CAD Retraces Early Losses

By / September 14, 2017

Thursday, September 14, 2017 Good morning, The CAD is trading within the range we saw yesterday after retracing a sharp temporary drop this morning.  NHPI numbers impressed out of Canada coming in ahead of the 0.3% forecast at 0.4%.  This wraps up the week’s news leaving the CAD at the mercy of overall sentiment as well as crude,… Read more

CAD Tumbles to Week’s Low

By / September 13, 2017

Wednesday, September 13, 2017 Good morning, The CAD has dropped off sharply today on sentiment and with a large build in crude oil inventories.  The reported inventory build soared to 5.9M barrels compared to the expected 4.1M barrels.  We have seen a drop of over half a cent since earlier this morning.  Tomorrow’s NHPI data is the last… Read more

CAD Struggles into North American Open

By / September 12, 2017

Tuesday, September 12, 2017 Good morning, The CAD is struggling slightly down almost half a cent since the highs seen overnight.  Fundamental releases were absent this morning leaving the CAD relying on the overall sentiment of investors as well as the path of crude.  News out of Canada is quiet until Thursday morning. The USD is firmer this… Read more

CAD Trades Within Recent Range

By / September 11, 2017

Monday, September 11, 2017 Good morning, The CAD is up slightly from the open but trading within the range we have seen over the past week.  Fundamentals were quiet and limited to second tier Housing Start numbers which were a healthy beat coming in at 223K vs. the expected 216K.  News out of Canada is relatively quiet now… Read more

CAD Retreats Slightly After Touching Fresh High

By / September 8, 2017

Friday, September 8, 2017 Good morning, The CAD is showing strength but has slipped slightly after touching fresh highs earlier this morning.  Fundamentals were impressive coming out of Canada which has further bolstered the CAD’s recent run.  Employment Change was a healthy beat reporting at 22.2K vs. the expected 17.8K while Unemployment Rate came in at 6.2% against… Read more

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