September 29, 2017

    CAD Tumbles on Poor GDP Data

    By / September 29, 2017

    Friday, September 29, 2017 Good morning, The CAD is struggling to hold on to yesterday’s gains on disappointing fundamental data this morning.  GDP numbers were a disappointment coming in at 0.0% with analysts looking for a 0.1% print.  RMPI data was a healthy beat coming in ahead of the 0.4% forecast at 1.0%. The USD is mixed again into the North American open but making gains against the CAD.  News was mixed with Core PCE Price Index missing… Read more

    CAD Finds Footing After BoC Driven Losses

    By / September 28, 2017

    Thursday, September 28, 2017 Good morning, The CAD is consolidating and retracing some of its Poloz driven losses into the open today.  Yesterday’s comments from BoC Governor Poloz saw the CAD drop sharply over a full cent.  News was again quiet this morning with the next fundamental release coming in tomorrow morning’s GDP and RMPI releases. The USD is mixed this morning showing strength against most commodity based currencies while falling against many others.  Final GDP impressed coming… Read more

    CAD Retraces Losses and Trades in Range

    By / September 26, 2017

    Tuesday, September 26, 2017 After starting off the morning soft and testing fresh lows, we have seen the CAD bounce back to levels seen throughout the day yesterday.  News was again absent leaving the Loonie responding to sentiment and crude, which has now settled in the mid-$51 range. The USD has seen broad strength into the North American open with most movement largely guided by Fed speak.  Fundamental releases were mixed with CB consumer Confidence coming out in… Read more

    CAD Quiet to Start Trading Week

    By / September 25, 2017

    Monday, September 25, 2017 The CAD is fairly quiet into the North American open but up slightly on the day.  News was absent today with no fundamental releases to report on out of Canada.  Releases are scarce out of Canada until Wednesday when Poloz has booked not only a speech but also a press conference following his speech. The USD is showing strength against most of the G10 currencies but is overall relatively quiet to start the trading… Read more

    CAD Trends Higher After Fed Driven Losses

    By / September 21, 2017

    Thursday, September 21, 2017 Good morning, The CAD has shown little change overnight moving up about a quarter cent after suffering substantial losses yesterday after the Fed announcement.  Impressive fundamental news has done little for the CAD as far as strength.  Wholesale Sales came out well above the expected -0.7% reporting at 1.5%. The USD is mixed after seeing a nice bounce yesterday on a change of tune by the Fed.  Yellen and the FOMC hinted at a… Read more

Back to Top