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Carney government survives no-confidence vote-budget passes Equity markets under pressure US dollar trading modestly bid on safe haven demand USDCAD open: 1.4036, overnight range 1.4035-1.4063, close 1.4057, WTI 59.89, Gold 4044.14 The Canadian dollar recovered from its session low after global stocks tumbled ahead of incoming US data. Prime Minister Mark Carney’s government […]
PM Carney faces non-confidence vote today US economic data begins trickling today US dollar trading sideways and opens on mixed note USDCAD open: 1.4032, overnight range 1.4016-1.4039, close 1.4023, WTI 59.96, Gold 4069.53 The Canadian dollar is grinding slowly lower in an uneventful overnight session. The greenback has a bit of a bid due […]
US Government shutdown talks may have made a breakthrough Oil prices lower on oversupply fears US dollar opens with losses across the board USDCAD open: 1.4019, overnight range 1.4001-1.4058, close, 1.4042, WTI 59.87, Gold 4080.93 The Canadian dollar got a boost from a sharp improvement in global risk sentiment overnight. Chinese inflation picked up […]
Bank of Canada rate decision and MPR due Today’s FOMC decision will be a non-event US dollar opens on a mixed note USDCAD open: 1.3944, overnight range 1.3924-1.3949, close, 1.3944, WTI 60.22, Gold 4023.79 The Canadian dollar broke through resistance yesterday and then extended the gains, albeit modestly, overnight. The rally was due to […]
Trump announces framework of a trade deal with Japan Oil prices slump on fresh supply fears US dollar drifts lower in quiet trading USDCAD open: 1.3997, overnight range 1.3982-1.4004, close, 1.3990, WTI 60.39, Gold 3905.01 The Canadian dollar wafted higher in subdued trading, as it caught an updraft from broad but minor US dollar […]
Oil prices surge on new US sanctions Canada Retail Sales data due this morning US opens trading slightly higher-Commodity currencies outperform USDCAD open: 1.3996, overnight range 1.3987-1.4005, close 1.3998, WTI 61.76, Gold 4125.34 The Canadian dollar traded inside yesterday’s range and remains underpinned by the surge in oil prices. WTI oil prices rallied […]
Trump dials back China rhetoric BoC Business outlook Survey on tap US opens little changed from Friday USDCAD open: 1.4032, overnight range 1.4006-1.4036 close, 1.4021, WTI 56.89, Gold 4253.99 The Canadian dollar was confined in a tight band but trading with a bearish tilt. The highlight today will be the Bank of Canada’s Business […]
China/US trade tensions rise Global equities under pressure US dollar catches a safe-haven bid USDCAD open 1.4069, overnight range 1.4030-1.4070, Monday close, 1.4040, WTI 58.38, Gold 4126.79 The Canadian dollar is continuing Friday’s that was sparked when Trump tweeted about hiking China tariffs by another 100%. The tweet fueled demand for safe-haven currencies and […]
FOMC minutes are dovish-as expected Gaza ceasefire announcement improves risk sentiment, marginally US dollar traded higher overnight but eased into NY open USDCAD open 1.3948, overnight range 1.3933-1.3964, close, 1.3954, WTI 62.34, Gold 4038.44 The Canadian dollar traded quietly and remains trapped in the range that has contained price action for two weeks. WTI […]
US government shuts down for 21st time since 1971 US ISM Manufacturing PMI due US dollar opens with losses across the board USDCAD open 1.3926, overnight range 1.3907-1.3933, close 1.3921, WTI 61.87, Gold 3889.09 The Canadian dollar is under pressure despite broad US dollar weakness against the other G-10 currencies. The weakness reflects underlying […]
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