Canada / New Zealand Articles

January 21st, 2013 - Market Drivers for Jan. 21, 2013 Yen cross profit taking dominates open US markets closed today Nikkei -1.52% Europe 0.24% Oil $95/bbl Gold $1689/oz. Europe and Asia: EUR German PPI -0.3% vs. 0.0% GBP Rightmove 0.2% vs. 3.3% North America: US markets closed CAD Wholesale Sales 8:30 Trading has been dominated by profit taking on yen crosses on the fir...

December 26th, 2012 - Daily FX Market Roundup 12-26-12 Best and Worst Performing Currencies of 2012 EUR/USD Rallied Renewed GBP: Boxing Day is a Boom for Retailers NZD: 8 Trading Days Without a Rally AUD: Chinese Industrial Profits Due Tonight CAD: WTI Crude Above $90 JPY: Abe Reaffirms Threat to Change BoJ Law Best and Worst Performing Currencies of 2012 The lack of partic...

December 24th, 2012 - We would like to first wish our readers a very happy and joyful holiday. This is a shortened trading week in many markets around the world. The U.S. markets will close early at 1pm ET on Monday and remain closed for Tuesday. In other parts of the world some markets will also be closed for Boxing Day on Wednesday. As a result, there’s very little economic data ...

December 4th, 2012 - With no U.S. economic data on the calendar this morning, positive risk flows continued to drive the U.S. dollar lower against all of the major currencies. Between the rise in S&P 500 futures and the downtrend in European bond yields, the EUR/USD has risen to its highest level in 7 weeks. In fact, over the past 12 trading days, we have only seen one down day in EUR/U...

October 24th, 2012 - The FX market is trading primarily on country specific factors this morning and not risk appetite because the dollar is up against the euro and Swiss Franc and down against the British pound, Japanese Yen and commodity currencies. The story is Asia versus Europe. An improvement in Chinese manufacturing activity in October provided a boost to commodity currencies and...

October 23rd, 2012 - With no major economic data released in Asia, Europe or North America, currencies are taking their cue from equities. All of the major European indices are down more than 1% and Dow futures have fallen sharply, pointing to a significantly lower open this morning. The only possible explanation for the risk aversion is snap U.S. Presidential Polls declaring Obama the w...

October 23rd, 2012 - Market Drivers October 23, 2012 Risk aversion dominates early Europe Spain sells 3.53B vs. 2.5B planned bills Nikkei 0.04% Europe - 0.74% Oil $88.41/bbl Gold at $1718/oz. Europe and Asia: AUD Conference Board Leading Index -0.8% vs. 0.0% EUR EZ Consumer Confidence n/a GBP BBA Loans for House Purchase 31.2K vs, 30.9K North America: Canadian Retail Sales ...

September 21st, 2012 - Early gains in the currency market are beginning to fade, particularly for the EUR/USD, which has ben experiencing unusual intraday volatility today. The lack of economic data out of the Eurozone and the U.S. makes the wild swings even more peculiar but flows out of Switzerland and the Middle East along with reports that demands from Italy could delay German ratifica...

September 5th, 2012 - Market Drivers September 05, 2012 Risk off in Europe as data remains dour AU GDP misses as consumption slumps Nikkei -1.09% Europe -0.47% Oil $94.90/bbl Gold $1692/oz. Europe and Asia: AUD GDP 0.6% vs. 0.8% AUD AiG Performance of Service Index 42.4 vs. 46.5 CHF CPI 0.0% vs. 0.1% EUR German Purchasing Manager Index Services 47.2 vs. 47.5 EUR Eurozone Re...

July 24th, 2012 - FX: Mixed CAD Data, Yields and Stocks Keeps Euro Pressured Canadian retail sales were the only piece of North American data on the calendar today and according to the latest report, consumer spending in Canada rose 0.3% in May. Since economists were looking for a 0.5% rise, the magnitude of the increase was less than expected but the Canadian dollar held onto its ...

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