March 31, 2016

    Fundamentals and Sentiment Drive CAD Higher for Fourth Straight Day

    By / March 31, 2016

    The CAD has continued its remarkable rally into the open this morning with weekly gains in the range of 3.5%. Although crude has fallen into the open, positive fundamentals have supported the CAD to multi-month highs. GDP numbers this morning impressed coming in ahead of their 0.3% expectation at 0.6%. Crude has settled around the $38 mark, but the CAD seems to have a disconnect with the usually tightly correlated crude path. The USD is… Read more

    CAD Continues Gains on Yellen’s Dovishness

    By / March 30, 2016

    Wednesday, March 30, 2016   The CAD has made significant gains yet again this morning rising over a percent since yesterday afternoon. The CAD has rallied close to 3% this week on the back of a dovish tone out of the US and mixed fundamental releases. Crude inventories was slightly lower than the 3.1M barrel build that was expected coming out at 2.3M. News is quiet out of Canada today with most investors waiting on… Read more

    CAD Diverges from Crude, Makes Gains

    By / March 29, 2016

    Tuesday, March 29, 2016   The CAD is strengthening again into an odd morning of trading. US fundamentals impressed and crude has softened, yet the CAD has defied these metrics and risen just under half a percent. RMPI out of Canada disappointed coming in at -2.6% vs. the expected -0.8%. News is quiet now until Thursday’s GDP and Unemployment Claims which will be important for the CAD if it looks to continue its recent rally…. Read more

    CAD Makes Gains on Quiet Trading Day

    By / March 28, 2016

    Monday, March 28, 2016 The CAD is strong this morning and consolidating at a level just under a percent higher than the end of last week. No news this morning will leave the CAD vulnerable to oil, which has retraced some of last week’s gains, and now sits just under the $39 range. Tomorrow’s RMPI numbers are the next important release out of Canada.   The USD is soft and looking to push lower after… Read more

    CAD Falls on Crude Slide

    By / March 23, 2016

    Wednesday, March 23, 2016 The CAD has fallen following oil’s early morning slide into the open.  Again there is no news out of Canada leaving only crude oil inventories to affect the CAD.  Inventories have had another big build coming out at 9.4M barrels against the expected 2.5M build.  No fundamentals for the rest of the week will leave the path of the CAD vulnerable to crude and the broader market tone. The USD is strengthening broadly… Read more

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