Tag Archive: $CAD

FX Daily, January 12: Dollar and Yields Ease Further, but Look for Recovery

2017-01-12

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2017-01-12

breakdown
After a choppy North American session yesterday, the dollar and US yields remain under pressure. The dollar is lower against all the major currencies and most emerging market currencies, including the recently shellacked Turkish lira and Mexican peso.

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FX Daily, January 11: Dollar Comes Back Bid

2017-01-11

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2017-01-11

FX Performance, January 11 2017 Movers and Shakers
The pound has seen a sharp fall following the interview that Theresa May gave with Sky news on Sunday although there has been a small rebound this afternoon. GBP CHF exchange rates are hovering around 1.2350 for this pair.

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US Jobs Details Better than the Headline

2017-01-07

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2017-01-07

The dollar and US yields are recouping more of yesterday’s decline. A break of $1.0480-$1.05 would suggest the euro’s upside bounce is exhausted. A dollar move above JPY116.80-JPY117.25 would also hint that the greenback was going to make an other run toward JPY118.30-JPY118.60. Sterling support is seen in the $1.2285-$1.2310 area.

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Gold Rises In All Currencies In 2016 – 9 percent In USD, 13 percent In EUR and 31.5 percent In GBP

2017-01-06

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2017-01-06

Gold Price Performance
Gold gains in USD, GBP, EUR, CAD, AUD, NZD, JPY. Gold gains in CNY, INR & most emerging market currencies. Gold surges 31.5% in British pounds after Brexit shock. Gold acted as hedge and safe haven in 2016 … for those who need safe haven. Furthers signs of market having bottomed and bodes well for 2017. What drivers will gold respond to in 2017? EU elections and contagion risk, Geo-politics, terrorism, war and cyber war. Outlook for gold good...

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FX Daily, January 05: Dollar Slide but Resilience Demonstrated while Yuan Squeezed Higher

2017-01-05

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2017-01-05

FX Performance, January 05 2017 Movers and Shakers
There are two main developments. First, the high degree of uncertainty expressed in the FOMC minutes and the repeated references to the strong dollar spurred a wave of dollar selling. The dollar retreated in Asia, but European participants saw the pullback as a new buying opportunity.

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FX Daily, January 04: Consolidation in Capital Markets

2017-01-04

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2017-01-04

FX Performance, January 04 2017 Movers and Shakers
GBP/CHF rates have jumped during the first official day of trading in 2017, with the pair hitting 1.2657 at today’s high. The Pound gained support this morning following positive UK Manufacturing data, which came in well above market expectation. This increased market confidence in the UK economy and the Pound has ultimately benefited as a result, gaining a cent on the CHF.

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A Few Takeaways from the Latest IMF Reserve Figures

2017-01-04

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2017-01-04

Official Foreign Exchange Reserves by Currency
Overall reserve holdings hardly changed in Q3. China continues to bleed its reserves from unallocated to allocated. Sterling's share of new reserves warns it may be losing some allure.

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FX Daily, January 03: Dollar-Bloc and Sterling Advance, while Euro and Yen Slip

2017-01-03

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2017-01-03

FX Performance, January 03 2017 Movers and Shakers
The US dollar is mixed. After a soft start in Asia, where Tokyo markets were closed, the dollar recovered smartly against the euro and yen. The dollar-bloc and sterling are firmer. Sterling's earlier losses were recouped following news that the manufacturing PMI jumped to 56.1, its highest since June 2014.

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FX Daily, December 29: Dollar, Equities and Yields Fall

2016-12-29

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2016-12-29

FX Performance, December 29 2016 Movers and Shakers
In thin holiday markets, a correction to the trends seen in Q4 has materialized. The US dollar is heavy. Japanese and European equities are lower. Bonds are firmer.

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FX Daily, December 28: Short Note for Holiday Markets

2016-12-28

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2016-12-28

FX Performance, December 28 2016 Movers and Shakers
Economic data: Japan stands out with industrial production in Nov rising 1.5%, the most in five months. It was a little less than expected, but the expectations for Dec (2%) and Jan (2.2%) are constructive.

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FX Daily, December 23: Markets Edge into Holiday Weekend

2016-12-23

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2016-12-23

FX Performance, December 23 2016 Movers and Shakers
Asian shares trade heavily. The MSCI Asia-Pacific Index ex-Japan fell 0.4%. It is the fourth lower close this week and brings the loss to 1.75% for the week. It is fallen in seven of the past nine weeks. The Dow Jones Stoxx 600 is little changed on the session and is nursing a minor loss on the week and could snap a two-week advance.

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FX Daily, December 22: Mixed Dollar amid Light News as Investors Move to Sidelines

2016-12-22

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2016-12-22

FX Performance, December 22 2016 Movers and Shakers
GBP/CHF rates have dipped over the past week, as the markets start to slowdown ahead of the Christmas period. Market trends become harder to predict at this time of year, due to the fact there is less capital injected by investors. Less liquidity ultimately equals less stability and the Pound may be suffering due to investors pulling their funds away from it and into safer haven currencies such as the CHF.

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FX Daily, December 12: Dollar and Yen Trade Lower to Start the Week

2016-12-12

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2016-12-12

FX Performance, December 12 2016 Movers and Shakers
The US dollar and Japanese yen are trading lower. The tone is largely consolidative, and the foreign exchange market is not main focus today. Instead, the OPEC-non-OPEC agreement before the weekend is arguably the key driver today. Oil prices are up 4.5%-4.8%, lifting bond yields and supporting oil producers' currencies, like the Norwegian krone, Canadian dollar, the Russian ruble and Mexican peso.

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FX Weekly Preview: Focus Shifts toward Europe

2016-12-05

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2016-12-05

Economic Events: Eurozone, Week December 05
US developments have driven the dollar rally and bond market decline over the past three weeks. Attention shifts to European politics and the ECB meeting. Bank of Canada and the Reserve Bank of Australia meet but are unlikely to change policy.

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FX Daily, November 25: Corrective Forces Emerge, but Underlying Trend is Evident

2016-11-25

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2016-11-25

FX Performance, November 25 2016 Movers and Shakers
The US dollar's recent gains are being trimmed today, and it is down against all the major currencies. Many emerging market currencies, including the Turkish lira, Indian rupee, and Hungarian forint are firmer today.

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FX Daily, November 22: Bonds and Stocks Rally, Leaving Greenback to Meander

2016-11-22

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2016-11-22

FX Performance, November 22 2016 Movers and Shakers
The US dollar entered a consolidative phase yesterday, and this carried into today's activity.While the foreign exchange market is sidelined as the two-week trend slows, the stocks and bonds are posting strong gains today. Equities are being led by energy and materials, as oil and industrial metals continue to advance. Bond are recovering from their recent slide.

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FX Daily, November 04: US Jobs Figures: Another Time the Swiss Franc Strengthens

2016-11-04

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2016-11-04

FX Performance, November 03 2016
With the not convincing U.S. jobs number, both the EUR and, in particular, the Swiss Franc could improve. With continuing political uncertainty in the U.S., more speculators closed their short CHF positions

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FX Daily, November 01: Dollar and Yen Slip in Quiet even if Eventful Turnover

2016-11-01

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2016-11-01

FX Performance, November 01 2016 Movers and Shakers
The US dollar is posting minor losses against most of the major currencies today.The Japanese yen is the exception, as the greenback continues to straddle JPY105. There have been several developments today, and the US also has a full economic calendar today. The most important of the developments was the upbeat message from the Reserve Bank of Australia.

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Canada Renews Inflation Target, but Tweaks Core Measures

2016-10-29

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2016-10-29

Canada maintains inflation target of the middle of a 1-3% band. Adopts a trimmed and median core measure like Australia. Market seems to be under-estimating the risk of a BoC rate cut next year.

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