March 30, 2017

    CAD Makes Big Gains on Crude

    By / March 30, 2017

    Thursday, March 30, 2017 The CAD is strong and up over a percent from its Tuesday lows on the back of a strong surge in crude. RMPI data out of Canada impressed coming in ahead of the 0.8% expectation at 1.2%. Tomorrow is a very important day for Canada as GDP numbers are released in the AM. The USD started the morning strong against most but has since fallen off on mixed news and comments from Trump. Final… Read more

    CAD Finding its Footing as Crude Gains

    By / March 29, 2017

    Wednesday, March 29, 2017 The CAD is down slightly on the morning but trading up from the average we have seen this week. No news out of Canada is leaving the CAD vulnerable to the path of oil. Crude has now made gains and trades over the $49 mark on a less than expected build of 0.9M barrels. The USD is relatively quiet and trading within a narrow range with most of the G10 currencies. Pending Homes Sales… Read more

    CAD Gives up Early Gains

    By / March 28, 2017

    The CAD is strong having made gains off of the lows seen overnight and trading in the range we saw at the week’s open. No fundamentals to report on leaves BoC Governor Poloz’s speech the only dialogue out of Canada today. Crude has made slight gains due to a production decline out of Libya and now trade over the $48 mark. The USD traded higher overnight in the European and Asian sessions but has since… Read more

    CAD Quiet on News Free Morning

    By / March 27, 2017

    The CAD is quiet but under performing most as crude continues to sink, now trading just above the $47 range. No fundamental news today starts a relatively quiet week with Friday’s GDP release headlining the week of news. The USD is up slightly against the CAD but overall struggling after Trump’s AHCA defeat at the end of last week. No news out of the US is leaving any movement based on the overall tone of… Read more

    CAD Quiet and Trading in Recent Range

    By / March 23, 2017

    The CAD is quiet following yesterday’s federal budget which was largely a “wait and see” on what Trump may do in the coming months. We are trading just up from the levels seen at the beginning of the week with focus now on Friday’s CPI data. No news to report on today will leave the CAD following the path of oil and reacting to overall sentiment.   The USD is trading slightly higher against most… Read more

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