USD/CAD Canadian Dollar Flat Ahead of Geopolitical Weekend Risk
The Canadian dollar was flat on Friday as the US dollar rally triggered by the hawkish economic projections published on Wednesday by the Fed were offset by rising risk concerns about North Korea. Canadian data was mixed on Friday putting in question a third rate hike in 2017. Canadian inflation underperformed in July rising by […]
Week Ahead Geopolitics Dampen Dollar Rally
North Korea, Brexit and German elections distract from Hawkish Fed The US dollar is higher against major pairs at the end of trading on September 22. The NZD and the EUR are the main exceptions with elections in the next 48 hours in both regions. Parliamentary elections will begin in New Zealand on Friday, September […]
Canada: Consumer Price Index, August 2017
The Consumer Price Index (CPI) rose 1.4% on a year-over-year basis in August, following a 1.2% gain in July. 12-month change in the major components Prices were up in six of the eight major CPI components in the 12 months to August, with the transportation and shelter indexes contributing the most to the year-over-year rise. […]
Canada: Retail trade, July 2017
Retail sales rose 0.4% to $49.1 billion in July. Higher sales at motor vehicle and parts dealers and food and beverage stores were the main contributors to the gain. Sales were up in 6 of 11 subsectors, representing 75% of total retail trade. After removing the effects of price changes, retail sales in volume terms […]
Fed’s Williams sees calm market reaction to balance sheet unwind
U.S. central banker John Williams said on Friday he does not expect market turbulence as the Fed gets under way with reducing its huge balance sheet. “I don’t anticipate any sudden or large effects on rates or spreads or things like that as we normalize,” Williams, president of the San Francisco Federal Reserve, told reporters […]
Bullet Report : Top 5 things to know in the market Today, September 21st
1.Yesterday’s FOMC meeting caused the Dollar to jump higher across the board as it indicated that the FED is indeed planning one more interest rate hike in 2017. As expected, policy makers left the benchmark interest rate unchanged…
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Gold and Yen Gain on New Korea Angst
September 22: Five things the markets are talking about Global equities have retreated a tad overnight as the market purchased safe haven assets, including gold and yen (¥111.82), after N. Korea intensified their threats against the U.S. The EUR (€1.1957) remains better bid as German voters prepare to go to the polls this weekend. N. […]
The Impact of Hurricanes Harvey and Irma on the U.S. Economy
Atlantic Hurricane Season is more active than ever this year. Two major storms crashed U.S. shorelines in August and September after causing widespread damage to the Caribbean islands. The path of carnage took lives and disrupted regional economies,…
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Friday 22-09-2017 Lookback
Welcome to the weekly review where we look back over the results of some of the previous week’s economic indicators. It gives us the chance to reflect on how much expectations were met or missed and to examine…
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The Fun-Damentals of Forex Trading
Forex trading is often described as a stressful endeavor. Staying awake during the Asian session, watching squiggly lines all day and trying to control your sweaty palms ahead of major news announcements aren’t everyone’s idea of a good…
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