Submitted Sep 22, 2016|From marketpulse.com

The Canadian dollar rose again on Thursday on the back of a soft U.S. dollar following the decision by the American central bank to leave rates unchanged in September. Earlier on Wednesday the U.S. crude inventories had reported a drawdown of 6.2 ...

Submitted Sep 22, 2016|From marketpulse.com

Can we shout deja vu loud enough? The Fed came with the same story, just inserted different figures and months. Chair Yellen and company left rates unchanged yesterday, but pointed to an increased likelihood of a hike in November or December – if ...

Submitted Sep 21, 2016|From marketpulse.com|4 comments

The focus shifts to the Fed now that the BoJ has scrapped their monetary base framework in favor of “Yield-Curve Control.” Only time will tell if Kuroda’s new shift in policy will be a success. It seems that Japanese policy makers are hoping that ...

Submitted Sep 19, 2016|From marketpulse.com

The Japanese central bank is running out of monetary policy options The Bank of Japan (BoJ) will release its monetary policy statement on Tuesday, September 20 at around 11:00 pm EDT. A press conference with BoJ Governor Haruhiko Kuroda is scheduled ...

Submitted Sep 19, 2016|From marketpulse.com

Central banks have certainly woken up the stock and bond markets from their summer slumber, but not yet the FX markets. This week’s events should go along way to rectify that imbalance. With the Federal Reserve and Bank of Japan rate decisions set ...

Submitted Sep 16, 2016|From marketpulse.com

US inflation continues to move toward the Federal Reserve’s goal The USD rose across the board on Friday, September 16 after August’s consumer prices advanced 0.2 percent beating expectations. The core consumer price index (CPI) rose 0.3 percent. ...

Submitted Sep 16, 2016|From marketpulse.com

Natural Gas has been bumping along the bottom of its long-term range for most of 2016. Indeed in March of this year, Natural Gas hit record lows of around $1.6 MMBTU’s.(that’s 1.6 million British Thermal Units to us humans. We’ll use BTU’s going ...

Submitted Sep 14, 2016|From marketpulse.com

The Canadian dollar depreciated after the release of the weekly U.S. inventories by the Energy Information Administration (EIA). Crude stocks surprised with a drawdown of close to 600,000 barrels sending the price of oil higher when the news hit the ...

Submitted Sep 13, 2016|From marketpulse.com

The Canadian currency is lower against the U.S. dollar after the International Energy Agency downgraded their crude demand forecast a day after the Organization of the Petroleum Exporting Countries (OPEC) warned on oversupply from producers outside ...

Submitted Sep 13, 2016|From marketpulse.com

The uptick in volatility, especially in equities and fixed income in September, is based on two factors – a feared shift in Fed interest rate policy (more/sooner hikes) and a concern over the sustainability/pace of asset purchases at the BoJ and ...

Submitted Sep 12, 2016|From marketpulse.com

September trade has finally ushered in some volatility. This month, the market has and will be focusing on Tier 1 central banks for direction (to come BoE, SNB, BoJ and Fed). To date, despite the “lower for longer” mantra across the board, it’s been ...

Submitted Sep 9, 2016|From marketpulse.com|2 comments

Fed members supported a possible rate hike even as US data softens The September Federal Open Market Committee (FOMC) rate hike got a couple of endorsements today from U.S. Federal Reserve voting members Daniel Tarullo and Eric Rosengren. Both FOMC ...

Submitted Sep 9, 2016|From marketpulse.com

Markets will be focused on Canadian employment data this morning, announced at 08:30 am EDT. Not sharing a release date with NFP, its usual monthly time slot, could provide more of an impact to the loonie (C$1.2952). Historically, Canada’s ...

Submitted Sep 8, 2016|From marketpulse.com|1 comment

The Canadian dollar was lower against the U.S. greenback despite the price of oil surging more than 4 percent. A day after the Bank of Canada (BoC) kept the benchmark rate unchanged that started a sell off of the Canadian currency the central bank ...

Submitted Sep 7, 2016|From marketpulse.com|2 comments

The central bank is running out of bonds to buy for its QE program. The European Central Bank (ECB) is expected to follow the lead of the other two major central banks that released rate statements this week. The Reserve Bank of Australia (RBA) and ...

Submitted Sep 7, 2016|From marketpulse.com

A number of formations on the longer term charts are pointing to a higher NZD as the USD melts away post a very poor ISM last night. For those of you who don’t know, the Kiwi is the national bird of New Zealand. It is a flightless bird, and it is ...

Submitted Sep 6, 2016|From marketpulse.com

The holiday long weekend is over, schools reopen for the new year, and here’s hoping that today we can “unofficially” bid goodbye to one of the quietist summer trading sessions in living memory. Now that NFP is out of the way, it’s up to the “big ...

Submitted Sep 2, 2016|From marketpulse.com

Despite today’s NFP print potentially having a massive impact on a possible Fed hike in a few weeks, it will collectively be the “big four” central banks (Fed, ECB, BoJ and BoE), a G20 meet up, and an OPEC get together over the coming days that’s ...

Submitted Aug 29, 2016|From marketpulse.com|1 comment

The initial reaction by investors to Janet Yellen’s speech at Jackson Hole was one of elation, however, the euphoria has been short lived, as markets now adjust to a more “hawkish” FED – equities down, dollar up and treasury yields rallying. The ...

Submitted Aug 25, 2016|From marketpulse.com

Currently, the Fed is saying one thing, but the market is trading on something else. Recent official rhetoric expects a rate increase sometime this year, but the U.S yield curve is not pricing that in at the moment. In fact, the first full +25bp ...