Tag Archives: CAD
Canadian July GDP Offsets June Drop
* July 2013 gross domestic product (GDP) rose a stronger than expected 0.6% in the month, which more than reverses the 0.5% drop in June.
The Week Ahead in FX
In the week ahead, investors will be focusing on Friday’s U.S. nonfarm payrolls report, for indications on whether the economic recovery is sufficiently strong for the Fed to
Weekly CFTC Trader Positioning Data
• The market is adding to FX risk and slowly shifting to a more bearish USD stance. There is now a large long EUR position and large short JPY and AUD holdings;
The Week Ahead in FX
In the week ahead, uncertainty over the direction of Federal Reserve policy and the decision over Chairman Ben Bernanke’s eventual successor look likely to weigh on the dollar.
FX Sentiment Report
* Shifts in sentiment were biased against the USD following the Summers resignation and heading into Wednesday’s FOMC,
US Morning Update
Major Overnight Headlines • RBI unexpectedly boosts repo rate by 25bps to 7.50%; lowers marginal lending rate by 75bps
FX Daily Strategist: Europe
FOMC Meeting in focus: favour long positioning in AUDJPY The long-awaited September FOMC meeting finally arrives today.
Canadian Manufacturing Sales Rebound in July
* Manufacturing sales rebounded 1.7% in July, well above market expectations for a 0.5% gain, following a revised 0.1% decline (was -0.5%) in June.
The Week Ahead in FX
In the week ahead, investors will be keenly anticipating the outcome of the Fed’s policy-setting meeting on Wednesday,
Weekly CFTC Trader Positioning Data
* There are three key takeaways from this report:1) Traders were nervous and scaled back risk as most currencies saw a reduction in gross short and
The Week Ahead in FX
In the week ahead, the dollar looks likely to remain under pressure ahead of the outcome of the Fed’s upcoming policy meeting later in the month.
Weekly Economic & Financial Commentary
U.S. Review Mixed Signals About Third Quarter Growth • The August employment report signaled continued modest job growth.