Tag Archives: CAD
CAD Mid-day Analysis
While a portion of the sharp Canadian Dollar rise this month was the result of massiveweakness in the Dollar, a Canadian trade surplus, a relatively high Purchasing Managers Index result and
CAD Mid-day Analysis
A fresh upside breakout in the Canadian is largely the result of noted weakness in theDollar and for the time being we can’t discount a continuation of that action.
CAD Mid-day Analysis
Like the Pound, the Canadian is vulnerable to corrective action off technical andfundamental shifts. In retrospect, the trade was discouraged by the US monthly payrolls and
The Week Ahead in FX
In the week ahead, market participants will be focusing on Thursday’s ECB monetary policy announcement. Rate reviews by BoE and the Reserve Bank of Australia will also be closely watched.
Weekly CFTC Trader Positioning Data
A quiet week for sentiment, given that Tuesday’s position datefails to incorporate much of the event risk that followed. The pullback in all of the long positions underscores this anticipation.
CAD Mid-day Analysis
While the Canadian will have to wait until next Friday for their own jobs data, it shouldreceive a moderate boost from a positive reception for US Payroll numbers this morning.
Beware, These Extended FX Positions Are Vulnerable In May
Large currency exposures tend to be scaled back between May and August according to BNP Paribas’ FX Positioning Analysis.
CAD Mid-day Analysis
Overt strength in the Euro and Pound combined with a Chinese holiday has left theCanadian out of favor. Apparently the Canadian is undermined by weak US economic data,
Week Of The Dollar Or Weak Dollar?
In a note to clients today, Goldman Sachs continues to layout the argument for why the Dollar should strengthen over the coming year, especially against other G10 currencies.
CAD Mid-day Analysis
Even hints that rate cuts aren’t off the table has failed to knock the Canadian back from itssharp gains forged on Tuesday. With BOC officials suggesting that the Canadian is historically high and
CAD Mid-day Analysis
A noted range up extension in the June Canadian overnight might be the result ofanticipation of a slight drift toward more hawkish policy ahead from the BOC.
CAD Mid-day Analysis
Apparently seeing ongoing gains in the Pound, Swiss and Euro and ongoing declines inthe Dollar hasn’t translated into buying interest in the Canadian.