|Day's Range||0.758 - 0.759|
|52 Week Range||0.7284 - 0.7683|
The Canadian dollar is steady on Thursday, after an optimistic Bank of Canada rate statement boosted the currency. Higher oil prices have also contributed to the Canadian dollar gaining ground.
The Canadian dollar has posted strong gains after the BoC held rates and sent a positive message to the markets. EUR/GBP has posted sharp losses, as British Construction PMI beat the forecast.
President Donald Trump on Wednesday slammed Prime Minister Justin Trudeau as "two faced" after the Canadian leader was seen on a video mocking his U.S. counterpart. In the video taken on the sidelines of a NATO summit in London, Trudeau tells other leaders including Boris Johnson of the U.K. and Emmanuel Macron of France that "he was late because he takes a 40-minute press conference off the top." That appeared to be a reference to Trump. Trudeau, in a separate observation, said: "You just watched his team's jaws drop to the floor." Trump speculated that Trudeau wasn't happy about the president's urging Canada to pay more toward NATO's defense budget. A CNN reporter later relayed a pool reporter's account that, upon leaving the room, Trump remarked that it had been "funny when I said that guy was two-faced."
It’s a busy day ahead. Geopolitics, the BoC and service sector activity will keep the markets busy on the day ahead…
The Canadian dollar continues to trade sideways this week. With no Canadian events on the schedule, I expect a quiet North American session for USD/CAD. That could change on Wednesday, as the Bank of Canada holds its monthly policy meeting.
The RBA gives the Aussie Dollar a boost as it holds back from any rate cut talk. Chatter on trade and UK politics will garner the market attention today.
Economic data out of China provides early support, as the markets look ahead Eurozone and U.S data later in the day. Geopolitics will also be in focus…
The Canadian dollar is quiet, but that could change in the North American session with the release of GDP. EUR/GBP is showing little movement, as the post-Thanksgiving hangover has crossed the Atlantic.
Economic data and geopolitics will keep the markets busy. Any response retaliation from China would likely overshadow the economic calendar…
The Canadian dollar is flat on Thursday. The lack of movement could change on Friday, with the release of Canadian GDP. EUR/GBP has posted slight gains, but the pair continues to put pressure on a key support level.
The Canadian dollar is calm on Wendesday. The currency yawned as U.S. GDP showed a 2.1%, which was better than expected. Canada will release September GDP on Friday, so we could see some volatility from USD/CAD before the weekend. EUR/GBP has sustained losses, on fears of a trade war between the U.S. and the EU.
The Canadian dollar shrugged after Canadian corporate profits slowed considerably. EUR/GBP has gained ground, buoyed by a positive consumer confidence report out of Germany.
As updates on trade continue to grip the markets, consumer confidence figures out of Germany and the U.S will also garner interest today.
The Canadian dollar has started the week quietly, despite a strong Wholesale Sales report. EUR/GBP has lost ground and fell to a 1-week low in the European session.
The Canadian dollar is flat, but that could change in the North American session, with the release of Canadian retail sales. EUR/GBP has posted slight gains and is just below the 0.86 level.
The Canadian dollar is slightly lower, after Canadian ADP nonfarm payrolls reported a decline. All eyes are on Canadian retail sales, with investors braced for a decline. Meanwhile, EUR/GDP is trading sideways for a second successive day.
The HK Bill in support of the protestors is on its way to the Oval Office. Trump’s signature may well raise doubts over a phase 1 trade agreement.
Investors await the release of the Federal Reserve minutes, and predictably, there is little movement ahead of this major event. We could see some volatility from the British pound and Canadian dollar after the release, which is scheduled for 17:00 GMT.
Trade tensions, UK politics, the FOMC meeting minutes and inflation figures out of Canada will keep the markets busy throughout the day…