MarketPulse

The Canadian dollar got a double boost from market events on Wednesday. The price of oil surged after lower U.S. crude inventories were announced and the Organization of the Petroleum Exporting...

The release of the FOMC statement and economic projections put downward pressure on the U.S. dollar. The USD was weaker across the board versus majors. The statement by the U.S. Federal Reserve was...

UK Economic Fundamentals Mixed but Brexit Fears RisingThe United Kingdom was able to recover from the 2009 crisis at a fast pace in the last three years. At one point the pace of growth was strong...

Loonie’s high correlation to oil price drags currency lowerThe USD has advanced 0.60 percent versus the CAD in the last 24 hours. The currency pair is trading at 1.3359. The drop in oil prices...

The Canadian dollar was dragged lower as volatility in the energy markets continues. Organization of the Petroleum Exporting Countries (OPEC) member Iran is willing to freeze production output of...

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...