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Tag: CAD

Dollar Consolidates ahead of Today’s Event Risk

Thursday May 17: Five things the markets are talking about Italian political uncertainty continues to dominate European domestic asset prices. Since yesterday, Italian bond yields have ballooned on reports of a draft government program, penned by the proposed populist coalition, the introduction of procedures within the eurozone to allow countries to quit the euro. The […]

USD/CAD – Canadian Dollar Gains Ground on Strong Manufacturing Report

The Canadian dollar has rebounded on Wednesday, after three straight winning sessions. In the North American session, USD/CAD is trading at 1.2819, down 0.45% on the day. On the release front, Canadian Manufacturing Production dropped to 1.4%, but still beat the estimate of 1.1%. In the US, construction numbers were mixed. Building Permits remained steady at 1.35 […]

Italian markets jolted by 5-Star, League coalition proposals

Italy’s borrowing costs jumped on Wednesday and its stocks fell after a draft program for a potential coalition government revealed plans to demand 250 billion euros of debt forgiveness and create procedures to allow countries to exit the euro. The anti-establishment 5-Star Movement and the far-right League party plan to ask the European Central Bank […]

U.S: Monthly new residential construction, April 2018

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2018. Building Permits Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,352,000. This is 1.8 percent (±1.3 percent) below the revised March rate […]

Canada: Monthly Survey of Manufacturing, March 2018

Manufacturing sales rose 1.4% to $57.1 billion in March. Higher sales at primary metal; aerospace product and parts; fabricated metal product; and the other transportation equipment industries were mostly responsible for the increase. Overall, sales were up in 13 of 21 industries, representing 72% of the Canadian manufacturing sector. The primary metal and aerospace product […]

Italian Politics Pounds Euro

Wednesday May 16: Five things the markets are talking about Investors continue to grapple with worries around global trade, growth and geopolitics. Overnight in Asia, equities dipped after N. Korea’s Pyongyang abruptly called off talks with Seoul, throwing a U.S/N. Korean summit into doubt, while surging bond yields stateside has re-energized market worries about faster […]

U.S Retail Sales Advance, while Empire Report Strong Growth

April Advance U.S retail sales m/m: +0.3% vs. +0.3%e Retail sales ex-autos: +0.3% vs. +0.5%e Retail sales ex-auto and gas: +0.3% vs. +0.4%e Americans ramped up spending in April. U.S retail sales rose a seasonally adjusted +0.3% in April. Digging deeper, spending growth was largely broad-based, with food and beverage stores and clothing and accessories […]

Live FX Analysis – 15 May 2018 (Video)

It’s been an interesting month in financial markets in which the dollar has rediscovered its mojo, geopolitical risk has remained heightened, US corporates have shown their strength and central banks around the world have become less bullish. Ahead of another busy data week, Senior Market Analyst Craig Erlam gives his views on the markets at […]

USD/CAD – Canadian Dollar Slips, US Retail Sales Misses Mark

The Canadian dollar has posted considerable slight losses in the Tuesday session. Currently, USD/CAD is trading at 1.2897, up 0.66% on the day. On the economic front, there are no Canadian events on the schedule. In the US, the focus is on consumer spending reports. Retail Sales dipped to 0.3%, shy of the estimate of 0.4%. Core […]

Rate Differentials and Trade Fears Handcuff Capital Markets

Tuesday May 15: Five things the markets are talking about Risk-off trading action and higher sovereign yields dominated capital markets overnight session. Euro stocks continue to struggle for traction following Australasia mixed equity session as investors grappled with worries around global trade, growth and geopolitics. This week’s U.S Treasury bond sell-off continues to deepen and […]