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Apr 24, 12 •
3664 Views •
Market Commentaries •
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Comments Off on Canada Gets Hit With A Double Whammy
Consumer confidence has fallen in Canada, partly on concerns about employment and recession and high prices, according to the latest data from the Conference Board of Canada. This month, the board’s Index of Consumer Confidence dropped 4.5 points from...
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Apr 24, 12 •
3939 Views •
Market Commentaries •
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Comments Off on What’s In Store For The US For The Rest Of The Week
Markets and investors have been totally distracted this week by the upcoming FOMC meetings and the BoJ rate decision and political problems in Europe that we have not focused on hard core economic data. This week has a lot in store outside of those main...
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Apr 23, 12 •
7316 Views •
Market Commentaries •
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Comments Off on The EUR/GBP Cools Down
At the close of last week the euro/pound held below the 0.8222 previous range bottom. The UK retail sales were reported strong but this was not enough to push sterling from further gains against the single currency. The EUR/GBP basically held a sideways...
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Apr 20, 12 •
3886 Views •
Market Commentaries •
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Comments Off on The EUR/USD Wanders Rudderless
On Thursday, EUR/USD continued to hover within the sideways trading pattern that is in place since earlier this week. The Spanish bond auction went rather well, but failed to change sentiment for the better. EUR/USD dropped temporary below the 1.31 mark, but...
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Apr 19, 12 •
2214 Views •
Market Commentaries •
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Comments Off on EUR/GBP Moves From Spicy To Hot
Today’s eco calendar in Europe is near empty, but the US one is more interesting. Initial claims are expected to have dropped following last week’s surprise sharp rise. The week under review is the post-Easter week, which might again lead to distorted...
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Apr 17, 12 •
5741 Views •
Market Commentaries •
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4 Comments
The Fed goes into black-out mode ahead of next week’s FOMC meeting which will be a key meeting in that it will share updates of quarterly staff projections and forecasts from FOMC officials. The Bank of Canada announced Tuesday that it will keep its...
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Apr 17, 12 •
3934 Views •
Market Commentaries •
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Comments Off on Economic Data From The US Confuses Everyone
On Monday, investors on global markets didn’t really know which card to play. This uncertain trading pattern was also visible in the EUR/USD cross rate. After last week’s steep losses there was no additional news to push the pair sustained below the...
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Apr 16, 12 •
3540 Views •
Market Commentaries •
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2 Comments
This is a mid month week usually a quiet time for economic data. After last week’s Chinese and US data, the markets are looking for directions, but this week, will probably be all about Spain and Italy. News will take the center stage. Below is a quick...
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Apr 13, 12 •
2794 Views •
Market Commentaries •
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Comments Off on A Story About The Euro
Yesterday, following a few sessions in which the euro couldn’t gain ground, enough time had passed to give the euro bulls the confidence and courage (in the US session) to buy euros. EUR/USD closed at 1.3188, a 79 tic’s gain from Wednesday evening....
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Apr 12, 12 •
4314 Views •
Market Commentaries •
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Comments Off on A Down and Dirty Look at the EUR/GBP
Towards the end of last year and early this year, the EUR/GBP cross rate joined the broader market repositioning out of the euro. Investors were well aware that the ECB will keep monetary policy extremely loose in the foreseeable future and will continue to...
