May 31, 2016

    Volatile Morning to Start US Trading Week

    By / May 31, 2016

    The CAD is mixed but at the level close to where we closed yesterday evening. GDP numbers disappointed showing a greater contraction than forecast coming in at -0.2%. Crude oil is pushing the $50 mark and trying to break through with Thursday’s OPEC meeting looming.   The USD is relatively quiet but chalking up marginal gains against most of its G10 peers. A slew of mixed news this morning starts off the US trading week… Read more

    CAD Struggles in the Open of Trading Week

    By / May 30, 2016

    May 30, 2016 The CAD is soft and trading around the middle of its one week range.  Current Account numbers impressed coming in at -16.8B vs. the -17.4B expectation.  RMPI data disappointed missing its 2.2% forecast coming in at 0.7%.  Tomorrow, GDP numbers will be released setting a tone for CAD’s path this week and perhaps future rate decisions by the BoC. The USD is mixed starting the trading week despite hawkish comments made by… Read more

    What will trigger foreign exchange volatility in the coming year?

    By / May 27, 2016

    There is no question that Canadian businesses have been seriously impacted by the volatility of the currency exchange markets in recent years. Some have reaped unexpected benefits while others have had to scramble against unexpected losses. Even when the exchange rate moves in your favor, it is the unpredictability that remains a concern. According to analysts, this increasing trend of volatility is not likely to simmer down in the near term. Moving forward, the primary… Read more

    CAD Slides on US Fundamentals

    By / May 27, 2016

    The CAD is weak and a notably underperforming most of its G10 peers. No news out of Canada to end the week will leave the CAD vulnerable to Crude and the overall sentiment of the market leading into Janet Yellen’s speech later this morning.   The USD is strong against most retracing much of this week’s losses. Prelim GDP numbers were revised to a higher 0.8% signaling a larger growth than expected. Revised UoM Consumer… Read more

    CAD Surges Early but Gives up Gains

    By / May 25, 2016

    The CAD surged early this morning on the Bank of Canada’s decision to hold rates steady, but has since given up much of its gains. Although a rate cut wasn’t priced in by many market participants, the CAD benefited by over half a cent early this AM. No other significant news is scheduled out of Canada for the remainder of the week, with only corporate profits coming out tomorrow morning.   The USD has dropped… Read more

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