Tag: Market Monitor

New Nafta supports loonie

Monday October 1: Five things the markets are talking about Canada’s loonie, the Mexican peso, along with North American stock futures have gained overnight after the U.S and Canada confirmed a deal to save the ‘old’ Nafta, now named USMCA – United States, Mexico, Canada agreement. In Asia, trading volumes were below normal overnight, with […]

Czech central bank hikes rates

The Czech National Bank (CNB) hiked its key interest rate for the sixth time in 12-months earlier this morning. The CNB increased its two-week repo rate to +1.5% from +1.25%, and its Lombard rate to +2.5% from +2.25%. The vote was 6-1 to raise rates – one voted to keep policy steady. In the following […]

Look to Fed’s Powell for help

Wednesday September 26: Five things the markets are talking about Global stocks are trading mixed ahead of today’s FOMC rate decision, with Asian shares closing out higher, while Euro bourses are a tad down as Italy’s budget talks continue to be a source of concern. The Italian government has until tomorrow to outline its fiscal […]

If in doubt, look to the Fed for direction

Tuesday September 25: Five things the markets are talking about It’s a return to the drawing board for many investors who are now back online beginning their holiday shortened Asian trading week. Euro equities are trading mixed following a “get back to basics” Asian session as investors ponder the outlook for global trade and U.S […]

Brexit sterling shorts back to July 2016 levels

“Bear” pound speculators hold nearly the same amount of net short positions in sterling as they did in July 2016. This would suggest that the markets worries about how the Brexit divorce on March 29, 2019 will look, and the uncertainty surrounding it, has got back to levels it was at just after the referendum […]

Fed and trade threats to drive markets

Monday September 24: Five things the markets are talking about Global equities are under pressure as China called off planned trade talks with U.S, potentially triggering an escalation in the tariff war between the world’s largest economies. Note: U.S’ tariffs on +$200B in China goods took effect at midnight, while China’s counter tariffs on +$60B […]

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 […]

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 […]

U.S safe-haven appeal diminishes

Thursday September 20: Five things the markets are talking about It’s not been easy, two and two do not add up when trading these Twitter directional asset classes. Fundamentals have been temporary ignored as the ‘lemming’ trades takes a grip. Fading market fears over a Sino-U.S trade row has the U.S dollar trading within striking […]

Hungary central bank leaves rates unchanged

As expected, the Hungarian Central Bank (MNB) left their base rate unchanged at +0.9% this morning. It’s the 28th consecutive pause for the base rate in the current easing cycle. Also, policy makers left the overnight deposit rate at -0.15%, as expected. Yesterday, Hungary’s 10-year government bond yields rallied to its highest level since early […]