impressing coming… Read more

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