CAD Retraces Early Losses

By / February 14, 2018

Wednesday, February 14, 2018 The CAD started the morning down about half a cent from yesterday’s open but has since clawed its way back and retraced all of its losses. Again news was quiet with most movement coming to fundamentals out of the US. Crude Oil Inventories showed a build of 1.8M barrels vs. the… Read more

CAD Trades Just Above Yesterday’s Lows

By / February 13, 2018

Tuesday, February 13, 2018 The CAD is relatively quiet but consolidating close to yesterday’s lows against the USD. No news to report on yet again is leaving the CAD’s movement to overall market sentiment as well as oil. Crude has now fallen well below the $59 mark. The USD started the morning struggling against most… Read more

CAD Up Slightly to Start Week

By / February 12, 2018

Monday, February 12, 2018 The CAD is slightly higher to start the trading week with no fundamental releases scheduled. News is very limited ahead of Wednesday’s ADP Non-Farm numbers as well as a speech from Gov Council Member Schembri. The USD is soft against most of the G10 currencies and back on the defensive this… Read more

Canada Posts Worst Job Decline Since 2009

By / February 9, 2018

Friday, February 9, 2018 The CAD has recovered after a falling to a fresh low on fundamentals this morning. Canada posted the biggest job decline since 2009 with much of this likely coming after a rise in holiday employment. Employment Change was an expected gain of 10.3K jobs, while the release showed a decline over… Read more

CAD Continues Losses into the Open

By / February 8, 2018

Thursday, February 8, 2018 The CAD has fallen again and it trading at the worst level against the USD we have seen this year. News was limited to NHPI which disappointed at 0.0% and Housing Starts were a narrow beat coming in at 216K vs. the expected 211K. The housing market is expected to cool… Read more

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