Perhaps a trip south is in order for us Canuckleheads: the Canadian dollar has hit its highest point in thirty years. Something interesting (though I suppose obvious) I learned from this article is that the CAN$...
created by Kaitlin | 6 years ago | updated 6 years ago 772 views | 10 recommendations | 1 comment
OpinionBarry Artiste, Now Public ReaderUS Publishers seem not to take notice of the rising Canadian Dollar and refuse to recognize the exchange rate between Canada and the US, mandating US/Canadian Book and...
Another piece of USD-negative data. US ISM non-manufacturing report showed the weakest level of expansion since the 50.7 reading in April 2003, the employment number was the weakest since July 2004, while prices..
The catalyst today in the forex market was US new-home sales, which
unexpectedly fell in February, falling a second month in a row to the lowest level since 2000
as the housing sector showed more weakness. Sales of single-family
homes decreased by 3.9% to a seasonally...
Almost every one must be thinking the same thing when it comes to the
downturn in the financial markets: how long is the panic going to last?
This panic spills over to the forex market, and makes big institutional
players and investors more risk-averse. Unwinding of carry...
Price of goods and services in the US rose last month
on higher food and energy prices while underlying inflation crept up
modestly, suggesting that inflation still remains a concern. The
consumer price index rose 0.4% (0.3% expected) in February, compared to...
This week, the focus will be on the US dollar again. On Friday, Richmond Fed Lacker said inflation expectations aren't anchored enough
in the US, based on market pricing levels, while Fed Vice- Chairman
Kohn reaffirmed the importance of inflation expectations to...
Tuesday saw the biggest one-day drop of the US stock markets since
September,11, 2001. The Dow Jones Industrial Average fell 4.2% last
week - its worst week since March 2003. Asian stock markets also saw a
frenzied selldown. The cause of this nervous breakdown is the result...
Today the USD managed to recover from its earlier slide from the better-than-expected US ISM manufacturing data.
The US manufacturing index moved to 52.3 (50.0 expected) from 49.3 in
January and 51.4 in December. This reading indicate growth in this...
The market sentiment on the US dollar has been very bearish, on
expectations that US data out the rest of this week could disappoint,
as well as central banks diversifying from US dollar assets. There is
also the rumour that US is looking to attack Iran within 24 hours, which..
Former Federal Reserve Chairman Alan Greenspan has made some comments to a business audience, warning of a possible US economic recession later this year, due to the country's worrying budget deficit. He..
In data-empty session, forex traders took the opportunity to sell the
US dollar after 4 consecutive days of gains. USD/CHF has completely
erased all of its gains from this week, going slightly below 1.2300
yesterday, while EUR/USD has retested its week's high of 1.3190.
As all my regular readers will know, I am always on the lookout to
enhance my site with things that can benefit them. And I am happy to
announce that I will now be offering free forex charts on my site. To view the charts, click on the link titled "Free Forex Charts" at the...
Bank of England's Bean said at the present juncture, policymakers believe that
inflation is "broadly on track" to meet the bank's 2% target and that
it is "likely to fall back sharply through this year". He said BOE's decisions...