February 23, 2017

    CAD regains strength after Fed Minutes

    By / February 23, 2017

    Thursday, February 23 2017 Good morning, Continuing on the whipsaw trading pattern of the past month, the CAD has today regained strength against the USD after the Federal Reserve meeting minutes yesterday. While the Fed stated that the economic data is stable and there is a good case for a rate hike to be made, there is now considerably less chance of a rate hike happening in March. Further gains were made this morning with in line… Read more

    CAD loses ground on Disappointing Data and FOMC Meeting Minutes

    By / February 22, 2017

    The CAD has started to sell off today based on highly disappointing retail sales numbers in Canada. Core Retail Sales m/m came out at -0.3% vs. an expected 0.8%, while overall retail sales printed at -0.5% vs. 0.1% expectation. This indicator continues the data trend pointing towards a lackluster economy in Canada. The major drop in the CAD was tempered through the course of the morning as market participants shifted their focus to speculation on… Read more

    CAD Gives up Early Gains on Fed Comments

    By / February 21, 2017

    The USD has caught a bid from Monday night onwards with a further push due to stellar reports from various US retailers.  Crude prices broke the $54 barrier this morning helping to temper the USD against the CAD. Overall the CAD has dropped about 1% against the USD over the course of this morning.   Economic data for the US has been light today, and no data published for Canada, leaving the USD/CAD susceptible to… Read more

    CAD Retraces Early Morning Gains to Stay in Range

    By / February 16, 2017

    Thursday, February 16, 2017 The CAD is range bound as of late but down on the day about half a percent. No news out of Canada has the CAD reacting to news out of the US as well as the recent path of crude prices. Tomorrow Foreign Securities Purchases are the lone release on the morning. The USD started the morning weaker against most of the major currency pairs but has since found its footing… Read more

    CAD Trades in Range

    By / February 15, 2017

    Wednesday, February 15, 2017 The CAD is trading in the same range as we saw yesterday on some positive fundamental news. Manufacturing Sales numbers were positive coming out well above their 1.4% expectation at 2.3%. Crude Oil Inventories reported a build of 9.5M barrels but has done little to curb oil’s recent strength. The USD has given up early morning gains as Fed Chair Yellen’s testimony continues this morning. A slew of positive news was released… Read more

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