Daily Market Commentary

Latest News

Thursday March 21, 2019

The US$ fell to a six-week low yesterday before rebounding this morning on news that the Federal Reserve wouldn’t raise rates for the rest of the year. A re-test of the lows is likely over the next couple of days providing a buying opportunity with a view towards continued US$ strength. The C$ is ...
Read More

March 20th, 2019

US$ stronger on safe haven buying overnight as concerns over US-China trade negotiations continue. FOMC today, we are not expecting and surprises outside of the anticipated dovish statements. Our bias remains to look to for opportunities to buy US$ on any dips.   In Canada, the budget came out ...
Read More

March 19th, 2019

US$ remains quite resilient despite expectations of dovish comments at tomorrow’s FOMC meeting. Today we expect US$ to trade within a narrow band, looking for opportunities to buy US$ on any short term dips. Canadian dollar stalled overnight despite stronger oil prices which are close to 2019 ...
Read More

March 18th, 2018

The US$ is weaker today on the back of Fridays weak economic numbers and the anticipated dovish comments expected from Wednesdays Federal Reserve meeting. Overall our bias is to be patient, US$ buyers look for opportunities to buy US$ on further dips as we expect US$ to continue to rally again longe...
Read More

Thursday March 14th, 2019

Worries over weaker housing prices are hurting the C$ this morning despite rising oil prices and rumours that the US metal tariffs might be removed. This is best opportunity to buy in US$ in a week. The C$ will likely stay in this range for a day or two before turning lower. The US$ rose […]...
Read More

Wednesday March 13th, 2019

Despite a rally in oil overnight the C$ is having difficulty gaining any strength due to a weak economy and the increasing probability of lower rates. Still continued oil strength should help the C$ today and tomorrow providing an opportunity for importers to buy US$ as the long-term trend remains d...
Read More

Tuesday March 12th, 2019

Despite a rally in oil overnight the C$ is having difficulty gaining any strength due to a weak economy and the low probability of higher rates going forward. Still continued oil strength should help the C$ today and tomorrow providing an opportunity for importers to buy US$ as the long-term trend r...
Read More

Monday March 11th, 2019

After hitting a two-month low the C$ strengthened on Friday due to higher oil prices and strong employment numbers, however the long-term trend remains down. Sell any strength as the market heads to the December lows. Given the sharp rise last week the US$ is quiet this morning. Look for weakness as...
Read More

Friday March 8th, 2019

BOC bearish comments on the economy, as well as weaker oil and base metals saw C$ continue to weaken against the US$. In the short-term, look to buy US$ on dips with the potential retesting of the highs of Dec 2018.   The US$ stalled morning after hitting a new two-year high on news that […]...
Read More

Thursday March 7th, 2019

After falling five days in a row to a two-month low the C$ is finding some strength this morning on rising oil prices. The Bank of Canada affirmed yesterday that its policy of raising rates will be under review given Canada’s mixed economic outlook. The C$ is overdue for a rally today, but importe...
Read More