USD is Bid in Risk Off Day
October 31, 2011 3:10 pm by Russell GlaserWith the monthly close coming today which caps an October that saw a sharp run up in the prices of risky assets the USD has caught a bid. $89 Bn of this bid likely came from the Japanese Ministry of ...
Canadian GDP Data Reveals Stable Growth
October 31, 2011 1:04 pm by Greg HoldenThe early afternoon release of Canada’s GDP data revealed an economy in modest stability. The release of a nation’s gross domestic product report is a strong indicator of that nation’s economic health and well-being. Today’s release revealed to investors that ...
Weekly Technical FX Preview – Japanese Intervention Fails to Break USD/JPY Downtrend
October 31, 2011 9:18 am by Russell GlaserAnother round of FX intervention has lifted the USD/JPY 400 pips for a 5.29% gain.
Weekly Fundamental FX Preview – US Monetary Policy Back in Focus
October 28, 2011 2:23 pm by Russell GlaserToday’s consolidation in the G10 currencies is not too surprising given the awesome rally the majors put in yesterday and in particular for the month of October versus the USD. The start of the new month will be highlighted by ...
Advance US GDP Supports Growth Prospects
October 27, 2011 2:17 pm by Greg HoldenThursday release of Advance GDP in the United States underscored a plausible increase in the nation’s economic growth. As an early indicator of economic expansion in the world’s largest economy, this indicator is highly important to gauging the direction of ...
Market Sentiment at a High following European Agreement
October 27, 2011 1:01 pm by Russell GlaserFollowing the European agreement to leverage the remaining EUR 290 Bn in the EFSF up to EUR 1.0 Trn, increasing banks’ Tier 1 capital, a 50% haircut on Greek debt, and the removal of the ECB from the EFSF, financial ...
Q3 US GDP Could Outperform but Data may be Overlooked
October 26, 2011 4:35 pm by Russell GlaserTypically US GDP is a high impact event in the foreign exchange market though tomorrow’s data may be overlooked given the tensions in Europe and the continued talk of QE3 by the Fed.
US Durable Goods Orders Reported with Mixed Results
October 26, 2011 3:44 pm by Greg HoldenThe publication of the durable goods orders reports from the United States earlier this afternoon revealed a mixed sentiment regarding the manufacturing sector of the world’s largest economy. The nominal figure came in with a reading slightly below forecasts with ...
Canadian Retail Sales Bullish in October
October 25, 2011 2:53 pm by Greg HoldenHoliday shopping appears to be boosting retail sales in most countries which celebrate the end-of-year holidays such as Christmas. Indicators appear to be suggesting that consumer spending is on the rise in most Western countries and Canadian retail sales supports ...
Canadian Interest Rate Decision
October 25, 2011 12:17 pm by Russell GlaserToday the BoC will release its interest rate decision and its accompanying statement. Canadian retail sales are also on the economic calendar though markets will be squarely focused on the BoC. The CAD has recovered nicely with the USD/CAD looking ...
