Daily Market Commentary

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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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Wednesday April 3rd, 2019

C$ recovered to yesterday’s high’s overnight as oil, metals and grains are all strong. We foresee more strength today and going into tomorrow providing a good C$ selling opportunity. After two weeks of strength approaching six-month highs the US$ weakened overnight as the market absorbed yesterd...
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Tuesday April 2nd, 2019

C$ remains quietly strong overnight on strong energy prices and Bank of Canada’s positive economic outlook. C$ looks to have further strength but this is now the best selling opportunity in over a week. The US$ remains strong, rallying almost 2% over the last two weeks, providing an opportunity fo...
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Monday April 1st, 2019

The C$ is rallying to a new weekly high on higher than expected economic numbers. We expect continued C$ strength today with the long-term trend remaining downward. The US$ is weaker this morning after rallying strongly to new three-week highs. There is likely more US$ weakness today and tomorrow in...
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