Forex and the Economy

USD/CAD Canadian Dollar Lower on Record High Household Debt

The Canadian dollar fell 0.45 percent on Friday and will finish 0.78 pecan lower against the US dollar. Canadian households have a 174.1 percent debt to income ratio in 2019 Q2. Rating agencies have already downgraded some of the banks as the risk of higher defaults rises as consumers take on more ...

European Central Bank Policy: QE Infinity

At his penultimate press conference before his term ends next month, European Central Bank (ECB) President Mario Draghi delivered the package of monetary policy easing measures he had skilfully telegraphed during previous months. That fiscal policy is becoming the new monetary policy when it comes ...

Week ahead – Central banks the only game in town

Brexit, Fed and trade war remain in focus For many months now, all of the attention has been on the trade war, Brexit and central bank easing. Next week is going to be no different as the UK Supreme Court rules on Boris Johnson’s prorogation of Parliament, talks continue ahead of a meeting betwee ...

Bitcoin Rebounds on ECB Cut Looks Ahead to Fed

Cryptocurrencies had a volatile trading week. Risk appetite returned to the market with the news that US and China were defrosting their trade negotiations. The crypto world saw a correction to the downside at the beginning of the week as Bitcoin had attracted investor flows as a safe haven, so nat ...

Gold Higher on US dollar Softness

Gold prices rose back above the key $1,500 level on Friday as the U.S. dollar slipped on the back of a strong euro, though hopes for a thaw in Sino-U.S. trade tensions supported equity markets, capping bullion’s gains. Spot gold was up 0.6% to $1,507.96 per ounce as of 1156 GMT, up marginally ...

Pound Soars on No-Deal Brexit Declining Possibility Even as Doubts Remain

The pound has hit its highest level against the dollar since July amid hopes a no-deal Brexit can be avoided. Sterling jumped more than 1% on Friday to over $1.24 against the dollar, its highest level in seven weeks. The pound was boosted after a report in the Times said the DUP, Northern Irelan ...

US Open – Trade Concessions, Retail Sales, Backstop, Oil, Gold

US stocks are continuing to inch higher toward record territory after China expanded their tariff exemption list and as investors begrudgingly expect the bull market to reassert itself on renewed stimulus measures by central banks.  Optimism is growing once again that we could see a US-China trade ...

European open – ECB, Trade war, gold, oil

ECB and Trade Headlines Buoy Investors Europe is off to a positive start on the final trading day of the week, as stocks continue to reap the rewards of a massive ECB stimulus package and, perhaps, a step forward in the trade war. Source – Thomson Reuters Eikon In his penultimate meeting in ch ...

Japan Mulls More QE After The ECB

More easings will be on the minds of traders as the Bank of Japan and the Federal Reserve meet next week, with both expected to move rates lower, and in Japan’s case, possibly even more QE. It will be interesting to see what the Bank of Japan actually has left to buy, but more importantly will be ...

Asia embraces the ECB’s easing

  US indices extend gains The wave of risk appetite optimism unleashed by the latest ECB easing moves has continued into today’s Asian session, with the US30 index extending the current rally to an eighth day. However, Asian bourses were not admitted to the party, with China shares dipping 0.3% ...