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Tag: CAD

USD/CAD – Canadian dollar lower, manufacturing sales next

The Canadian dollar has edged lower in the Wednesday session. Currently, USD/CAD is trading at 1.2974, up 0.31% on the day. On the release front, there are key indicators on both sides of the border. Canada releases Manufacturing Sales is expected to decline by 0.6%. In the U.S,  the focus is on construction data. Building […]

Live FX Market Analysis – 16 October 2018 (Video)

It’s been another turbulent week in FX markets with last week’s sell-off suitably spooking investors, Saudi Arabia causing a stir following allegations of murder at its embassy in Turkey, Brexit talks stalling and Italy risking the wrath of the European Commission after submitting its budget. Senior Market Analyst Craig Erlam discusses all of these and […]

USD/CAD – Canadian dollar higher on stronger business optimism

The Canadian dollar has posted gains in the Tuesday session. Currently, USD/CAD is trading at 1.2950, down 0.31% on the day. On the release front, Canadian Foreign Securities was dismal, with a gain of just C$2.82 billion. This was much smaller than the estimate of C$10.05 billion. In the U.S, there are on major events […]

The buck cannot find a bid

Tuesday October 16: Five things the markets are talking about The ‘big’ dollar came under pressure yesterday and is finding it difficult to gain much traction this morning as investors taking profit on U.S assets outweighs concerns about Italy, Brexit and a Sino-U.S trade war. Furthermore, twin U.S deficits and prospects of a halt in […]

USD/CAD Canadian Dollar Higher as BOC Business Survey Boosts Optimism

The Canadian dollar surged on Monday. The loonie is trading higher by 0.21 percent at 1.2992. The US dollar lost traction earlier in the session with the release of the US retails sales data for September. Core and headline US sales were lower than the forecast and the loonie was boosted the by the release […]

U.S retail sales increase less than expected in September

U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years. The Commerce Department said on Monday retail sales edged up 0.1 percent last month after a similar gain in August. Economists polled by Reuters had […]

USD/CAD – Canadian dollar trading sideways, US retail reports ahead

The Canadian dollar is unchanged in the Monday session. Currently, USD/CAD is trading at 1.3016, down 0.04% on the day. On the release front, the focus is on retail sales reports. Retail Sales is expected to gain 0.7%, while Core Retail Sales is forecast to climb 0.3%. The U.S Treasury is expected to release the […]

Geopolitical risks and yields dominate proceedings

Monday October 15: Five things the markets are talking about Following a weekend of warnings on global economic fragility from G10 finance leaders at an IMF meeting in Bali, has global equities starting this new week on the back foot, with regional bourses in Asia and Europe seeing red, while U.S equity futures are pointing […]

US Retail Sales to Support Dollar

The US dollar was higher against major pairs on Friday, but not enough to end up the week on positive territory. A stock market rout took its toll on the greenback and the subsequent rebound in stock prices supported the currency ahead of the weekend. Strong US data and a clear interest rate hike path […]

USD/CAD – Canadian dollar edges higher, U.S consumer confidence next

The Canadian dollar has edged higher in the Friday session, following the trend seen on Thursday. Currently, USD/CAD is trading at 1.3011, down 0.18% on the day. On the release front, there are no Canadian events on the schedule. In the U.S, today’s key indicator is UoM Consumer Sentiment, which is expected to remain above […]