Monthly Archives: April 2019

Tuesday 30th April, 2019

The US$ continues to retreat from its recent highs against most major currencies this week. US data boosted Canada’s export outlook, and firmer oil saw US$ continue lower against C$. Eyes will be on Cad GDP today, a positive number could see US$ fall back towards the lows seen in early April. ...
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Monday April 29th, 2019

US$ is quiet in anticipation of key US inflation numbers later this morning. Also, the market will be listening to Bank of Canada’s Governor Poloz speech tomorrow for rate policy clues. We continue to see US$ strength against C$, but surprise numbers may create a better buying opportunity. EUR and...
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Friday 26th April, 2019

The currency markets are in a holding pattern ahead of the release of USD GDP data. Any slippage in actuals vs expectations could see a quick sell off of US$ back to March levels. US$ slipped slightly overnight against C$, despite weaker oil prices and expected increase in production from OPEC. A br...
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Thursday 25th, 2019

The US$ rally vs C$ appears to be stalling. The US$ is holding below key resistance points as stronger oil prices are having a positive impact for C$. Strong results from the US economic data today, may be needed for US$ to breach higher. A failure to break through key resistance points this week, c...
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Wednesday 24th April, 2019

US$ continued to strengthen against all major currencies overnight, with the US$ index hitting its highest level since June 2017. US$ against C$ hit its highest level for a month, but remains below key resistance point. BOC is not expected to change key rates today and despite the higher oil prices,...
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Tuesday 23rd April, 2019

Oil prices hit six month highs on the back of US tightening Iran sanctions. Stronger oil prices could have a positive impact on C$, but so far the response has been minimal. Our bias remains to buy US$ on dips against C$, with BOC expected to keep rates on hold at Wednesday’s meeting, we don&#...
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Monday April 22nd, 2019

The C$ is stronger this morning with oil prices hitting new six-month highs. Canada’s central bank was expected to raise rates but is now likely to keep rates unchanged on its next policy date of April 24th due to a lower growth outlook. Long-term we see C$ weakening further, so view any strength...
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Thursday April 18th, 2019

Yesterday’s C$ strength to new 3-week highs was very brief as the C$ reversed and is retesting the lows this morning after initial concerns over rate increases proved unfounded. C$ remains stuck in the same range of the last six weeks, but we continue to look for opportunities to buy US$. The US$ ...
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Wednesday April 17th, 2019

The C$ rallied near to the highs of the month this morning on election news of a pro-growth party in Alberta. However, the C$ is in an ever tightening range that we believe will be resolved to the downside. The US$ is lower overnight on reports of strong growth in China that might lead to […]...
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Tuesday April 16th,2019

The C$ is testing the lows of the last 2 weeks this morning on rumours the Bank of Canada might lower rates to stimulate the economy. We believe the overall trend is towards a weaker C$ and any strength is a selling opportunity. After rallying overnight, the US$ fell back and is opening unchanged in...
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