June 30, 2016

    CAD Trading Flat to End Week

    By / June 30, 2016

    The CAD is flat to trading levels seen yesterday on a morning of in line news. GDP numbers failed to cause a stir coming in as projected at 0.1% growth. This figure does not include the decline in production due to the Fort McMurray fires which will show up in the next report.   The USD is mixed but rising overall against most G10 currencies. Numbers impressed this morning with Chicago PMI coming in well… Read more

    CAD Makes Gains on Crude

    By / June 29, 2016

    The CAD has risen modestly overnight capping a 1% rally from yesterday morning’s lows. Still no domestic releases slated for this week until Thursday’s GDP numbers. Crude oil has helped the CAD in its rally settling over the $49 mark on a nice drop in inventories.   The USD is struggling as the market continues to digest the post Brexit environment. Core PCE Price Index and Personal Spending both came in at their respective 0.2%… Read more

    CAD Gives up Overnight Gains on US Fundamentals

    By / June 28, 2016

    The CAD has given up most of its overnight gains into a news free North American open. The CAD made gains of almost a cent and a half from its lows yesterday but has since given up more than half of those gains on impressive US data. Data out of Canada is very limited this week with Thursday’s GDP report being the last major release before the July 13th BoC policy decision.   After being… Read more

    The UK Shocks the World Voting to Exit the EU

    By / June 24, 2016

    The CAD has tumbled overnight on the market shock from the Brexit vote. The CAD has fallen about 2 cents with overnight losses topping 3.5 cents. There is no fundamental news out of Canada this morning leaving market participant’s focus on the Brexit developments.   The USD is one of a few G10 currencies that have benefited from the Brexit vote with investors fleeing risky assets into so called “safe havens.” Fundamentals disappointed with Durables… Read more

    CAD Makes Gains Ahead of Brexit Reports

    By / June 23, 2016

    The CAD is up just under a cent on speculation of the ongoing Brexit vote. There is no fundamental news out of Canada today or tomorrow leaving the CAD’s path vulnerable to reports on the Brexit vote as well as crude. The USD is under slight pressure with a mixed bag of news coming out this AM. Unemployment Claims impressed coming in well below the expected 271K at 259K while New Home Sales missed the… Read more

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