Daily Market Commentary

Latest News

Friday May 10th, 2019

US raised tariffs on Chinese goods from 10% to 25%, but markets remained calm as investors anticipate that China & US could still salvage a trade deal. US$ weakened from a 2 week high vs C$ on positive Canadian trade data yesterday. Cad jobs data today, a good number could see further US$ weakne...
Read More

Thursday 9th May, 2019

US-China trade talks remain the primary focus of markets today. US$ weakened to a 3 month low vs Yen on Safe haven Yen buying, but US$ rallied against Aud which has close links to China is at a 4 month low. C$ remains stable, slightly higher oil prices has helped keep the currency within its [&helli...
Read More

Wednesday 8th May, 2019

Mixed markets overnight as the US/China trade talks remain the primary focus for investors. US$ weakened against the Yen on safe haven buying. Euro remained within a tight range, opening at the same level as yesterday. US$ rallied against GBP, due to little sign of a breakthrough on Brexit talks and...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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. ...
Read More

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...
Read More