‘s long-term bullish trendline remains intact and a higher low has formed above it, suggesting momentum is picking up and a swing low could be in place. Keep in mind that PMI data for the U.S. along with retail sales and CPI for Canada is not factored in here, so caution may be required around

The Canadian dollar has edged lower on Thursday, erasing the gains seen a day earlier. Currently, is trading at 1.3336, up 0.23% on the day. On the release front, Canada releases . In the U.S., the is expected to rebound with a gain of 4.6, after a rare decline in January. Unemployment claims are projected

The Canadian dollar has started the week quietly. Early in the North American session, is trading at 1.3321, down 0.12% on the day. On the release front, it’s a light day for fundamentals, so traders can expected an uneventful day from the pair. Canadian foreign securities purchases sparkled, with a reading of C$28.40 billion, well

A summary of the weekly Commitment of Traders Report (COTS) from CFTC to show market positioning among large speculators. USD net-long exposure moves to a 6-week high against G10 currencies. Among the FX majors, it was again JPY futures which saw the largest weekly net change, with net-short exposure increasing by 7.5k contracts. Only minor

The Canadian dollar has posted slight gains in the Tuesday session. Currently, is trading at 1.3310, down 0.20% on the day. On the release front, Canada releases its annual budget, which should be treated as a market-mover. All eyes are will be on the Federal Reserve, which holds a policy meeting on Wednesday. The Fed

The is up about 0.3% today, currently trading at 1.1357, after falling less than 0.1% yesterday. The single currency has retreated just 1% since the start of the year, but could the downward trend be reversing? Some market observers believe there are various signals pointing to possible recovery. We don’t agree. We think there are

The Canadian dollar is almost unchanged in the Friday session, after slight losses on Thursday. Early in the North American trade, the is trading at 1.3343, up 0.06% on the day. Canadian manufacturing sales surprised with a sharp gain of 1.0%, well above the estimate of 0.4%. In the U.S., the State Manufacturing Index slowed

The Canadian dollar has lost ground in the Thursday session. In the North American trade, the is trading at 1.3340, up 0.30% on the day. On the release, U.S. unemployment claims climbed to 229,000, above the estimate of 225,000. Canadian declined 0.1%, after posting five straight readings of 0.0%. On Friday, the U.S. publishes the

The Canadian dollar is almost unchanged in the Tuesday session. Currently, the is trading at 1.3390, down 0.02% on the day. In economic news, in the U.S. there were no surprises from consumer inflation numbers. edged down to 0.1%, shy of the estimate of 0.2%. CPI remained steady at 0.2%. On Wednesday, the U.S. publishes

The Canadian dollar is unchanged in the Wednesday session. Currently, the is trading at 1.3354, unchanged on the day. On the release front, there are a host of key events. orders are expected to remain at 0.1%, while core durable goods is forecast to slide by 0.5%. On the inflation front, PPI and are both