Tag Archives: cad
Hello September!
The markets this morning are clearly relieved to be done with the month of August which was a doozy for equities and commodities. On this first day of September, risk appetite has returned to the market as US stock futures are higher on the heels of Asian and European stock market gains. Continue reading
Risk Appetite Returns- For Now!
This morning global stock markets are higher, rebounding from 7-week lows. This has encouraged a bit of risk taking, but the question remains: how long will it last? US weekly initial jobless claims came in at 473K, besting analyst expectations of 485K and better than last week’s reading of 504K. While one week does not make a trend, the fact that this figure was not worse than expected is seen as positive. Continue reading
Noda Yen for me thank you
Its fear that is driving capital markets, the kind of thing that may reinforce the idea of a double-dip recession, not fundamentals or technical’s. An Irish downgrade three-months ago would have sunk the EUR, instead the German Ifo survey rising to a three-year high this morning, is tentatively convincing the market that ‘their’ economy will not lose as much momentum as believed Continue reading
YEN Yada Yada
We wake up and hope, but, it’s ugly again today. Continue reading
EUR on verge of tipping
Global uncertainty continues to dominate this lackluster forex market this morning. At least the soap operas in the Asian-Pacific region have been keeping us awake. Continue reading
Bring back the EUR conviction or the Eureka light bulb
What happened to the well received German and Portuguese debt auctions? Were they not supposed to instill ‘positive confidence’ into this market? Continue reading
China cuts US Bonds holdings
China cut its holdings of Treasury notes and bonds by the most ever, raising speculation a plunge in U.S. yields that sent two-year rates to a record low has made government securities unattractive Continue reading
Japan China and the EU bully the dollar
The dollar has been getting it from all angles this morning. If it’s not Japan, it is China, and if it’s not them its Europe. Continue reading
EU Growth expands
Europe’s economy expanded more than economists forecast in the second quarter as the fastest growth in Germany in two decades powered the region’s recovery. Continue reading
China’s July Trade Surplus Soars, Imports Plummet
China’s trade surplus reached an 18- month high as exports rose to a record and import gains slowed, adding pressure on officials to allow faster appreciation of the yuan and signaling a diminished contribution to global growth. The gap surged 170 percent from a year earlier to $28.7 billion, the customs bureau said, exceeding the forecasts of all 29 economists in a Bloomberg News survey Continue reading