CAD Falls but Trades in Recent Range

By / May 1, 2018

Tuesday, May 1, 2018 The CAD is soft and down over half a cent after seeing slight strength earlier this morning. The morning started with the CAD up and outperforming most of the G10 currencies, but momentum has since reversed and we are now seeing it under pressure. GDP numbers impressed coming in ahead of the 0.3% forecast at 0.4%. BoC Governor Poloz speaks later this afternoon and may provide some basis for further volatility…. Read more

CAD Makes Gains to End Month

By / April 30, 2018

Monday. April 30, 2018 The CAD is solid and up almost half a cent from last week’s close. Fundamentals were positive today adding to the strength seen from WTI. RMPI was a beat coming in well ahead of the 0.6% forecast at 2.1%. While IPPI also impressed coming in at 0.8% vs. the expected 0.2%. The USD is quiet to start the last day of the month and trading in the range we have seen… Read more

CAD Trades Within Range to End Week

By / April 27, 2018

Friday, April 27, 2018 The CAD has recovered slightly from the week’s lows seen overnight. Fundamentals were again absent but with oil holding steady in the $68 range, the CAD has found a basis for some strength. We should see continued support with a progressing NAFTA deal over the coming weeks. The USD is building on gains seen throughout the week on positive fundamentals and overall sentiment. Advance GDP numbers were up from this quarter’s… Read more

CAD Falters After Finding its Footing

By / April 26, 2018

Thursday, April 26, 2018 The CAD is falling after showing signs of firming earlier this morning. No news out of Canada today is leaving the CAD vulnerable to overall sentiment as well as WTI which has clawed back to the $68 range. Fundamentals are absent for the rest of the week out of Canada. The USD is steady and gaining slight ground against most of the G10 currencies as most fundamentals were encouraging. Core Durable… Read more

CAD Continues to Struggle as Crude Falls

By / April 25, 2018

Wednesday, April 25, 2018 The CAD is struggling and feeling pressure from both widening spreads as well as struggling crude prices. Oil inventories showed a build of 2.2M barrels compared with the expected draw of 1.6M barrels pushing WTI back into the low $67 range. Later this afternoon we have a speech from BoC Governor Poloz which may provide some basis for movement as well as insight into the future path of the central bank…. Read more

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