Tag Archives: CAD
CAD Mid-day Analysis
The Canadian remains vulnerable to more declines as global macroeconomic sentimentremains suspect.
CAD Mid-day Analysis
Not surprisingly the Canadian is undermined by the deterioration of Chinese economicexpectations. It is also possible that disappointing Canadian economic news from last week has left the Canadianout of favor.
The Week Ahead in FX
In the week ahead, rate announcements by the Bank of Japan and the Reserve Bank of New Zealand will be in focus. The U.S. is to publish what will be closely watched data on retail sales and consumer sentiment.
Weekly CFTC Trader Positioning Data
The net long USD position — at $13.7bn — narrowed for the fourth consecutive week but most positions remain relatively neutral, close to the median of the last 52-weeks.
CAD Mid-day Analysis
With the March Canadian sitting 150 points above the recent lows into critical data fromboth sides of the border today, one might expect a volatility event of sorts.
CAD Mid-day Analysis
Apparently the view toward the Canadian economy is improved as the Canadian hasmanaged a fresh upside breakout on the charts in the wake of dovish BOC comments yesterday.
CAD Mid-day Analysis
The Canadian is in a similar position as the Pound in that it needs to see classic globaleconomic optimism to reject the sub 90.00 zone and reverse the September 2013 to January 2014 down trend!
Employment, weather and FX reactions
Heading into this week’s employment data investors may attribute weaknumbers to the weather.This view is not entirely unjustified.
CAD Mid-day Analysis
If the smoke from the Ukraine actually clears, the Canadian Dollar might be able to holdabove the late February lows. With a slight improvement in Canadian manufacturing growth,
CAD Mid-day Analysis
Not surprisingly, the Canadian is undermined by the risk off Ukraine flap. However, theCanadian might also be partially off balance today because Chinese data continues to be uninspiring.
The Week Ahead in FX
In the week ahead, investors will be anticipating Friday’s U.S. nonfarm payrolls report for an indication of the strength of the recovery in the labor market.
Weekly CFTC Trader Positioning Data
The net long USD position — at $13.7bn — narrowed for thefourth consecutive week but most positions remain relatively neutral,close to the median of the last 52-weeks.