USD/CAD Weekly Analysis (week of 08-12/06)

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Weekly Summary

USD/CAD moves from 1.35016 to 1.361, a 108 pips change.

New data for Canada Housing Starts was released Monday 12:15 PM comes out at 193.5K, beating projections of 155.0K and showing improvement over the preceding figure of 166.5K. New data for United States Producer Price Index was released Thursday 12:30 PM comes out at 0.4%, beating projections of 0.1% and showing improvement over the preceding figure of -1.3%. While down from preceding data of 6.011M, United States JOLTs Job Openings (Apr) is better than expected at 5.046M according to new data released Tuesday 2:00 PM

Projections for Canada Wholesale Sales (MoM) (Apr) are set for a continuation of decline with -13.3% while previous data was -2.2%, data will be released Thursday 12:30 PM. Expectations for Canada Manufacturing Sales (MoM) (Apr) are set for a continuation of decline with -18.7% while previous data was -9.2%, data will be released Monday 12:30 PM.

Jun. 12, 2020

USD/CAD is trading around 1.3594 after starting the session at 1.3618 (down -0.18%)

(20:00) GMT

USD/CAD slides down from 1.3618 to 1.3594, taking a 23 pips loss (-0.18%)

New data for United States Producer Price Index was released Thursday 12:30 PM comes out at 0.4%, beating projections of 0.1% and showing improvement over the preceding figure of -1.3%. United States Money Supply fall short of the 1,550K projections, with 1,542K and continued its downward trajectory from previous figure of 1,897K. Canada Capacity Utilization Rate fall short of the 80.0% projections, with 79.8% and continued its downward trajectory from previous figure of 81.4%. Data for Canada CFTC was released today at 7:30 PM suggests a downwards trend with -24.8K, while previous data was -34.0K New data for United States Michigan Consumer Sentiment (Jun) was released today at 2:00 PM comes out at 78.9, beating projections of 75.0 and showing improvement over the preceding figure of 72.3.

Jun. 11, 2020

USD/CAD is trading around 1.363 after starting the session at 1.3416(up 1.6%)

(23:00) GMT

USD/CAD remains in the 1.363 range after starting the session at 1.3416 and gaining 214 pips

United States Money Supply fall short of the 1,550K projections, with 1,542K and continued its downward trajectory from previous figure of 1,897K. New data for United States Budget Balance was released Wednesday 6:00 PM comes out at -399.0B, beating projections of -625.0B and showing improvement over the preceding figure of -738.0B.

According to projections Canada Capacity Utilization Rate are set for a continuation of decline with 80.0% while previous data was 81.2%, data will be released tomorrow at 12:30 PM.
Canada CFTC is scheduled for tomorrow at 7:30 PM.
Things might be looking up as United States Money Supply is projected to out perform last figure with 0.6% while it previously stood at -3.3%, data will be released tomorrow at 12:30 PM.

Jun. 10, 2020

USD/CAD is trading around 1.3413 after starting the session at 1.3416 (down -0.02%)

(23:00) GMT

With no major movement USD/CAD closed at 1.3413 after ranging between 1.3419 and 1.3395

Data for United States JOLTs Job Openings (Apr) was released Tuesday 2:00 PM is better than expected with 5.046M, but worse than previous figure of 6.011M. United States Money Supply fall short of the 0.25% projections, with 0.25% and continued its downward trajectory from previous figure of 0.25%. Data for Canada Corporate Profits was released Tuesday 12:30 PM suggests a downwards trend with -38.5%, while previous data was 11.5%

United States Producer Price Index is projected to out perform last figure with 0.1% while it previously stood at -1.3%, data will be released tomorrow at 12:30 PM.
United States Money Supply seems to be pointing downwards with an expected 1,550K while preceding figure was 1,877K, new data will be released tomorrow at 12:30 PM.

Jun. 9, 2020

USD/CAD is trading around 1.3417 after starting the session at 1.3383(up 0.25%)

(22:00) GMT

After starting the session at 1.3383 USD/CAD spiked to 1.3417, dropped back to starting point range, and rallied again to close at 1.3417

New data for Canada Housing Starts was released Monday 12:15 PM comes out at 193.5K, beating projections of 155.0K and showing improvement over the preceding figure of 166.5K. Data for United States JOLTs Job Openings (Apr) was released today at 2:00 PM is better than expected with 5.046M, but worse than previous figure of 6.011M.

According to projections United States Money Supply are set for a continuation of decline with 0.25% while previous data was 0.25%, data will be released tomorrow at 6:00 PM.
United States Federal Open Market Committee is scheduled for tomorrow at 6:00 PM.
United States Budget Balance is projected to out perform last figure with -625.0B while it previously stood at -738.0B, data will be released tomorrow at 6:00 PM.

Jun. 8, 2020

USD/CAD is trading around 1.3379 after starting the session at 1.3499 (down -0.89%)

(21:00) GMT

USD/CAD remains in the 1.3379 range after starting the session at 1.3499 and dropping 120 pips

New data for Canada Housing Starts was released today at 12:15 PM comes out at 193.5K, beating projections of 155.0K and showing improvement over the preceding figure of 166.5K. United States Current Account Balance released today at 5:00 PM with a figure of 0.280%, this is better from previous number of 0.230%

Expectations for United States JOLTs Job Openings (Apr) are set for a continuation of decline with 5.000M while previous data was 6.191M, data will be released tomorrow at 2:00 PM.
Canada Corporate Profits is scheduled for tomorrow at 12:30 PM.
United States Current Account Balance is scheduled for tomorrow at 5:01 PM.