Canada / New Zealand Articles

December 15th, 2016 - Dollar is on Fire, Is Euro Headed to Parity? Daily FX Market Roundup 12.15.16 The U.S. dollar is on fire, rising to its strongest level in more than 13 years. In the past month alone, the Dollar Index is up more than 3 percent and in the last 4 months it has appreciated nearly 10%. With USD/JPY breaking above 118 and EUR/USD breaching 1.04, many investors are ...

December 14th, 2016 - USDJPY Breaks 117 as Fed Sees 3 Hikes in 2017 Daily FX Market Roundup 12.14.16 The U.S. dollar traded sharply higher against all of the major currencies today on the back of the Federal Reserve’s monetary policy announcement. No one was surprised by the Fed’s 25bp rate hike but the dot plot forecast shows policymakers looking for 3 rate hikes in 2017. This ...

December 11th, 2016 - Our Fed Preview and Dollar Outlook The last time the Federal Reserve tightened monetary policy was in December 2015 but that will change in a few days with the U.S. central bank preparing to raise interest rates for the first time in a year. A lot has changed over the past year but the one thing that has not is that monetary policy announcements are big market mo...

December 7th, 2016 - Euro - Here’s What We Expect from the ECB & Euro Daily FX Market Roundup 12.07.16 The euro is trading higher ahead of this year’s final European Central Bank monetary policy meeting and the big question tomorrow is whether there will be an ECB surprise that triggers the same 4-cent (400 pip) move in EUR/USD that we saw in December 2015. Around this time las...

December 7th, 2016 - Market Drivers December 7, 2016 AU GDP Misses UK MP/IP Miss badly Nikkei 0.74% Dax 1.45% Oil $51/bbl Gold $1173/oz. Europe and Asia: AUD AU GDP -0.5% vs. 0.3% GBP UK IP 0.3% vs. 0.8% GBP UK MP -0.9% vs. 0.2% North America: CAD Rate Decision 10:00 It’s been a night of data misses on FX with both AU and UK economic reports posting very disappointing ...

December 6th, 2016 - CAD: Will Trump Worry the Bank of Canada? Daily FX Market Roundup 12.06.16 After the Italian referendum, the forex market turned its focus to 3 monetary policy announcements. The Reserve Bank of Australia was the first central bank to meet last night – they left interest rates unchanged and offered a benign outlook for the Australian economy. While the RBA sa...

December 6th, 2016 - Market Drivers December 6, 2016 RBA leaves rates on hold NZD tumbles on stops Nikkei 0.47% Dax 0.11% Oil $51/bbl Gold $1172/oz. Europe and Asia: AUD RBA leaves rates at 1.50% EUR GDP 1.7% vs. 1.6% North America: USD Trade Balance 8:30 CAD Trade Balance 8:30 Price action in the FX market was decidedly more subdued on the second trading day of the week...

December 5th, 2016 - 3 Reasons Why EURO Verticalized After Italy Vote Daily FX Market Roundup 12.05.16 Many investors may be wondering why EUR/USD verticalized after the Italians voted against Prime Minister Renzi’s Senate reforms especially after EUR/USD dropped within a few pips of 1.05. We have identified at least 3 reasons for the reversal: 1. German – U.S. yield spread ...

December 2nd, 2016 - The Dollar Could Correct Further After Muted Jobs Report Daily FX Market Roundup 12.02.16 With less than 2 weeks to go before the December Federal Reserve meeting, investors were not impressed by the latest U.S. jobs report. They were happy to see job growth rise by 178K, but the increase was less than 200K and accompanied by a drop in average hourly earnings. ...

November 30th, 2016 - Dollar Rips Higher, OPEC Reaches Deal Daily FX Market Roundup 11.30.16 The OPEC meeting may have been the main focus today but the soaring U.S. dollar was the big story. The greenback ripped higher against all of the major currencies with USD/JPY breaking above 114 in the process. The currency pair made a new 8 month high and is now eyeing 115. The rally was d...

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