Tag: Bank of Canada (BoC)

Turkish Lira Collapse Continues

Wednesday May 23: Five things the markets are talking about Geopolitical risks from Turkey to N. Korea, from China to Italy, have pressured global equities in overnight trade. U.S Treasuries, along with the ‘mighty’ dollar have found support, while crude oil prices dropped along with most commodities. Yesterday, U.S President Donald Trump tempered market optimism […]

Canada: Wholesale trade, March 2018

Wholesale sales rose 1.1% to $62.8 billion in March, more than offsetting the decline in February. The motor vehicle and parts subsector contributed the most to the gain. Excluding this subsector, wholesale sales rose 0.2%. Sales were up in four of seven subsectors in March. In volume terms, wholesale sales rose 0.8%. In the first […]

Trade Ceasefire Supports Risk Assets

Tuesday May 22: Five things the markets are talking about Markets traded mixed overnight, with global equities drifting and a number of risk currencies finding support as investors digest easing trade tensions and the latest comments from a plethora of central bank members. The EUR (€1.1809) has found some traction as Italian bonds recover from […]

Loonie Plummets on Weak Data

Data this morning showed that Canada’s annual inflation rate slowed slightly last month, but remained above the Bank of Canada’s (BoC) +2% inflation threshold for a third consecutive month. Canada’s CPI rose +2.2% on year-over-year basis in April. Today’s headline print was just shy of the markets expectation of +2.3%. On a month-over-month basis, prices […]

Italian politics to decide markets fate

Friday May 18: Five things the market is talking about In Europe, regional bourses are trading a tad lower as E.U stocks fail to follow their Asian counter parties higher on a potential breakthrough in trade negotiations between China and the U.S. The yield on U.S 10-year notes (+3.105%) is steady after reaching their highest […]

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 […]

The trend is your friend.

The trend is your friend. Currency Markets There was an intense focus on Italy Wednesday thanks to speculation that its new coalition government would request that the ECB write-off the bank’s QE-acquired debt of EUR250bn. Panic ensued with the EURUSD plunging to 1.1760 before recovering after the report was denied. But the Italian political noise […]

USD/CAD – Loonie Rallies on Inflation Data

Statistics Canada data this morning showed that headline inflation in Canada slowed last month, while measures of underlying prices strengthened to their highest level in 18-months. Canada’s consumer-price index rose +1.7% y/y in January, following a +1.9% advance in December. Market expectations were for a +1.5% lift. On a month-over-month basis, prices rose +0.7% in […]

Fed Rhetoric to Dictate Dollar Direction

Friday February 23: Five things the markets are talking about Ahead of the U.S open, Euro equities are struggling for direction after a positive Asian session as the market debates the outlook for central banks ‘normalizing’ their policies. Euro bonds have gained along with Treasuries, while the dollar steadies after yesterday’s drop. With no U.S […]

Higher Yields Pushing Dollar Up

Tuesday February 20: Five-things the markets are talking about Overnight, global stock indexes have declined along with U.S futures, while the ‘big’ dollar has rallied a tad as U.S Treasury yields back up towards their four-year highs. No central bank meetings are scheduled for this week although minutes from the latest FOMC (Wed) and the […]