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Many European markets closed China/US talking trade in UK US dollar trading lower in holiday thinned trading USDCAD: open 1.3674, overnight range 1.3670-1.3700, close 1.3699, WTI 64.71, Gold 3318.64 The Canadian dollar drifted in a quiet European session as most major European centers were closed for Whitmonday holidays. The Canadian dollar weakened after the […]
Xi Jinping and Trump have a phone call Canada and US employment reports on tap US dollar opens with small gains from Thursday close. USDCAD open 1.3678, overnight range 1.3661-1.3687, close 1.3676, WTI 63.22, Gold 3357.26 The Canadian dollar traded sideways overnight in an uneventful session ahead of the US and Canadian employment […]
FOMC minutes unlikely to offer fresh insight. RBNZ cuts rates by 25 bps to 3.25%-more cuts ahead. US dollar opens mixed in uninspired trading. USDCAD: open 1.3825, overnight range 1.3802-1.3839, close 1.3813, WTI 61.30, Gold 3324.23 The Canadian dollar fell yesterday then consolidated the losses overnight. The catalyst for the sell-off was stronger-than-expected U.S. […]
Equities Rally on Japan’s bond plans US Durable Goods Orders data on tap. US rallies across the board on lower Treasury yields. USDCAD: open 1.3761, overnight range 1.3722.1.3769, close 1.3737, WTI 61.67, Gold 3298.30 The Canadian dollar rally stalled overnight after Japan’s Ministry of Finance’s hint of a long-bond issuance tweak sparked renewed demand […]
US and UK markets are closed on Monday Canada Retail Sales data for March on tap-forecast 0.7% m/m (vs -0.4% previously) US dollar extends losses in pre-long weekend trading. USDCAD: open 1.3805, overnight range 1.3804-1.3866, close 1.3858, WTI 61.16, Gold 3328.83 The Canadian dollar is attempting to extend this week’s gains as traders focus […]
US Treasury Secretary agrees yen is fairly valued. Global equities extend losses-S&P 500 futures in positive territory. US dollar is consolidating yesterday’s losses USDCAD: open 1.3881, overnight range 1.3846-1.3885, close 1.3860, WTI 60.64, Gold 3306.67 The Canadian dollar is consolidating yesterday’s losses. Prices bounced off of resistance yesterday, but the intraday and short-term technical trends […]
Traders wary of G-7 Finance Minister comments on currencies. UK inflation rises more than expected-tax hikes blamed. US dollar continues to slide. USDCAD: open 1.3888, overnight range 1.3868-1.3922, close 1.3918, WTI 62.85, Gold 3313.59 The Canadian dollar extended yesterday’s gain overnight due to renewed widespread US dollar selling pressures. Yesterday’s rally began after Statistics Canada […]
US Michigan Consumer Sentiment ahead. US dollar remains on the defensive after soft data yesterday. USDCAD: open 1.3962, overnight range 1.3935-1.3969, close 1.3960, WTI 61.60, Gold 3209.40 The Canadian dollar is directionless and stuck inside yesterday’s range with direction determined by broad-US dollar moves vs the major currencies. However, the upside remains limited as long […]
Opec says it will increase production by another 411k barrels/day in June. China, and UK closed for holiday. US dollar trading with a neutral bias in thin trading USDCAD: open 1.3788, overnight range 1.3787-1.3829 close 1.3820, WTI 54.49, Gold 3312.08 The Canadian dollar is trading slideway’s but with a slight bullish bias, despite sharply lower […]
Carney leads Liberals to victory—opposition leaders lose their seats. US JOLTS data and Consumer Confidence put the focus on recession risks. US dollar opens higher compared to close. USDCAD: open 1.3847, overnight range 1.3808-1.3872, close 1.3829, WTI 61.20, Gold 3310.44 The Canadian dollar remains trapped in its well-defined range as traders remain fixated on Trump’s […]
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