Tag Archives: CAD
FX G10/EM Morning Trader Views
EUR – so month end doesn’t conform to expectations/or models by selling off into and rallying into the close to stand at 1.3020 as we open in ldn this morning.
FX Morning Rundown
Asian bourses were mixed overnight with the Nikkei leading losses (unofficially closes down 3.72% at 13,261.82)
CFTC: JPY short at 2007 high – dollar long rise for a fourth week
Hedge Funds continued to accumulate dollars during the week ending May 28 according to the latest data from the Commodity Futures Trading Commission.
The Week Ahead in FX
In the week ahead investors will be focusing the outcome of policy meetings by the European Central Bank, Bank of England and Reserve Bank of Australia.
Weekly Economic & Financial Commentary
U.S. Review Softer Consumer Spending to Start Q2 • The second look at Q1 GDP growth showed little change from the first release.
Does Faster Growth in Canada Mean Rate Hikes?
The Canadian economy expanded at a 2.5 percent annualized rate in the first quarter. The outturn was better than consensus expectations and
FX Daily Strategist: US
Volatility and position-adjustment to dominate FX Fundamentals are not driving the FX markets, but position-adjustment amid rising (Bernanke-induced) market volatility is.
Mid-Day FX Market Analysis
USD: The Dollar has put together a moderate recovery rally this morning, but still has some work to do after a sizable downside breakout took prices well below their mid-to-late May trading range.
FX Daily Strategist: Europe
Data may keep the USD defensive into month-end The USD has weakened broadly over the past 48 hours, giving up some of its May gains heading into month-end.
Mid-Day FX Market Analysis
USD: The Dollar followed through on yesterday’s severe turnaround with a downside breakout during overnight trading,
Bank of Canada Holds Overnight Rate at 1.00% and Maintains Mild Tightening Bias
• The Bank of Canada left the overnight rate unchanged at 1.00% as expected and maintained its forward guidance that rates are likely to stay low for
Bank of Canada leaves interest rate unchanged at 1%
The Bank of Canada left its benchmark rate on overnight loans between commercial banks stagnant at 1% for the 22 consecutive meeting,