USD flows: USD surges on strong employment report

January 10, 2025 1:53 PM UTC

US employment report generally strong. USD up 0.5% across the board except against the CAD as the Canadian employment report shows similar strength

USD, CAD flows: USD little changed after mixed data

December 17, 2024 1:54 PM UTC

US retail sales and Canadian CPI data mixed. Little net USD impact

CAD flows: USD/CAD dips as BoC seen as less dovish than expected despite 50bp cut

December 11, 2024 3:16 PM UTC

USD/CAD slips lower after BoC

USD flows: USD lower despite slightly stronger than expected employment report

December 6, 2024 1:49 PM UTC

US employment report broadly consensus but marginally on the storng side. But market reaction yield and USD negative

CAD flows: USD opening softer

November 29, 2024 2:05 PM UTC

USD/CAD firmer after soft Canadian GDP

CAD, USD, JPY, EUR flows: USD firmer on tariff announcement

November 26, 2024 7:47 AM UTC

USD gains strongly versus CAD and MXN after Trump tariff annoucnment. General USD gains may not hold

CAD flows: Stronger CPI CAD supportive

November 19, 2024 3:18 PM UTC

Canadian CPI on the strong side pushing USD/CAD sub-1.40

CAD flows: 1.40 broken for the first time since the pandemic

November 14, 2024 9:39 AM UTC

USD/CAD moves abve 1.40 for the first tme since the pandemic and there is scope for further gains

USD flows: USD up on likely Republican clean sweep

November 6, 2024 7:32 AM UTC

USD up as Trump victory seems assured with the Republicans also likely to win both houses of Congress. JPY to suffer most initially on risk positive move 

USD flows: USD firmer after data

October 30, 2024 1:37 PM UTC

Solid GDP and strong ADP underpin USD

CAD flows: CAD modestly softer after 50bp BoC cut

October 23, 2024 1:53 PM UTC

The 50 bp cut was nearly fully priced in, and Canadian yields are only slightly lower. But there is still scope for USD/CAD gains. 

CAD flows: CAD rises after better employment data

October 11, 2024 1:07 PM UTC

USD/CAD lower after unemployment rate drops

USD, JPY, CHF flows: Safe havens firm on Middle East tension

October 2, 2024 6:48 AM UTC

Safe havens remainign strong as Middle East tension rises. Oil price move thus far is modest, but fears of escalation remain. JPY the best value of the safe havens.

USD, CAD flows: USD slightly firmer after retail sales

September 17, 2024 1:17 PM UTC

US retial sales marginally on the firm side, underlying trend solid. Canadian CPI marginally weak. USD edges higher but focus on the Fed. 

CAD flows: CAD marginally softer after CPI

August 20, 2024 1:02 PM UTC

Canadian CPI much as expected. CAD slightly weaker

USD flows: Softer after weaker PPI

August 13, 2024 12:47 PM UTC

USD generally softer after weaker than expected PPI

CAD flows: Two way risks after better trade data

August 6, 2024 1:23 PM UTC

CAD little changed after trade data. Risks remain two way

CAD flows: CAD weaker after softer retail sales

July 19, 2024 12:41 PM UTC

May retail sales weaker than expected and June projected weak

CAD flows: CAD softer after weaker CPI

July 16, 2024 1:01 PM UTC

USD/CAD back above 1.37, but upside limited

CAD flows: CAD lower on BoC cut

June 5, 2024 2:03 PM UTC

BoC cut the deposit rate 25bps as widely expected, but still upside scope for USD/CAD

USD flows: USD softer after data

May 31, 2024 12:56 PM UTC

US core PCE weaker than expected.

CAD flows: CAD falls on weaker CPI

May 21, 2024 12:41 PM UTC

BoC core CPI measures weaken incrasing the chance of a June 5 rate cut

CAD flows: CAD firmer after stronger employment data

May 10, 2024 1:12 PM UTC

Strogner employment data pushes CAD yields up and USD/CAD lower. But still a good chance of a June rate cut so risks may be to the CAD downside

USD, EUR, JPY, AUD, CAD flows: PMIs awaited, AUD and CAD rallies look fragile

April 23, 2024 6:44 AM UTC

PMIs awaited with mild downside bias for European currencies. AUD and CAD gains looks suspect given yield spread picture

CAD flows: CAD softer after weaker CPI

April 16, 2024 12:57 PM UTC

All CPI measures below expectations, widening spreads with the US and suggesting USD/CAD scope above 1.38

CAD flows: Scope for CAD to weaken further after BoC

April 10, 2024 2:26 PM UTC

BoC suggest June rate cut still very likely. Upside risks for USD/CAD

USD, EUR, JPY flows: Market static ahead of US CPI

April 9, 2024 6:47 AM UTC

Little change in the main FX pairs. European bank lending survey and NFIB survey may be of interest today

EUR, JPY, CHF flows: Better risk tone, EUR has scope for recovery

April 8, 2024 6:52 AM UTC

Risk appetite reocverign, EUR may get support from better German production

USD, CAD flows: Employment data USD positive, CAD negative

April 5, 2024 12:52 PM UTC

USD up on a stornger than expected employment report, CAD down as Canadian data disappoints

USD, CAD flows: CAD up as GDP outperforms expectations

March 28, 2024 12:39 PM UTC

USD/CAD drops 20 pips as January GDP comes in at 0.6% - above the 0.4% consensus.

CAD flows: USD/CAD higher as Canadian CPI comes in softer than expected

March 19, 2024 12:44 PM UTC

All the core measures monitored by the BoC saw a 0.2% drop in the y/y rate. Front end CAD yields have dropped sharply, suggesting scope for further USD/CAD gains. 

USD flows: USD softer after employment data

March 8, 2024 1:55 PM UTC

US labour market data seen as slightly weaker, with strong February employmet offset buy downward revisions to previous months, weaker earnings data and higher unemplyoment. USD/JPY continues to look the most vulnerable. 

CAD flows: CAD firmer after BoC

March 6, 2024 3:15 PM UTC

BoC indicating no rate cut on the agenda supports CAD

USD/CAD flows: Gap Filled

March 4, 2024 5:04 AM UTC

OPEC+ extends output cuts by three months

CAD flows: CAD weakens on soft CPI

February 20, 2024 1:53 PM UTC

Canadian January CPI weak across the board, suggesting USD/CAD has scope to 1.3550

CAD flows: CAD makes modest gains on employment report

February 9, 2024 2:03 PM UTC

USD/CAD edged lower after better headline data, but downside limited

CAD flows: CAD dips as BoC loses tightening bias

January 24, 2024 3:00 PM UTC

Less hawkish BoC justifies some CAD losses with CAD already a little stretched based on current yield spreads

CAD flows: CAD gains after stronger core CPI numbers

January 16, 2024 1:41 PM UTC

USD/CAD edges lower after core CPI measures come in above consensus in December

USD, EUR,JPY, CAD, NOK flows: USD firm, CAD vulnerable, EUR money data in focus

January 2, 2024 7:40 AM UTC

The USD is still mostly yield spread driven, but the CAD looks overcooked. Eurozone money data may pressure the EUR.

USD/JPY, EUR/USD flows: Divergence Today

December 29, 2023 2:16 PM UTC

NY trading has seen the divergence in the G10 currencies remaining with CHF and NOK the clear winner; EUR doing well and AUD/CAD/JPY and NZD on the defensive. 

EUR/USD, GBP/USD, USD/CAD flows: NY USD Decline

December 27, 2023 4:55 PM UTC

USD bearishness and flows is hurting the USD.

USD/CAD, EUR/CAD flows: CAD gains modest after stronger CPI

December 19, 2023 2:21 PM UTC

USD/CAD is slightly lower, but EUR/CAD is unchanged on the day which looks like an under-reaction