Daily Forex Commentary

18 November 2016 - Volatile commodity prices and widening yield spreads pushed the USD higher

By Frederick Cheng
US Dollar vs Canadian Dollar: The USD/CAD rallied 100 points yesterday afternoon as volatile commodity prices and widening yield spreads pushed the USD back above 1.3500. The Can... read more

17 November 2016 - The US Consumer Price Index was released this morning

By Frederick Cheng
US Dollar vs Canadian Dollar: The USD/CAD was slightly lower yesterday as a stronger performance in the energy sector helped spur on Loonie gains. Looking to technical, the pairi... read more

16 November 2016 - The USD resumes its rally

By Frederick Cheng
US Dollar vs Canadian Dollar: The USD resumes its rally against most of the G-10 currencies as the market continues to assess the implications of the US election on the Fed&rsquo... read more

15 November 2016 - Global equities are mixed

By Frederick Cheng
US Dollar vs Canadian Dollar: The USD is relatively flat against most of its G-10 counterpart as we see consolidation across the markets. Global equities are mixed with gold stab... read more

14 November 2016 - Oil prices continues to stay weak with WTI breaking below $43/bbl.

By Frederick Cheng
US Dollar vs Canadian Dollar: The USD is trading higher against most of the G-10 currencies today as fiscal outlook following last week’s election boost expectations of a F... read more

11 November 2016 - FOMC member Fisher speaking at 9 am

By Frederick Cheng
US Dollar vs Canadian Dollar: Event risk for the North American currency pair today has FOMC member Fisher speaking at 9 am followed by University of Michigan Consumer Sentiment ... read more

10 November 2016 - Global equities all made up for the US election night sell off

By Frederick Cheng
US Dollar vs Canadian Dollar: Economic Calendar starts with Canadian New Housing Price Index at 8:30 forecasts are for 0.2 rises in prices for October and data compiled posted in... read more

09 November 2016 - Trump victory made for a wild ride

By Frederick Cheng
US Dollar vs Canadian Dollar: Trump victory made for a wild ride in currency markets overnight. A flight to Yen safety saw the Yen up 4% against the greenback as global equity m... read more

08 November 2016 - All focus will be on the 2016 US election today

By Frederick Cheng
US Dollar vs Canadian Dollar: All focus will be on the 2016 US election today. Polls will close after 7:00 pm EST and the election results will be called after west coast polling... read more

04 November 2016 - Global assets sell off ahead of Tuesday''s US election

By Frederick Cheng
US Dollar vs Canadian Dollar: Global assets continue to sell off ahead of Tuesday''s US election; North American stock futures are also pointing to a lower open. Today is jobs da... read more

03 November 2016 - No surprise from the FOMC

By Frederick Cheng
US Dollar vs Canadian Dollar: No surprise from the FOMC interest rate announcement and statement yesterday with no change. The possibility of a Fed Interest rate hike for Decembe... read more

01 November 2016 - broader trend remains positive

By Frederick Cheng
US Dollar vs Canadian Dollar: The USD is losing ground against most of the G-10 currencies today, but the broader trend remains positive as we go into the FOMC meeting this week.... read more

31 October 2016 - The USD is strengthening across the broad

By Frederick Cheng
US Dollar: The USD is strengthening across the broad as it recovers from Friday’s dip led by headlines on the Clinton email investigation. Global stocks are lower and commo... read more

28 October 2016 - US GDP beats expectations

By Frederick Cheng
US Dollar vs Canadian Dollar: The USD remains elevated as global equities trade in a defensive tone with earnings. US Advance GDP in Q3 added further support after the data showe... read more

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