July 31, 2017

    CAD Soft to Start Trading Week

    By / July 31, 2017

    Monday, July 31, 2017 Good morning, The CAD is soft to start the week and down over half a cent from the close last week.  Data disappointed this morning with RMPI missing the -3.2% forecast coming in at -3.7% while IPPI also disappointed coming in at -1.0% vs. the expected -0.3%.  News is relatively quiet this week until Friday’s employment and trade balance data. The USD is showing broad strength as it has improved over most of its… Read more

    CAD Retraces Yesterday’s Fed Driven Gains

    By / July 27, 2017

    Thursday, July 27, 2017 Good morning, The CAD has lost some of its steam this morning retracing about half of yesterday’s gains.  Again news is absent ahead of tomorrow’s important GDP release in the AM.  WTI has held onto its strength still trading in the higher $48 range. The USD has found its footing after tumbling on yesterday’s FOMC announcement and meeting minutes.  News was mixed but positive overall for the greenback.  Core Durable Goods Orders was a… Read more

    CAD Steady Ahead of Fed Announcement

    By / July 26, 2017

    Wednesday, July 26, 2017 Good morning, The CAD is relatively quiet and trading within a fairly narrow range ahead of the Fed announcement later today.  News was light with only Crude Oil Inventories affecting the CAD and sowing a surprise 7.2M barrel draw vs. the forecast 3.3M barrel draw.  The next important release out of Canada come in Friday’s GDP numbers. The USD is steadying ahead of today’s Fed rate announcement.  The FOMC is expected to hold rates… Read more

    CAD Retraces After Touching Fresh High

    By / July 25, 2017

    Tuesday, July 25, 2017 Good morning, The CAD is fairly quiet and pulling back slightly after touching a fresh 2-year high this morning.  News was absent out of Canada leaving the CAD again vulnerable to the overall sentiment of the market as well as the path of crude.  WTI has made gains and is now trading in the mid-$47 range. The USD is somewhat mixed against most of its major pairs again today but has shown signs of… Read more

    CAD Touches Fresh Multi-Year High

    By / July 24, 2017

    Monday, July 24, 2017 Good morning, The CAD is starting the week off strong even on a morning of quiet fundamental news.  Wholesale Sales numbers impressed coming in ahead of the 0.5% forecast at 0.9%.  We have seen the Loonie breach highs last seen in the middle of 2015.  Crude has settled in the mid-$46 range.  News this week will be important for Canada with GDP numbers being released Friday morning. The USD is mixed against most of… Read more

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