Daily Market Commentary

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Tuesday 7th May, 2019

Chinese negotiator’s will participate in trade negotiations this week in Washington, easing some market jitters. US$ eased slightly off its highs verses Cad, any signs of positive trade talks should strengthen Oil and in turn C$. Euro has remained stable and range bound, bias a retest of recen...
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Monday May 6th, 2019

Concern over US-China trade talks saw both Crude Oil and Equity markets trade lower in Asia. In the FX markets both GBP & Euro are opening relatively unchanged from Friday vs the US$. The US$ has firmed against C$, but remains below the highs of April’s. Oil prices lower could add some add...
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Friday May 3rd, 2019

US$ starts the day stronger and with the prospect of strong jobs data today, the rally could continue.  Threats of tariffs on European cars, political concerns & weak euro data helped US$ rally. The prospect of weaker oil, a general US$ bullish tone saw C$ weaker against US$. We have held insid...
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Thursday May 2nd, 2019

US$ remains soft against the Euro & GBP, but against Cad US$ strengthens. US$ rallied against C$ overnight back to recent highs. We had anticipated retest of April’s lows, my optimism is falling and the next few days are key. Longer term, we remain bullish US$ and continue to look to buy U...
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Wednesday 1st May, 2019

US$ continued to trade slightly weaker against most of the currencies overnight, but all eyes will be on FOMC today for fresh direction. C$ benefited on positive comments from the BOC governor yesterday for Canada’s economic expectations into H2. Stronger GBP from increased optimism over Brexi...
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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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