Tag Archives: CAD
CAD Mid-day Analysis
The Canadian bulls have to be discouraged by the lack of recovery action in the Canadianthis morning in the wake of the sharp slide in the Dollar.
CAD Mid-day Analysis
Weaker equities, expectations of weak US data, a port workers strike and fears of hawkishUS Fed talk later this morning, should leave the bear camp with an edge in the Canadian.
CAD Mid-day Analysis
With the rejection of the spike down move earlier this week it might be clear that theCanadian has found some form of long term value. Positive action in energies and
CAD Mid-day Analysis
The short covering effort in the Canadian seems to be running out of fuel but someresidual weakness in the US Dollar off scheduled US data flows later this morning might provide a minor C$ rallyattempt.
Where to go loco
It’s a truism that all politics are local, but for financial markets globaldevelopments periodically hog centre stage. A clear example was the run-up toFed tapering, which we are now over.
CAD Mid-day Analysis
The corrective dip in the Canadian appears to have run its course, but one might simplyexpect a lack of downside pressure, instead of a recovery in the Canadian.
The Week Ahead in FX
In the week ahead, the euro zone is to release what will be closely watched preliminary data on consumer price inflation. Switzerland is to publish data on fourth quarter growth,
Weekly CFTC Trader Positioning Data
The USD is being traded not as a broad US‐centric theme butinstead with the focus on the local domestic stories. Accordingly sentiment is favouring a fairly mixed USD performance.
Canadian Inflation Rises 1.5 Percent Year Over Year
Statistics Canada says the consumer price index for January rose 1.5 per cent compared with a year ago, driven higher by electricity and gasoline costs.
CAD Mid-day Analysis
As in the Pound, the risk-on vibe in the Canadian doesn’t appear to have come back intoplace with a bounce in equities. US data was somewhat comforting but slack UK retail sales data overnight and
CAD Mid-day Analysis
The deterioration in global economic views combined with a surprise shift in US Feddialogue to yank the rug out from under the Canadian.
CAD Mid-day Analysis
Ongoing weakness in the Dollar has given a residual lift to the Canadian and the presenceof more overtly weak US data might be expected to add to the upward action in the Canadian.