CAD Retraces NAFTA Driven Losses

By / August 23, 2017

Wednesday, August 23, 2017 Good morning, The CAD fairly quiet and trading within the range seen throughout the week.  Slight losses were seen overnight in response to comments about NAFTA but the CAD has since recovered.  No news to report on out of Canada until tomorrow’s second tier corporate profits release. The USD is mixed this morning against… Read more

CAD Makes Gains into the Open

By / August 22, 2017

Tuesday, August 22, 2017 Good morning, The CAD strong and up over half a cent since the levels we saw at the end of the day yesterday.  Core Retail Sales numbers impressed coming in well ahead of the 0.0% forecast at 0.7%.  While Retail Sales numbers fell short coming in at 0.1% vs. the expected 0.2%.  News is… Read more

CAD Surges Trading Near Week’s High

By / August 18, 2017

Friday, August 18, 2017 Good morning, The CAD is strong up over half a cent since yesterday’s lows but in the range seen on Wednesday.  CPI out of Canada was in line with the 0.0% forecast to end the trading week.  Crude has settled in the upper $46 range. The USD is soft but showing only modest losses… Read more

CAD Falls After Overnight Gains

By / August 17, 2017

Thursday, August 17, 2017 Good morning, The CAD is down slightly having given up most of its overnight gains.  News disappointed but was limited to Manufacturing Sales which came in at -1.8% vs. the forecast -1.0%.  Tomorrow we have CPI data to close out the trading week. The USD is strengthening into the North American open, retracing much… Read more

CAD Retraces Most of Week’s Losses

By / August 16, 2017

Wednesday, August 16, 2017 Good morning, The CAD has retraced nearly all of this week’s losses, up almost a cent since the lows seen yesterday morning.  Foreign Securities Purchases out of Canada was a massive disappointment coming in well below the 23.45B at -0.92B and a far cry from last month’s 29.44B.  Crude has made slight losses even… Read more

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