CAD Retraces Overnight Losses

By / October 6, 2017

Friday, October 6, 2017 Good morning, The CAD is recovering slightly after hitting a new low for the week in European and Asian trade.  News was mixed out of Canada with Employment Change missing the 13.9K forecast coming in at 10.0K while Unemployment Rate was a narrow beat at 6.2% vs. the expected 6.3%.  Ivey PMI was the… Read more

CAD Tumbles on Poor Fundamentals

By / October 5, 2017

Thursday, October 5, 2017 Good morning, The CAD started the morning touching new lows for the week, but has since clawed its way back and now sit down about half a cent since yesterday’s close.  News disappointed out of Canada with Trade Balance numbers missing the -2.6B forecast coming in at -3.4B.  This is the third month in… Read more

CAD Consolidates Yesterday’s Gains

By / October 4, 2017

Wednesday, October 4, 2017 Good morning, The CAD built on yesterday’s gains overnight but has since given up a little bit of ground now trading close to where we opened the week.  There is no news to report on again this morning out of Canada.  Crude has responded minimally to a surprise draw of 6M barrels and still… Read more

CAD Regains Footing After Yesterday’s Losses

By / October 3, 2017

Tuesday, October 3, 2017 Good morning, The CAD has gained some ground since yesterday’s lows on a morning absent of fundamental news.  News has been relatively quiet out of Canada so far this week and continues that trend until Thursday’s Trade Balance numbers.  Today’s speech by Council Member Leduc could provide some basis for CAD movement. The USD… Read more

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… Read more

Back to Top