Insights
USDCAD Slowing Getting Weaker, Oil Barely Moves
Oil erased most of its morning losses after the release of the weekly oil inventory data, it seems that the USDCAD has followed in tandem so far. The U.S. gasoline numbers fell the most since May of this year, however the crude data seems to have offset the gasoline numbers a bit. The USDCAD has […]
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Canadian Dollar Weaker, Oil Still Falling.
Oil is now below $68 USD a barrel for West Texas Intermediate, it is also below its 50-day moving average, OPEC countries are fulfilling their earlier commitments of ramping up production. The USDCAD has remained within its recent band of 1.3060-1.3220, and it needs to breakout one way or the other before there is a […]
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Canadian Dollar Basically Unchanged, Equity Markets Down Slightly.
As earnings are starting to be released, equity markets are slowing selling off, analysts are unsure if this round of reports will be as good as anticipated. Oil has fallen below $70 USD a barrel on West Texas Intermediate on continued comments Saudi Arabia that it will fill in any void left by Iran and […]
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Canadian Dollar Better Even With Lower Oil Prices
Oil prices are now just below $70 USD a barrel for West Texas Intermediate, analysts still fear global trade wars, however, there is a different tune being played on global equity markets. Technology stocks are recording new highs giving optimism that there is strong earnings season around the corner. As a result, risk mode is […]
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Bank of Canada hikes Rates a quarter, Canadian Dollar Weaker, what gives?
According to the July Monetary Policy Report, the BoC expects the global economy to grow by about 3.75 percent in 2018 and 3.5 percent in 2019. The US economy is proving stronger than expected, reinforcing market expectations of higher policy rates and pushing up the US dollar. This is contributing to financial stresses in some […]
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USDCAD Still Within the Range, Eyes on Bank of Canada
The USDCAD remains unchanged and will likely stay that way till tomorrow. The Bank of Canada has its regular update and will potentially hike interest rates a quarter percent, analysts have given an eighty-five percent chance. Oil is over $74 USD a barrel for West Texas Intermediate, disruptions in supply have now increased with Norwegian […]
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