Expert, money saving updates, forecasts & tips on the CAD exchange

Canadian Dollar Update – Canadian dollar flying high

US Durable Goods Orders released today. Powell’s comments spark flurry or “risk-on” trades US dollar under pressure from aggressive Fed rate cut expectations. USDCAD: open 1.3510, overnight range 1.3499-1.3516, close...

Canadian Dollar Update – Canadian dollar looking for love from Jackson Hole

Canada Retail Sales expected to fall 0.3% m/m Markets on hold until Powell’s speech at 10:am ET US rangebound but modestly firmer from yesterday’s opening levels. USDCAD: open 1.3588, overnight...

Canadian Dollar Update – Canadian dollar inching higher

FOMC minutes are the highlight of a light US economic calendar. Nonfarm payroll revisions to benchmark could roil markets. US dollar continues to fall on dovish Fed speculation. USDCAD: open...

Canadian Dollar Update – Canadian dollar awaiting inflation numbers

Canada CPI expected to have risen 2.5% y/y in July (June 2.7%). Gold surges on US rate outlook. US dollar reeling as dovish Fed talk heats up. USDCAD: open 1.3615,...

Canadian Dollar Update – Canadian dollar consolidating

Loonie struggling to find a direction Risk sentiment improves following US retail sales data. US dollar drifts lower in uneven manner. USDCAD: open 1.3720, overnight range 1.3715-1.3736, close 1.3734, WTI...

Canadian Dollar Update – Canadian dollar heading to resistance

Holidays in Europe reduce trading volumes Weekly jobless claims and retail sales highlights of US data dump. US dollar trading quietly and mixed. USDCAD: open 1.3704, overnight range 1.3702-1.3726, close...

Canadian Dollar Update – US CPI will set the tone

Soft US inflation data hope driving US dollar down. RBNZ turns dovish and cuts rates by 25 bps. US dollar trading with negative bias. USDCAD:  open 1.3702, overnight range 1.3700-1.3721,...

Canadian Dollar Update – Canadian Dollar mired in range

US PPI ex food and energy forecast 2.7% y/y vs June 3.0% WTI oil prices climb on escalating Iran and Israel tensions. US dollar opens mixed-Commodity currencies outperform. USDCAD:  open...

Canadian Dollar Update – Canadian Dollar posting small gains

Loonie rises despite weak employment numbers. Top-tier data glut coming down the pipe this week, but not today. US dollar slides undecided after dull overnight session. USDCAD:  open 1.3721, overnight...

Canadian Dollar Update – Canadian Dollar awaiting jobs data

Canada’s unemployment rate expected to rise to 6.5% from 6.4%. Global equity rally improves risk sentiment. US dollar slides with stock market gains. USDCAD:  open 1.3733, overnight range 1.3718-1.3744, close...