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GBPUSD tumbles after BoE cuts rates. Fed keeps September rate cut hopes alive. US dollar rebounds from yesterday’s lows. USDCAD: open 1.3833, overnight range 1.3800-1.3836, close 1.3808, WTI $78.52, Gold, $2433.10 The Canadian dollar attempted to rally following the FOMC statement and Fed Chair Powell’s press conference yesterday but was unable to sustain the gains. […]
FOMC decision ahead BoJ hikes rates to 0.25% US dollar opens on mixed note as yen outperforms. USDCAD: open 1.3843, overnight range 1.3834-1.3859, close 1.3850, WTI $76.74, Gold, $2421.14 Loonie’s direction is at the mercy of external developments, including geopolitical tensions and the Federal Open Market Committee meeting today. Geopolitical tensions ratcheted higher again […]
Canadian Dollar rises modestly July 26, 2024. Key US inflation data on tap. Global risk sentiment improves marginally. US dollar gives back some of this weeks gains. USDCAD: open 1.3815, overnight range 1.3807-1.3827, close 1.3826, WTI $77.88, Gold, $2374.23. The Canadian dollar traded sideways but modestly higher in a quiet session ahead of today’s important […]
US politics distracts but has little impact on FX China surprises with rate cuts. US dollar trading with a mild bid. USDCAD: open 1.3744, overnight range 1.3701-1.3748, close 1.3727, WTI $78.52, Gold, $2404.85 The Canadian dollar traded lower throughout the overnight session due to a bout of risk aversion and falling oil prices. US […]
Canada June inflation data on tap. US Retail Sales data is overshadowed by politics. US dollar recoups some losses in uneventful overnight trading. USDCAD: 1.3678, overnight range 1.3674-1.3695, close 1.3682, WTI $80.22, Gold, $2443.05 The Canadian dollar is trading with a negative bias due to broad US dollar demand against the G-10 majors, driven by […]
Greenback rises with Trump presidential odds. JOLTS job-openings and Fed Powell in focus today. US dollar consolidating Monday’s gains. USDCAD: open 1.3731 overnight range 1.3727-56 close 1.3738, WTI $83.92, Gold, $2324.77 The Canadian dollar has had a topsy-turvy few days. Friday’s highly anticipated US Core Price Index data showed inflation cooling to 2.6% y/y […]
BoC July rate cut hopes downgraded. Lots of US data but little interest. US dollar inches higher in quiet overnight session. USDCAD: open 1.3683, overnight range 1.3678-1.3713, close 1.3703, WTI $81.34, Gold, $2312.68 The Canadian dollar is trading like a tourist in Toronto reading a street map upside down. It doesn’t know whether it is […]
Loonie gives back post-CPI gains. Hawkish Fed-speak underpins greenback US dollar opens with gains across the board, except against AUD. USDCAD: open 1.3672, overnight range 1.3650-1.3694, close 1.3659, WTI $81.56, Gold, $2316.48 The Canadian dollar rallied on the heels of a higher-than-expected Canadian inflation report yesterday. May CPI rose 0.6% m/m (forecast 0.3%) and 2.9% […]
Large USDCAD option expiries and Retail Sales ahead. Eurozone PMI’s weaker than expected. US dollar consolidating recent gains in subdued overnight session. USDCAD: 1.3676, overnight range 1.3670-1.3708, close 1.3694, WTI $81.05, Gold, $2325.18 The Canadian dollar crawled higher overnight, which was a quiet start to what should be a busy week. The Bank of Canada […]
Large USDCAD option expiries and Retail Sales ahead. Eurozone PMI’s weaker than expected. US dollar consolidating recent gains in subdued overnight session. USDCAD: open 1.3691, overnight range 1.3674-1.3699, close 1.3700, WTI $81.31, Gold, $2363.81 The Canadian dollar see-sawed in a narrow range overnight. Traders were distracted by Eurozone and UK PMI reports and caution ahead […]
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