Canada / New Zealand Articles

December 22nd, 2016 - Euro Rejects 1.05, Can a Weak Currency Save the Economy? Daily FX Market Roundup 12.22.16 One of the best performing currencies today was the euro, which rose within a pip of 1.05 versus the U.S. dollar. While the currency pair soundly rejected this key level, its outperformance reflects the benefits brought on by a weaker currency. After losing close to 1000 p...

December 21st, 2016 - 2017 Will Be a Good Year for the Dollar Unless… Daily FX Market Roundup 12.21.16 As the holidays draw near, we have seen very little consistency in the performance of the U.S. dollar. The greenback lost value today versus the euro, Japanese Yen and Swiss Franc but strengthened against sterling and the commodity currencies. Even with these back and forth movem...

December 20th, 2016 - Have AUD and CAD Bottomed? Daily FX Market Roundup 12.20.16 After falling for 4 straight days, the Australian and Canadian dollars finally rebounded against the greenback. Unfortunately the gains have been shallow so it is far too early to draw the conclusion that commodity currencies have bottomed. On a technical basis, AUD/USD and NZD/USD broke below major te...

December 19th, 2016 - Will USDJPY Slip Further on BoJ? Daily FX Market Roundup 12.19.16 The U.S. dollar traded higher against all of the major currencies today except for USD/JPY, which extended its losses for the second day in a row. The topsy-turvy moves in U.S. rates stripped the dollar of its gains against other major currencies. Taking a look at the charts, USD/JPY could drop a...

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...

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