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Tag: CAD

Bring on the FOMC !

FOMC  The FOMC meeting next week has a hike fully priced in so the focus will be on the dot plots and the follow-up presser which has dollar bulls questioning their near-term positions. The meeting will be overly scrutinised to see if there are any changes in the projections, with new Vice-chair Clarida voting for […]

Canadian Inflation Lifts Probabilities of an October Rate Hike

The USD/CAD fell 0.92 percent in the last five days. The currency pair is trading at 1.2921 after various phases of NAFTA jitters have helped and pressured the loonie. The Canadian currency gained on a weekly basis against a softening greenback. US-China trade rhetoric hast lost some traction, and as JP Morgan CEO Jamie Dimon […]

US Dollar Recovers Ground Ahead of Fed Meeting

The US dollar bounced back on Friday, but could not offset the losses suffered during the week. The greenback was lower against most major pairs at the end of five days. Traders adjusted their positions before the weekend giving some breathing room to the USD. The U.S. Federal Reserve will host its two-day meeting on […]

Sterling Down on May Brexit Warnings

May resorts to rehashing old threats after failed Salzburg meeting Theresa May took to the podium on Friday in an attempt to hit back at the EU after she was humiliated in Salzburg in what was meant to be a positive meeting ahead of the Tory Party Conference. While May will be desperate for the […]

Canada retail sales climb, inflation falls, CAD rallies

Canadian retail sales climbed in July following a decline in June, led by demand for food and higher gas prices. Stats Canada said retail sales rose +0.3% in July to a seasonally adjusted C$50.9B. Note: In June, retail sales fell by a revised -0.1%. Ex-autos, July sales rose by a robust +0.9%, despite a decline […]

USD/CAD – Surging Canadian dollar at 14-week high, CPI and retail sales next

The Canadian dollar is trading sideways in the Friday session, after posting strong gains in the Thursday session. Currently, USD/CAD is trading at 1.2924, up 0.13% on the day. On the release front, Canada releases key consumer data. CPI is expected to post a rare decline, with an estimate of -0.1%. Retail Sales is forecast to […]

Central Banks up the ante to normalize interest rates

Friday September 21: Five things the markets are talking about Aside from trade, tariff and retaliation, central banks are upping the ante to “normalize” interest rates. This week, Norway’s Norges Bank has joined the BoE, and the central banks of the Czech Republic and Romania in withdrawing some of its stimulus, while Sweden’s Riksbank has […]

US-China trade war, yesterday’s news.?

US-China trade war, yesterday’s news.? The US stock markets catapulted to a new record high on Thursday as investors continued to sidestep fears over the escalating global trade war and instead focused on a boomy American economy. And at least for today anyway, US-China trade war was yesterday’s news. Make no mistake the US economy […]

Loonie Flat as NAFTA Hope is Cancelled by Oil Drop

The Canadian dollar is nearly flat on Thursday despite the US dollar falling against other major pairs. Trade war fatigue has the greenback on the back foot and the loonie was higher as NAFTA negotiations restarted yesterday. US President Donald Trump on the Organization of the Petroleum Exporting Countries (OPEC) not doing enough to keep […]

U.S weekly jobless claims fall

The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong. Initial claims for state unemployment benefits fell by 3,000 to a seasonally adjusted level of 201,000 for the week ended Sept. 15, the Labor Department said on Thursday. That is […]