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European leaders/Trump meeting ends on a positive note FOMC minutes due Wednesday US dollar opens rises gently in uninspired trading. USDCAD open 1.3820, overnight range 1.3797-1.3823, close 1.3803, WTI 62.07, Gold 3339.50 The Canadian dollar bounced around in a narrow range with price action tracking broad US dollar moves, against the majors. The meeting […]
Weak employment report continues to pressure Loonie China tariffs go in effect Tuesday-unless there is another extension US dollar opens mixed but little changed from Friday USDCAD open 1.3775, overnight range 1.3745-1.3779, close 1.3759, WTI 63.84, Gold 3353.52 The Canadian dollar is starting the week on the defensive although a lack of actionable data […]
BoC Business Outlook Survey ahead. Yen mostly ignores Japanese election results. US dollar inches lower in quiet trading. USDCAD open 1.3725, overnight range 1.3714-1.3735, close 1.3726, WTI 65.90, Gold 3366.32 The Canadian dollar is inching higher in quiet trading ahead of today’s release of the Bank of Canada Business Outlook Survey. The BoC incorporates […]
Expectations for Fed to cut rates in September drop. US PPI data on tap US dollar is consolidating yesterdays gains at the open. USDCAD open 1.3691, overnight range 1.3694-1.3709, close 1.3706, WTI 66.60, Gold 3363.09 The Canadian dollar took a hit after hotter-than-expected US inflation data yesterday encouraged traders to scale back bets on […]
Traders dismiss Trump’s latest tariff salvo on Copper and Pharmaceuticals. FOMC minutes may reveal extent of dovish bias. US dollar slightly higher ahead of FOMC minutes. USDCAD open 1.3665, overnight range 1.3660-1.3695, close 1.3660, WTI 68.64, Gold 3389.37 The Canadian dollar is gradually sinking due to Trump’s latest tariff attack. Canada is the second […]
Canada backs down from digital tax-US/CAD trade talks restart Canadian markets are closed tomorrow US dollar trading with negative bias. USDCAD open 1.3680, overnight range 1.3654-1.3700, close 1.3683, WTI 65.36, Gold 3288.26 The Canadian dollar sank like a rock on Friday after Trump announced that “ALL discussions on Trade with Canada, end effective […]
Trump’s talks about naming successor to Powell, early. The wait until the US data dump keeping traders on the sideline US dollar opens with losses across the board. USDCAD open 1.3653, overnight range 1.3628-1.3663, close 1.3740, WTI 65.71, Gold 3283.79 The Canadian dollar is hanging on to yesterdays gains ahead of key US […]
Market focus shifts to tariffs, interest rates and Fed Powell’s testimony. Middle East tensions ease-oil prices steady US dollar opens little changed from yesterday’s close. USDCAD: open 1.3730, overnight range 1.3708-1.3738, close 1.3725, WTI 65.04, Gold 3325.41 The Canadian dollar traded sideways in a quiet overnight session. Traders are waiting fresh catalysts and […]
US markets closed for Juneteenth Bank of England leaves rates unchanged, Swiss National Bank cuts US dollar opens with gains USDCAD: open 1.3715, overnight range 1.3686-1.3730, close 1.3696, WTI 73.64, Gold 3369.51 The Canadian dollar drifted lower overnight as bearish momentum carried over from yesterday’s post-FOMC move. The Fed’s tone added fuel to the […]
Global risk sentiment sours Tame US CPI boosts Fed rate cut hopes US dollar sinks on renewed risk aversion USDCAD: open 1.3648, overnight range 1.3643-1.3676, close 1.3673, WTI 67.16, Gold 3366.64 The Canadian dollar eked out small gains overnight due to a fresh bout of risk aversion washing over markets. That led to US […]
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