January 31, 2017

    CAD Continues Gains into North American Open

    By / January 31, 2017

    Tuesday, January 31, 2017 The CAD is continuing its gains from yesterday now up over a percent on the week. GDP numbers impressed coming in ahead of the 0.3% expectation at 0.4%. RMPI data also impressed coming in well ahead of the 2.9% forecast at 6.5%. IPPI was the lone miss on the day coming in just under the expected 0.5% at 0.4%.   The USD started the morning trading in a relatively narrow range… Read more

    CAD Surges to Start Trading Week

    By / January 30, 2017

    Monday, January 30, 2017 The CAD has made gains of over half a percent already this morning even with crude falling almost a full percent. No fundamentals to report on today ahead of tomorrow morning’s all important GDP release.   News out of the US was mixed today reversing the early morning gains that the USD was enjoying. Core PCE Price Index came out in line with its 0.1% forecast while Pending Home Sales were… Read more

    CAD Gives up Some Gains, Trades in Range

    By / January 26, 2017

    Thursday, January 26, 2017   The CAD has given up some of its gains this morning but still trading within the range seen the past couple of trading sessions. No news again out of Canada is leaving the Loonie reacting to headlines out of the US as well as speculation on upcoming NAFTA policy changes.   The USD is benefiting from short-term yield spreads turning supportive even with a slew of mostly negative fundamentals today…. Read more

    CAD Surges on Trump Executive Order Expectations

    By / January 24, 2017

    The CAD has made significant gains of almost 2% since the beginning of the week on the back of mixed data and executive orders from newly inaugurated Trump. No news out of Canada today to report on has the CAD trading higher with crude which has now settled in the lower $53 range.   The USD is weak and falling against most G10 currencies after showing signs of consolidation earlier this morning. President Trump has… Read more

    CAD Makes Gains to Start Quiet Week

    By / January 23, 2017

    The CAD has made slight gains and consolidated around levels just above the range seen last week. News is fairly limited with only Wholesale Sales numbers coming out just under its 0.3% forecast at 0.2%. Fundamentals are quiet the rest of the week with no major releases scheduled.   The USD is softening against all of its G10 peers with no fundamental news releases scheduled. Again news out of the US is quiet with the… Read more

Back to Top