Insights

 

FX Daily
January 22, 2016 Posted by
Global equity markets are rallying on speculation that the ECB will add to its quantitative easing program and that Japan and China may also take steps to support their markets. This speculation is also spilling over into the currency markets, with both the EUR and JPY trading .5% weaker against the USD.
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FX Daily
January 21, 2016 Posted by
Yesterday’s session was volatile and ended the day in negative territory though nowhere near the lows. Equity markets are viewing the relatively strong comeback as a positive, with stocks now rallying this morning. The question is whether today’s price action thus far is going to prove to be another dead cat bounce or the start of a recovery from oversold conditions.
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FX Daily
January 20, 2016 Posted by
The IMF lowered their forecast for global growth in part as a result of slower growth from China. This news added some downside momentum to the global equity rout which now has nearly every index across the globe by in excess of 1% today.
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FX Daily
October 23, 2015 Posted by
The USD is on its longest winning streak in 10 months, having risen for the 7th straight day.  The USD is now at 1 month highs and looks poised to continue making gains as the nation’s economic picture continues to improve.
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FX Daily
October 22, 2015 Posted by
The EUR is trading like a Tom Petty classic song this morning, “Free Fallin”, down by more than a percent 1.5% after the ECB policy decision to leave rates unchanged today was met with a statement that opened the door to additional quantitative easing in December.  The markets broadly expected no change to rates but recent comments from the ECB up to today had been more mixed as to whether or not the Central Bank would even consider expanding their quantitative easing program before year end.
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FX Daily
October 20, 2015 Posted by
The Canadian dollar strengthened modestly, stocks are trading higher, and bonds have sold off following Justin Trudeau’s (Liberal Party) election victory. Markets are speculating that Trudeau’s campaign pledge to introduce infrastructure based deficit spending to jump start the economy will be effective.
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FX Daily
October 19, 2015 Posted by
Canadians head to the polls today to decide a tight election contest.  Justin Trudeau (Liberal Party) is favored over decade long incumbent Steven Harper (Conservative). Trudeau’s platform contains plans for deficit financed infrastructure spending to offset the economic softness triggered by the collapse in oil prices.
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FX Daily
September 17, 2015 Posted by
The Federal Open Market Committee concludes its 2 day policy meeting today. While the probability of a rate hike as implied by interest rate futures contracts is roughly 34%, economists are split roughly 50/50 as to whether or not the Fed will hike today for the first time since 2006 .
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