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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
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USD/CAD: Loonie trading tad higher this morning ahead of Canadian GDP data
For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CAD to close at 1.0489. In the Asian session, at GMT0300, the pair is trading at 1.0480, with the USD trading marginally lower from yesterday’s close. … Continue reading
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USD/CAD: Pair fell on bets Fed stimulus to continue
For the 24 hours to 23:00 GMT, the USD declined 0.52% against the CAD to close at 1.0470, after the President of the Federal Reserve Bank (Fed) of Richmond, Jeffrey Lacker indicated that the US economy could witness a … Continue reading
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USD/CAD: Loonie trading higher in the Asian session
For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CAD to close at 1.0525, as better than expected US macroeconomic data added to evidence that the Federal Reserve might taper its bond-buying. In the Asian … Continue reading
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USD/CAD: Loonie continues its previous session losses
For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CAD to close at 1.0500. In the Asian session, at GMT0300, the pair is trading at 1.0516, with the USD trading 0.15% higher from yesterday’s close. … Continue reading
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USD/CAD: Loonie dropped on soft Canadian inflation, retail sales data
On Friday, the USD rose 0.13% against the CAD to close at 1.0457. The Loonie weakened following tepid Canadian CPI and retail sales data. Canada’s consumer price index (CPI) rose 0.7% in May, less than the expected 0.9% rise. … Continue reading
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USD/CAD: Loonie trading tad higher this morning; Canadian CPI data awaited
For the 24 hours to 23:00 GMT, the USD rose 0.96% against the CAD to close at 1.0381. In the Asian session, at GMT0300, the pair is trading at 1.0376, with the USD trading marginally lower from yesterday’s close. … Continue reading
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USD/CAD: Loonie suffered after Bernanke indicated Fed could reduce buying
For the 24 hours to 23:00 GMT, the USD rose 0.57% against the CAD to close at 1.0282, after Federal Reserve Chairman, Ben S. Bernanke indicated that risks to the US economy have reduced and policy makers could lower … Continue reading
Posted in USD/CAD
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USD/CAD: Pair trading above its MA’s
For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CAD to close at 1.0221. In the Asian session, at GMT0300, the pair is trading at 1.0226, with the USD trading marginally higher from yesterday’s close, … Continue reading
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USD/CAD: Loonie reverses its direction in the Asian session
For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CAD to close at 1.0190. Economic news indicated that foreign investors made a net investment in Canadian securities worth C$14.91 billion in April, more than the … Continue reading
Posted in USD/CAD
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USD/CAD: Loonie fell on unexpected drop in Canadian manufacturing shipments in May; trading higher this morning
On Friday, the USD rose marginally against the CAD to close at 1.0172. The Canadian Dollar recorded losses after manufacturing shipments in Canada dropped unexpectedly by 2.4% (MoM) in April, following a 0.6% fall recorded in the previous month. … Continue reading
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USD/CAD: Loonie edged up as oil prices surged and on positive Canada’s new home price data
For the 24 hours to 23:00 GMT, the USD declined 0.40% against the CAD to close at 1.0167. The Canadian dollar benefitted from a surge in oil prices and positive Canadian new housing price index. Canada’s New Housing Price … Continue reading
Posted in USD/CAD
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