All posts by Payments International

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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Monday April 15th, 2019

The US$ is retesting the 2-week lows reached on Friday in quiet overnight trading. We see further weakness today as a buying opportunity in a long-term upward trend. Despite lower oil and metals prices the C$ is stronger overnight on hopes of an economic recovery in Asia. However, we see strength th...
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Friday April 12th, 2019

The C$ rebounded overnight returning to yesterdays highs on a recovery in oil prices. The C$ might strengthen a bit more this morning as oil remains strong but it’s a good selling opportunity. The US$ has fallen overnight approaching the 2-week lows on a lack of progress in global trade talks. We ...
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Thursday April 11th, 2019

The C$ is weak this morning giving back all it gained yesterday on lower oil and news that the Canadian government is considering increasing US tariffs. We recommend selling today as we see further weakness ahead. Look for US$ strength today as yesterday’s news of record 40-year low unemployment n...
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Wednesday April 10th, 2019

The C$ is quietly stronger this morning on higher oil prices. We see any C$ strength today as an opportunity to sell. The US$ is weaker this morning as the market waits for inflation numbers due this morning. We expect US$ to weaken further today and would view that as a buying opportunity. The EUR ...
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Tuesday April 9th, 2019

The C$ continues to rally on higher oil and metal prices and we expect more of the same today, which should provide a good selling opportunity later today and tomorrow. The US$ is weaker this morning and will continue. Trade issues are expanding into Europe, but a resilient economy will eventually t...
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Monday April 8th, 2019

The C$ is slightly stronger this morning on higher energy and metals prices. We foresee modest strength this week, as the C$ remains in a quiet range that should eventually break to new lows, so any rally should be a selling opportunity. After testing new monthly highs on Friday the US$ is weaker ov...
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Friday April 5th, 2019

The C$ is weaker overnight on lower commodity prices. The market is quiet, waiting for employment numbers today that could increase volatility, but we expect C$ to continue to weaken so any rally should be sold. This morning is the seventh day the US$ has tested the monthly highs. The US$ remains st...
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Thursday April 4th, 2019

Despite strong oil prices we expect C$ be quietly weaker today as the market waits for the unemployment rate due tomorrow that has recently hit a 40-year low. Look to sell C$ on any rally today as C$ remains in a longer-term downward trend. After falling back yesterday the US$ has rallied over night...
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