June 29, 2017

    CAD Consolidates Week’s Gains

    By / June 29, 2017

    Thursday, June 29, 2017 Good morning, The CAD has consolidated its week’s gains and sits near the top of it range.  No news to report on today is leaving the CAD’s path at the mercy of expectations as well as crude.  WTI has made solid gains and is now trading close to the $45 level.  Speculation continues as more and more investors seem to be pointing to a rate hike by the Bank of Canada as early as… Read more

    CAD Continues Gains on BoC Comments

    By / June 28, 2017

    Wednesday, June 28, 2017 Good morning, The CAD has surged again and is now trading at the highest levels since February.  Bank of Canada Governor Poloz hinted that the central bank may be considering higher interest rates.  Swaps trading is hinting that investors are putting a 60% of a Canadian rate hike next month. The USD is down on the day and weakening against most of its G10 peers.  The USD is struggling as other nations are gaining… Read more

    CAD Starts Week Strongly

    By / June 26, 2017

    Monday, June 26, 2017 Good morning, The CAD has retraced some of its early gains today but is still trading at levels just above the close last week.  No news out of Canada leaves any movement to crude as well as overall sentiment.  Oil is now trading just above the $43 mark. The USD is mixed but down against most after fundamental data failed to impress.  Core Durable Goods Orders as well as Durable Goods Orders missed their… Read more

    CAD Retraces Early Losses

    By / June 23, 2017

    Friday, June 23, 2017 Good morning, The CAD has retraced much of its early losses even in the face of disappointing CPI data this morning.  CPI came is at a dismal 0.1% down from the expected 0.2%.  Crude has consolidated again around the $43 mark to end the week. The USD is trading down against most of the G10 currencies but is fairly quiet overall.  No first tier news to report on leaving only Flash Services PMI and… Read more

    CAD Surges on Impressive Retail Data

    By / June 22, 2017

    Thursday, June 22, 2017 Good morning, The CAD surged this morning erasing all of this week’s losses.  News was impressive out of Canada with both Retail Sales and Core Retail Sales numbers beating their expectations by 0.5% and 0.9% respectively.  Crude has also made solid gains today consolidating just over the $43 level.          The USD is mixed again and quiet, trading within a relatively narrow range.  News was limited to Unemployment Claims which came in as expected… Read more

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