MarketPulse

The ECB Delivered Bold Action But EUR Still Strong Ahead of the US Central Bank Rate StatementThe European Central Bank (ECB) learnt a lesson from the December meeting communication failure and over...

The Canadian dollar advanced versus the USD after the Bank of Canada announced the benchmark interest rate would remain unchanged at 0.50 percent. The USD/CAD traded below 1.33 as the loonie also got...

The European Central Bank Will Want to Avoid Another Failure to Communicate with MarketThe European Central Bank (ECB) Chief Mario Draghi had increased the easing rhetoric last year and was shocked...

West Texas and Brent Crude Advanced close to 5 Percent Boosting the CADThe Canadian dollar is benefiting from a high correlation to energy prices as the actions from some members of the Organization...

US Employment Expanded But Hourly Wages Contracted Deflating USDThe U.S. non farm payrolls (NFP) report for February painted a mixed picture of U.S. employment. The American economy added 242,000 jobs...

The Canadian dollar has recovered from the lows suffered at the beginning of the year when the price of oil plummeted rapidly as a supply glut and record high production levels were announced. The...

The Outcome of the G20, Central Banks Back in Action and US Employment Will Kick Off MarchFebruary was supposed to be a quiet month. As quiet as you can get in the forex market but with most major...

The US dollar depreciated 0.539 percent versus the Canadian dollar in the last 24 hours that saw the loonie follow the developments in the price of oil. The USD/CAD is trading at the day’s low...

The Canadian dollar retreated on Tuesday after comments from Saudi oil minister Ali Ibrahim Naimi that the current agreement between Organization of the Petroleum Exporting Countries (OPEC) and Russia...

Saudi Arabia Says It Does Not Trust Producers to Cut ProductionThe collapse in the price of oil appeared to be over after the Organization of the Petroleum Exporting Countries (OPEC) and Russia...

Oil Volatility, Central Bank Comments and G20 to Spark Global CooperationThe USD had mixed results versus major pairs during the past week. The greenback advanced against the EUR, GBP and CHF but the...

The Canadian dollar had a week of up and downs heavy correlated to the price of crude. The Organization of the Petroleum Exporting Countries (OPEC) and Russia agreement was able to stabilize the price...

Canadian markets were back online and the loonie did not fare well against the big dollar as oil fell following the announcement of an oil deal between Russia and some members of the Organization of...

The Canadian dollar had a bumpy ride this week. With little economic data out of Canada this week and the Chinese week long holiday capping market activity the CAD was in reactive mode to the two...

The U.S. dollar advanced versus the CAD thanks to U.S. Federal Reserve Chair Janet Yellen 3 hours of testimony on the Semiannual Monetary Policy Report before the House Financial Services Committee....

The USD was under pressure at the start of the week, but the CAD was not of the currencies that capitalized on the big dollar’s pain. Commodity prices tumbled and with that any hopes of loonie...