Tag: CAD

TRY weakens as CBRT meeting approaches

The Turkish lira weakened slightly on Tuesday as investors weighed up expectations for this week’s central bank meeting, where the monetary policy committee is expected to raise interest rates. TRY has lost more than 40 percent of its value this year due to concerns over President Tayyip Erdogan’s grip on monetary policy and, more recently, […]

BoE’s Carney to stay until January 2020 to smooth Brexit

Bank of England Governor Mark Carney will stay at the central bank an extra seven months until the end of January 2020 to help smooth Britain’s departure from the European Union next year, finance minister Philip Hammond told parliament on Tuesday. Carney had been due to step down at the end of June 2019 — […]

Canada: Housing starts trend decreases in August

The national trend in housing starts continued to decline in August from the historical peak that was recorded in March 2018. This moderation brings total starts closer to historical averages, largely reflecting recent declines in the trend of multi-unit starts from historically elevated levels earlier in the year. The trend in housing starts was 214,598 […]

Focus on the three T’s – trade, tariffs and Trump

Tuesday September 11: Five things the markets are talking about The three T’s – trade, tariffs and Trump are driving capital market asset prices in September. Today, thus far, is a good feel-day as market sentiment seems to be improving, supported by renewed optimism that the U.K can cut a Brexit deal in a timely […]

Another Brexit bounce

Another Brexit bounce Global investors were encouraged by a breakthrough on the European political landscape when reports suggested the European Union chief Brexit negotiator Barnier has been given enormous latitude to get Brexit signed and even stated he expects a deal to happen within weeks. US Markets US equity market continues to climb that trade […]

Trump trade war worries

Monday September 10: Five things the markets are talking about Trade talks, tariffs threats, EM contagion fears and central bank decisions are dominating asset price moves this month. Add geopolitical risks and U.S impeachment possibilities, market volatility is expected to remain elevated for some time. Global equities are trading mixed, with Euro stocks drifting while […]

Phew! Turkey bashing takes a break for now

Tuesday August 14: Five things the markets are talking about Tuesday sees a tentative reprieve for global equities in the wake of Turkey’s induced turmoil and the forex market has managed to stabilize a tad, aided by reports this morning that the Turkish Finance Ministry has scheduled an investor call for Thursday, Aug 16. The […]

OANDA Market Beat Risk Aversion Boosts Dollar

OANDA Senior Market Analyst Alfonso Esparza reviews the major upcoming market news, macro analysis and economic indicator releases that will impact currencies, stocks other asset classes. Subscription available on iTunes https://goo.gl/TZEWRW and GooglePlay https://goo.gl/cRBk39. Tune in every Tuesday and don’t miss a beat as we cover the hottest trends impacting the markets in the week […]

Loonie hanging tough against the crosses, forget USD/CAD

CAD ‘bulls’ are looking to the crosses for some early week wins, especially GBP (£1.6766) and EUR (€1.4980) and will avoid the pain of the long dollar positions in this ‘risk off’ emerging market debacle. Demand for the U.S dollar does not look like slowing down any time soon and with three-month U.S T-Bills at […]

Turkey must ensure independence of central bank

German Chancellor Angela Merkel urged Turkey on Monday to ensure the independence of its central bank as other senior officials said that Turkey’s economic woes were causing great concern. The Turkish lira has lost more than 40 percent against the dollar this year, largely due to worries about President Tayyip Erdogan’s influence over the economy, […]