Daily Market Commentary

Latest News

Friday March 22, 2019

A budget that increases the deficit, declining housing and weak economy are likely to keep rates down and are driving the C$ to a new weekly low. Any strength today would be a good opportunity to sell C$ as the trend remains towards weakness. The US$ has fully recovered from the weakness of two days...
Read More

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