September 30, 2016

    CAD Trading in Range with News and Crude Quiet

    By / September 30, 2016

    The CAD is range bound and trading at levels we have seen most of the week. GDP numbers came out ahead of their 0.3% expectation at 0.3% while RMPI also impressed coming in at 0.7%. This has been the bulk of news for Canada this trading week as the CAD has performed based on the broader tone as well as the path of crude the past few trading days. The USD quietly gaining strength against… Read more

    CAD Tumbles Further on Crude and Fed

    By / September 28, 2016

    The CAD is tumbling after oil has taken a hit and now sits back in the mid $45 range. No news out of Canada again today leaves the CAD vulnerable to the broader tone as well as the path of oil.   The USD strong again and outperforming the other G10 currencies on a morning of positive news. Core Durable Goods Orders came in just above its -0.5% forecast at -0.4% while Durable Goods Orders… Read more

    CAD Weakens with Oil and Sentiment

    By / September 27, 2016

    The CAD is weak and down about a percent since yesterday’s open. Again the news week is quiet out of Canada with investors waiting for Friday’s GDP numbers as the main fundamental release. The CAD’s path will likely remain vulnerable to crude as well as relative central bank policy.   The USD strong and outperforming most on the back of some encouraging news. CB Consumer Confidence was a massive beat coming in well above the… Read more

    USD Drops Over 2% in the Wake of Fed Announcement

    By / September 22, 2016

    The CAD has made significant gains in the wake of yesterday’s Fed meeting. Now trading over 2% higher than yesterday morning, the CAD is looking to make further gains on a morning absent of fundamental releases.   The USD is feeling extreme pressure after yesterday’s hold on rates by the FOMC. Although Fed Chair Yellen hinted at a December hike with consistent data, the market saw a heavy selloff throughout yesterday afternoon and overnight. Fundamentals… Read more

    Markets Hesitant Ahead of Fed Decision

    By / September 21, 2016

    The CAD is weakening after touching fresh highs for the week overnight. Oil has stayed relatively flat even with a large draw in oil inventories. Expectation was for a growth of 3.2M barrels with actual inventories reportedly dropping by 6.2M barrels. Wholesale Sales out of Canada reported in line with their 0.3% forecast.   The USD is feeling some pressure as we head into the Fed meeting at noon today. The market is expecting a… Read more

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