Monex

CAD USDCAD continues to trade below 1.38, even in spite of Wednesday’s soft inflation data, and a broader rally for the dollar. Indeed, this comes despite building speculation that the BoC could...

CAD Similar to the UK, yesterday’s Canadian inflation print was also soft. Unlike pound however, the loonie made gains post release, much to our surprise. USDCAD is now trading sub 1.38 in spite of...

CAD This afternoon’s Canadian CPI release, published at 13:30 BST, is arguably the major data release of note today. We expect to see headline inflation drop to 1.8% YoY, falling below the 2.0% BoC...

CAD Canada is out today for Thanksgiving, which should keep loonie price action muted to start the week. Tomorrow, however, September’s Canadian inflation report should be a key event for the loonie....

CAD Coming a week later than the counterpart US publication, this afternoon’s jobs report should be the focus for loonie traders. Markets are looking for a 27.0k net change in employment, up...

CAD While tomorrow’s jobs data remains the key domestic risk event of note for loonie traders this week, more immediate USDCAD price action is likely to be determined by this afternoon’s US CPI...

CAD The loonie’s seemingly inexorable move higher continued on Tuesday, making it the fifth down session in a row for CAD. This move looks at little risk of petering out this morning too, with USDCAD...

CAD The loonie continues to trend lower, in line with our longstanding base case. As previously noted, the differing fortunes on either side of the US-Canadian border warrant a significantly higher...

CAD The emphasis for USDCAD traders to start the week remains Friday’s US jobs figures. This dynamic saw a decent jump for the pair on Friday, leaving the loonie edging towards 1.36 versus the...

CAD USDCAD drifted higher on Thursday, belying the light North American data calendar. In part, this was a function of broader strengthening for the greenback. But, it was nevertheless interesting to...

CAD Despite continued conflict in the Middle East, the loonie gave back some oil-fueled gains through Wednesday trading. This move higher for USDCAD is likely to extend today too, with PMI readings...

CAD The loonie was arguably the standout performer on Tuesday, climbing against the dollar, even as much of the G10 FX was in retreat on the escalating conflict in the Middle East. That said, this...

CAD Similar to the pound, it should be a quiet day coming up for the loonie as well. Only September’s manufacturing PMI is scheduled for release, and this is unlikely to disrupt a narrative that the...

CAD Despite a solid set of Canadian growth readings, USDCAD rallied on Friday, somewhat surprisingly. Even so, we continue to think the direction of travel for the pair is higher, assuming our...

CAD Neither SEPH employment data nor the CFIB business survey proved market moving for USDCAD on Thursday. Today, however, July GDP figures are likely to be somewhat more impactful. Traders are...

CAD The loonie pared some recent gains on Wednesday, though still managed to outperform much of the G10 complex, with USDCAD rising just 0.4%. Today, however, we think this dynamic is set for a...