Daily Market Update

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CAD Continues to Struggle in Choppy Trade

Posted on November 14, 2018
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Wednesday, November 14, 2018   The CAD is trading closer to the lower end of this week’s range in very choppy trade thus far. Investor focus is remaining on the broader tone with domestic fundamentals limited this week. Crude has rebounded slightly this morning after the large collapse we saw yesterday.   The USD is retaining its firm undertone against most of the G-10 currencies today with markets seemingly gearing down from the highs seen
Canadian Currency

CAD Struggles as Crude Tumbles

Posted on November 13, 2018
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Tuesday, November 13, 2018   The CAD is struggling and is down from the close last week but has recovered slightly from the lows seen earlier this morning. No news to open the week after yesterday’s bank holiday is leaving any movement to overall sentiment as well as the continuing struggle in oil prices.   The USD is holding onto its firm undertone after surging to its highest price since mid-2017 yesterday in DXY terms.
Canada Usa

CAD Slides After Fed Meeting

Posted on November 9, 2018
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Friday, November 9, 2018   The CAD has weakened on concerns of the continuing fall of oil prices. Trade talks have seemingly hit a road block which is adding to the CAD’s woes. No fundamental releases to report on today will leave any movement to overall market sentiment.   The USD is trading slightly firmer on the morning but is relatively quiet after yesterday’s Fed announcement. No change was made as expected and the tone
Waiting on News

CAD Continues to Trade Sideways Ahead of Fed

Posted on November 8, 2018
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Thursday, November 8, 2018   The CAD has had an uneventful morning thus far and is trading right where we closed the day yesterday. News was limited to second tier releases that came out mixed and did little as far as movement goes. Housing Starts were a narrow beat coming in at 206K vs. the 199K forecast, while NHPI was down from the 0.1% expectation at 0.0%.   The USD is trading slightly firmer on
US Federal Reserve

USD Struggles in Wake of Midterm Elections

Posted on November 7, 2018
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Wednesday, November 7, 2018   The CAD has had a bit of a rollercoaster morning opening up over half a cent but has now settled where we opened the week. New was limited to Ivey PMI which was an impressive beat coming in well ahead of the 50.9 forecast at 61.8. Fundamentals are scarce for the remainder of the week out of Canada.   The USD is struggling against most of the G10 currencies in