Tag Archives: CAD
CAD Mid-day Analysis
The bull camp in the Canadian has to be discouraged by the lack of positive reaction toChinese data overnight. Clearly the pace of Chinese growth is still in question and
CAD Mid-day Analysis
A tempering of economic expectations toward China and Europe combines with weaknessin oil and metals for a corrective mentality in the Canadian Dollar.
BOC To Keep Key Rate At 1.0% On Wed; Hold Steady On Outlook
Give or take a decimal point or two, the Bank of Canada and economist market watchers generally believe that Canada’s economy will grow by 2.5% this year and next, an outlook the central bank should confirm on Wednesday.
CAD Mid-day Analysis
A slight failure on the charts to start the new trading week suggests that a risk off vibe hasdrifted back into the equation. We see solid support in the Canadian down at
The Week Ahead in FX
In the week ahead, market watchers will be focusing on speeches by Fed Chair Janet Yellen, as well as reports on U.S. retail sales and housing starts.
CAD Mid-day Analysis
The Canadian appears to be overbought technically and it might be a touch overboughtfundamentally. Critical support today is seen at 91.24 and then again down at 90.94.
CAD Mid-day Analysis
A slight retrenchment following a significant upside breakout on the charts is notsurprising. However, the talking heads in the press have spun the Chinese data into
CAD Mid-day Analysis
The Canadian has been able to consolidate recent gains this morning, and may be settingup for a fresh upside extension over the next few sessions. Last week’s robust Canadian jobs data continues toprovide support,
CAD Mid-day Analysis
A fresh upside breakout in the Canadian puts the currency to its highest level since theFebruary 19th peak. Overt weakness in the US Dollar, news that a referendum in Quebec will be
CAD Mid-day Analysis
After a distinct upside breakout last week, the Canadian has become short termoverbought. With a Chinese holiday overnight, noted follow through weakness in global equities and an election inQuebec,
The Week Ahead in FX
In the week ahead, markets will be focusing on Wednesday’s minutes of the Fed’s most recent policy setting meeting. Monetary policy meetings by the Bank of Japan and the Bank of England will also be closely watched.
Weekly CFTC Trader Positioning Data
On a year-to-date basis the USD has weakened against all of theprimary currencies (with the exception of CAD) accordingly long USD positions have been frustrating.