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CGP News & Resources

Joshua Schlebach

Joshua specializes in working with large volume companies involved in agriculture, manufacturing and pharmaceuticals. With his acute knowledge in the global markets, he seeks to identify his client’s current and future needs. Through spot transactions as well as market orders and forward contracts, Josh strives to ensure his clients protect bottom line costs as well as maximizing profit.

Recent Posts

CAD Trades in Narrow Range

Posted by Joshua Schlebach on 6/30/20 8:22 AM

The CAD is continuing to trade in a relatively tight range today just above the midpoint of the week thus far. Fundamentals today beat expectations but were still abysmal on the morning. GDP numbers posted a -11.6% print, which was slightly better than the expected -12.5% but very concerning nonetheless.

Topics: Market Update

CAD Soft to Open Trading Week

Posted by Joshua Schlebach on 6/29/20 9:55 AM

The CAD is holding onto the soft undertone that we saw at the end of last week and is trading on defensively to open the trading day. News was mixed but limited to second tier releases today. Building Permits posted an impressive beat reporting at 20.2% vs. the expected 10.3%. Both IPPI and RMPI numbers missed their respective forecasts by 1.5% and 13.3%.                  

Topics: Market Update

CAD Edges Lower to End Week

Posted by Joshua Schlebach on 6/26/20 9:17 AM

The CAD is struggling in an overall risk-off market sentiment as Covid fears around economies are resurfacing. No fundamentals again leaves the Loonie trading in line with overall market mood as well as crude prices.

Topics: Market Update

CAD Continues to Struggle on Sentiment

Posted by Joshua Schlebach on 6/25/20 10:05 AM

The CAD fell through the day yesterday and has consolidated most of its losses trading near the lowest point of the week. Again no fundamentals out of Canada today is leaving the Loonie trading on an overall risk-off mood which has put downward pressure on it. No scheduled news remains for the remainder of the week.

Topics: Market Update

CAD Falls on Risk-Off Market Mood and Crude

Posted by Joshua Schlebach on 6/24/20 9:17 AM

The CAD has fallen about half a cent and it following the drop in crude prices however trading within this week’s range. Fundamentals out of Canada were again non-existent as the Loonie is likely to trade in line with overall risk appetite as well as commodity prices. Aluminum tariffs on Canadian product into the US set to me announced later this week may put added downward pressure on the CAD.

Topics: Market Update

CAD Continues to Rally

Posted by Joshua Schlebach on 6/23/20 9:33 AM

The CAD has furthered its gains on the back of broad based USD weakness with encouraging numbers out of economies pointing towards further recovery. No fundamentals to report on domestically will leave the Loonie likely to trade with overall market trends and sentiment. Yesterday’s speech from BoC Governor Macklem failed to provide any further insight to the future path of the central bank.

Topics: Market Update

CAD Makes Gains on Broad USD Weakness

Posted by Joshua Schlebach on 6/22/20 9:49 AM

The CAD has made solid gains this morning of over half a cent as it benefits from an overall positive market mood. News is light on the fundamental side today and for the remainder of the week with the lone point today coming in the form of a speech from BoC Governor Macklem. We should see the Loonie trade in line with the broader market tone as well as any outside developments.               

Topics: Market Update

CAD Remains Range Bound to End Week

Posted by Joshua Schlebach on 6/19/20 9:30 AM

The CAD relatively quiet this morning and trading well within this week’s range. Fundamentals today disappointed but this was likely expected and already priced in.  Core Retail Sales posted a massive drop coming in at -22.0% vs. the expected -12.7%. Retail Sales also missed the mark at -26.4% compared to the forecast of -15.0%.

Topics: Market Update

CAD Trades Close to Week’s Open

Posted by Joshua Schlebach on 6/18/20 9:17 AM

The CAD showed early gains this morning but has since retraced and is trading virtually where we opened the week. Fundamentals were mixed with the ADP Non-Farm Employment Change posting at a gain of 208,400 jobs compared to last month’s loss of 2.3M. Wholesale Sales missed the mark reporting at -21.6% vs. the expected -11.6%.

Topics: Market Update

CAD Slides after Week’s Gains

Posted by Joshua Schlebach on 6/17/20 9:32 AM

The CAD is back to trading where we opened the week after a push higher the past couple of sessions. Fundamentals were limited today but not overly impressive which has pushed the Loonie downwards.  CPI reported at a disappointing 0.3% vs. the expected 0.85, while Core CPI came in at a deflationary -0.1%. Friday’s Core Retail Sales numbers remain the only first tier release for the week.

Topics: Market Update

Recent Posts