Jack Spitz
Jack Spitz
accounts buying canada looking market model momentum money names
Model names and momentum accounts are looking at buying Canada and (International Money Market futures) names are on it already.
above buying canada canadian corporate dollar looking model momentum support technical traders
There's been corporate support for dollar/Canada all the way down here. Model funds, momentum types, technical traders are still looking at buying the Canadian dollar even above 88 cents.
call interest modest rate repeated
He repeated the call for modest interest rate increases.
canadian favorable given implies interest nearer rate rather somewhere statement
Given the Fed's middle-of-the-road statement that the end is somewhere nearer rather than further, it implies that the (U.S.-Canada) interest rate differential is going to narrow, and that is favorable for the Canadian dollar.
canadian news positive
The news was all, on balance, positive for the Canadian dollar.
bank canada canadian continue economic number strength supportive
The number underscores economic strength in the country. Bank of Canada may continue its hawkish stance. This is supportive to the Canadian dollar.
action dollar dominating north pressure price throughout
The U.S. dollar is under pressure today, which is dominating price action throughout the North American session.
action closed expected king luther markets martin north price remain throughout
U.S. markets are closed for Martin Luther King Day so price action is expected to remain muted throughout the North American session.
canadian election impact likely negative nor
The upcoming election on Jan. 23 isn't likely to have a negative impact on the Canadian dollar. Nor should it.
successful
I see a test, and a successful one at that, through the 14-year high.
action against both canadian dollar given lower price supportive
Price action is still (pushing the U.S. dollar lower against Canada) given the price of commodities and energy, which are both supportive of the Canadian dollar going forward.
against buy canada dollar euro looks
Canada looks to be a buy not only against the U.S. dollar but the euro as well.
bad canadian continue dollar morning numbers released support
There's support for the Canadian dollar because fundamentally the numbers that were released this morning were still not bad enough to continue to see the Canadian dollar weaken.
across buying compared data dollar less payroll reaction
After the payroll data was released, it was more or less U.S. dollar buying across the board, but Canada's reaction was muted when compared with other currencies.