USD/CAD – CAD dollar gets a boost from wholesale trade and commodities

Data this morning from StatsCanada showed that Canadian wholesale sales increased +1.7% to +C$65.3B in April, the fifth consecutive monthly increase. Higher sales were recorded in five of seven subsectors accounting for +86% of total wholesale sales. Digging deeper, the motor vehicle and motor vehicle parts and accessories subsector were the leading contributor to April’s […]

Pain From Trump’s China Tariffs Spreads

President Donald Trump often cites China’s massive exports to the U.S. as a grave injustice hanging over the world economy. But lately it pays to look at Chinese imports for the pain that his tariff wars are inflicting on global growth. The world’s biggest trading nation last month saw imports from Japan, South Korea and […]

Dollar finds some late week traction

Friday June 21: Five things the markets are talking about Global equities had a mixed session overnight while U.S futures edged lower this morning in a week that market ‘bulls’ have been able to run rampant aided by the support of G7 central banks change in monetary policy rhetoric back to stimulus mode. U.S Treasuries […]

Yields Tumble allowing US dollar to plummet

Week of June 17-21 The prospect of a new era of easy money continues to resonate through global financial markets. Yields are tumbling to record lows, the dollar plummeting and US stocks resume their march to all-time highs after the Fed’s dovish capitulation. U.S Treasuries are leading the sovereign bond rally, with 10’s falling below […]

Dollar ready for next move after Fed decision

Wednesday June 19: Five things the markets are talking about The dollar is largely unchanged overnight against G10 currencies as investors await central bank meetings, including the conclusion of the Fed’s two-day meeting later today. Markets are entering uncharted waters, sovereign yields trade atop of year lows, equities looking to breach new highs now that […]

Central Banks become extra ‘dovish’

Rate differentials, global growth concerns and G7 Central Banks ‘extra’ dovish rhetoric this week has provided the U.S dollar ample support to be trading at six-month highs across the board. Even the petro-currencies are having trouble gaining traction despite the elevated crude oil prices. Brent, in particular, has been receiving support from a halt of […]

Dovish Central Banks Support the U.S dollar

Thursday April 25: Five things the markets are talking about European equites are under pressure while U.S futures tread water as investors continue to analyze a plethora of corporate earnings against a backdrop of global growth concerns. Note: To date, +80% of S&P 500 companies results have beaten market expectations. The ‘big’ dollar continues to […]

Dollar remains the dominant force

Wednesday April 24: Five things the markets are talking about European and Asian equites are/have been under pressure this Wednesday morning, while U.S stocks are pointing to a nondescript open, one day after a new registered record close. U.S Treasuries are climbing, and the dollar is slowly extending its rally to a six-week high. Note: […]

ECB on hold, Draghi’s press conference comments

The European Central Bank (ECB) left its policy mix unchanged today, giving the bank more time to assess the impact of its latest burst of stimulus on the faltering eurozone economy. In a statement Wednesday, the ECB reiterated that it doesn’t “expect to increase its key short-term interest rate, currently set at -0.4%, before next […]