January 31, 2018

    CAD Retains Strong Undertone

    By / January 31, 2018

    Wednesday, January 31, 2018 The CAD is strong and extending to fresh highs against the USD ahead of this afternoon’s Fed announcement. News was positive out of Canada with RMPI data beating the -2.2% forecast coming in at -0.9% while IPPI came out ahead of the expected -0.2% at -0.1%. The big release on the… Read more

    CAD Retraces Overnight Losses

    By / January 30, 2018

    Tuesday, January 30, 2018 The CAD has retraced most of its overnight losses and is now trading within the range we saw to start the day Monday. No news this morning out of Canada is leaving most of the movement today due to speculation on crude and on tomorrow’s Fed meeting out of the US…. Read more

    CAD Quiet to Open Trading Week

    By / January 29, 2018

    Monday, January 29, 2018 The CAD is starting the morning down slightly from the close last week but trading well within the recent range. No news to report on out of Canada is leaving the biggest near term risk to continuing NAFTA headlines. Fundamentals are quiet until Wednesday’s GDP numbers in the AM. The USD… Read more

    CAD Ends Week in Range

    By / January 26, 2018

    Friday, January 26, 2018 The CAD has had a bit of a rollercoaster morning bouncing about half a cent up and down since the North American open. CPI data disappointed coming in at -0.4% vs. the expected -0.3%. Core CPI fell by 0.5% compared to last month’s -0.1%. The USD is struggling again and down… Read more

    USD Continues to Struggle

    By / January 25, 2018

    Thursday, January 25, 2018 The CAD has continued to benefit from the overarching USD weakness we have seen this week.  News was mixed with Core Retail Sales coming in ahead of the 0.8% forecast at 1.6%, while Retail Sales missed the 0.7% marks at 0.2%.  Crude has now settled just below the $66 mark.  Tomorrow’s CPI numbers headline… Read more

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