December 28, 2016

    CAD Slides Further Before Holiday Break

    By / December 28, 2016

    The CAD continues its downward spiral this morning on the back of extremely disappointing GDP numbers and positive US data. GDP came in at a very disconcerting -0.3% showing a contraction with the expectation of 0.1%. This concludes the news before Christmas, markets will now be closed until December 28th.   The USD is mixed on an overall quiet morning of trade. New Home Sales impressed coming in well above the 575K expectation at 592K… Read more

    CAD Gives up Gains but Trades in Recent Range

    By / December 22, 2016

    The CAD has given up some of yesterday’s gains but is still trading within the range we have seen this week. News is absent out of Canada today leaving the CAD vulnerable to the path of oil which has fallen to the low $53 range.   The USD is relatively quiet against most of its G10 peers with news again fairly muted into the North American open. Existing Home Sales impressed coming in ahead of… Read more

    CAD Makes Gains on Crude and Fundamentals

    By / December 20, 2016

    The CAD has strengthened marginally this morning but is still trading close to the levels we saw at the open yesterday. Only Wholesale Sales numbers were released this morning at an impressive beat of 0.8% and is the last release until Thursday’s CPI and Retail Sales numbers. This leaves the CAD’s path relying on crude and the overarching tone from the market. Crude has seen some solid gains and now sits in the mid $52… Read more

    CAD Holds Soft Undertone to Start Week

    By / December 20, 2016

    The CAD is weaker this morning as it continues to have a weak undertone with an absence of any news or data. This week does hold some domestic risk with CPI data, Retail Sales and GDP numbers all being released. Crude has consolidated right at the $52 mark.   The USD is trading higher against its G10 counterparts ahead of Fed Chair Yellen’s speech later on this morning. Flash Services PMI was a miss this… Read more

    CAD Trades Within Range Ahead of Fed

    By / December 13, 2016

    The CAD is trading in the range we saw yesterday even with crude falling back into the mid-$52 range. No news today will leave the CAD vulnerable to the path of crude as well as anticipation by market participants ahead of tomorrow’s Fed meeting. The USD has firmed slightly on another quiet morning with regards to fundamentals. Only Import Prices were released this morning coming out in line with their -0.3% expectation. Tomorrow we have… Read more

Back to Top