FX Blog

Daily Market Updates & FX News

FX Blog

Daily Market Updates & FX News

FX Blog

Daily Market Updates & FX News

The CAD is making slight gains after being little changed from the close last week on the recent run of positive fundamental releases.  No news today open a very quiet news week ahead of the long weekend and next week’s holiday Monday.  The next release out of Canada comes in Thursday’s Current Account numbers.

The USD is relatively quiet and trading in range even after further comments on the trade war with China were made by Trump over the weekend.  G7 meetings and speeches run throughout the day but are unlikely to cause too much as far as movement is concerned.  Fundamentals were mixed out of the US with Core Durable Goods Orders missing the mark (-0.4% vs. 0.2%) and Durable Goods Orders showing a nice beat (2.1% vs. 1.4%).

The Euro has softened into the week’s open on weak IFO data but is still trading above the closest support level.  Short term signals remain mixed but overall sentiment is that we could potentially see some slight EUR strength in the near term.

Equities are up across the board this morning: the Dow up 0.76%, the S&P up 0.58%, NASDAQ up 0.82% and the TSX up 0.47%.  Crude Oil is up 0.02% this morning (54.18) while Gold is also up 0.41% ($1,533.23).

Olympia Trust Foreign Exchange