– Bank of Japan leaves rates unchanged-blames tariff uncertainty. – S&P 500 futures soar in holiday-thinned markets – US dollar grinds higher USDCAD: open 1.3823, overnight range 1.3784-1.3825, close 1.3801, WTI 56.70, Gold 3218.69 The Canadian dollar gave back some of yesterday’s gains after the US caught a bid in overnight markets Yesterday Statistics Canada … Read more
– US data eyed for details of Trump’s tariff fall-out. – Eurozone data dump largely ignored – US dollar grinds out gains-CAD and MXN outperform USDCAD: open 1.3834, overnight range 1.3817-1.3847, close 1.3834, WTI 60.06, Gold 3275.34 The Canadian dollar is inching higher in subdued trading conditions ahead of this morning’s US and Canadian economic … Read more
– Carney leads Liberals to victory—opposition leaders lose their seats. – US JOLTS data and Consumer Confidence put the focus on recession risks. – US dollar opens higher compared to close. USDCAD: open 1.3847, overnight range 1.3808-1.3872, close 1.3829, WTI 61.20, Gold 3310.44 The Canadian dollar remains trapped in its well-defined range as traders remain … Read more
– Cautious start to trading ahead of key US data this week and month end flows. – Global equities rise on improved risk sentiment. – US dollar dips on improved risk sentiment. USDCAD: open 1.3872, overnight range 1.3850-1.3893, close 1.3856, WTI 62.72, Gold 3274.26 The Canadian dollar continues to drift aimlessly with the same range … Read more
– China and US talk about lowering some tariffs on some goods. – Canada Retail Sales -Ex autos forecast -0.4% (previously 0.2% m/m) – US dollar catches a bid-JPY underperforms. USDCAD: open 1.3891, overnight range 1.3845-1.3893, close 1.3857, WTI 62.43, Gold 3292.57 The Canadian dollar dropped in the wake of fresh US dollar demand vs … Read more
– Renewed trade fears turn sentiment bearish. – US Durable Goods Orders and weekly jobless claims on tap. – US dollar consolidating yesterdays gains but opens on the defensive. USDCAD: open 1.3844, overnight range 1.3840-89, close 1.3881, WTI 62.64, Gold 3376.71 The Canadian dollar is giving back yesterday’s gains on the heels of Trump’s latest … Read more
– Risk sentiment turns positive as Trump back-tracks on Powell. – Stock markets rally and Treasury yields sink – US dollar rallies but CAD and MXN outperform USDCAD: open 1.3805, overnight range 1.3798-1.3861, close 1.3815, WTI 64.54, Gold 3318.08 The Canadian dollar has whip-sawed in a 1.3780-1.3860 range since Monday with traders struggling to find … Read more
– S&P500 futures point to positive day on Wall Street – Gold prices flirt with $3500.00 – US dollar grinding out gains. USDCAD: open 1.3839, range Fri.-Mon. 1.3793-1.3847, close 1.3842, WTI 63.51, Gold 3455.13 The Canadian dollar is giving back yesterday’s gains as traders book some profits. The rally is entirely a US dollar story … Read more
– Trump’s threat to fire Powell tanks greenback. – China Leaves benchmark rates unchanged – US dives across the board. USDCAD: open 1.3797, overnight range 1.3781-1.3851, close 1.3848, WTI 62.14 Gold 3394.83. The Canadian dollar soared in extremely thin overnight trading as most of the major trading centers were closed for Easter Monday. Those closures … Read more
– BoC left rates unchanged, and Loonie rallied – Fed Chair Powell fears higher inflation. – US trading defensively in narrow ranges USDCAD: open 1.3892, overnight range 1.3855-1.3897, close 1.3858, WTI 63.16, Gold 3321.41 The Canadian dollar has had a topsy-turvy 24 hours and opened today about 100 bps higher than yesterday. That is because … Read more