Saudi Arabia Increases Oil Output
Production from Saudi Arabia is rising, and demand has pushed it up to about 10 million barrels per day (bpd), according to energy consultancy PIRA. The estimate suggested the country is hewing tightly...
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USDCAD Starts Week Higher Ahead of NA Economic Releases
The loonie started the week on the back foot. The USD/CAD was trading in a 1.2480-1.2527 in overnight trade and continued to rise on the North American session. The forecasts for the Canadian economy...
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Loonie Flies Higher as Canadian GDP Beats Expectations
Canadian gross domestic product (GDP) surprised to the upside with 0.6% growth in the last quarter of 2014. Canadian fourth-quarter GDP grew by 2.4% compared to a year earlier, beating the 2%...
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EUR/USD Traders Zero in on U.S. Retail Sales Data
The USD rally that started with the release of a strong nonfarm payrolls (NFP) report last Friday continues this week. The rally will face its first hurdle on Thursday at the U.S. retail sales...
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USD/CAD Loonie Back to Reality After Big Dollar Recovers
The Loonie hit a six year record for one day gains yesterday (2 percent gain) after the U.S. Federal Reserve statement was announced. The anticipated removal of the word “patient” came to pass, but it...
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USD/CAD BOC Governor Warns of Atrocious Impact of Cheaper Oil
The Canadian dollar moved lower on Monday as Bank of Canada Governor Stephen Poloz warned of the “atrocious” impact that lower oil prices could have on the economy. Crude continues to move lower as...
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USD/CAD Bank of Canada Expected to Hold as Employment and Oil Improves
The Bank of Canada Governor Stephen Poloz has called the effect of lower oil prices “atrocious” to the Canadian economy. On Friday the employment figures were positive with a 28,700 jobs added to the...
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USD/CAD Canadian GDP and US Unemployment Claims Pressure Loonie
The loonie is falling against the USD after the U.S. employment claims numbers and Canadian GDP figures were published. The Canadian economy showed no growth at 0.0 percent. The USD was in need of some...
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USD/CAD Loonie Lower After Canadian GDP Miss Ahead of BoC
The USD/CAD had a volatile trading session that saw the price fluctuate 0.66 percent intraday. The currency pair shot up towards the 1.34 price level after the third quarter gross domestic product...
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USD/CAD Loonie Dragged Lower as Oil Falls After OPEC Fails to Curb Production
The USD/CAD touched 12 year highs after Friday’s economic indicators favoured the USD and put the Canadian currency in a tough spot. The USD/CAD has appreciated 1.06 percent in the past twenty four...
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USD/CAD Loonie Touches 11 Year Lows Driven by Oil Drop
Fed Anxiety and the Drop in Energy Prices Push USD/CAD Above 1.3770 The week when the U.S. Federal Reserve is expected to raise interest rates started with high volatility as oil prices have moved 5...
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Week Ahead in FX Oil and Stock Market Volatility to Drive Market
Yellen Testimonies Make March Rate Hike Unlikely as OPEC Comment Stops Oil Decline The week from February 5 to 12 was defined by a flight to safe havens. The biggest winners versus the USD were the...
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Week Ahead in FX: Oil and G20 to Guide FX Market
Oil Volatility, Central Bank Comments and G20 to Spark Global Cooperation The USD had mixed results versus major pairs during the past week. The greenback advanced against the EUR, GBP and CHF but the...
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Commodity Currencies Rebound After Oil Rise
Doha Summit Failure and Kuwait Oil Strike Made for a Volatile Weekend for Crude Volatility in energy prices and a return of risk appetite have pushed commodity currencies upwards after prices tumbled...
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USD/CAD Canadian Dollar Lower as Oil Tumbles after Higher US Inventories
The Canadian dollar lost ground against the U.S. dollar after the release of U.S. crude inventories. While oil was down more than 2 percent the Canadian currency was able to manage a slight...
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