There will be traders who are worried that they have missed the recent good run for the loonie. We think that there could be more gains to come, and the Canadian dollar is one currency that could do well vs. the USD in the coming weeks. We think this for four reasons: 1, The US-Mexico-Canada
The big news on Tuesday is that Italian bond yields are lurching higher once more and have tested the air above 3.4% earlier today. This is spooking the markets, with European stocks a sea of red and safe-haven currencies benefitting. The markets have seen a Eurozone debt crisis unfold before: first one country goes down
As we start a new quarter, investors will be watching some key economic data releases in the coming days that could set the tone for FX and stock markets in the coming weeks and months. Below we point out three key events to watch out for this week. 1, Japanese Tankan Index: Q3 Early on
The Fed may have raised its GDP projection for 2018, however, bad omens for US growth are starting to mount. The Markit PMI report for September saw a steep decline in the composite index, which fell to its lowest level since June 2017. As you can see in chart 1 below, the Markit PMI index
Italy’s new government faces its first real test today: can the fragile coalition of radicals and centrists present a coherent budget that is palatable to the EU and won’t break the bank? If the results of this morning’s Italian debt auction are anything to go by, then the market is confident a crisis can be
The Federal Reserve hiked rates as expected and pointed to a further rate hike in December; however, expectations for rates in 2019 remained unchanged. On the growth front, the 2018 GDP projection was raised from 2.8% to 3.1%, the 2019 expectation for GDP was raised a touch to 2.5% from 2.4%. However, this wasn’t enough
This is a busy week for financial markets, with plenty that could drive asset prices. Below, we look at three key events to watch for this week. 1, The Italian Budget After months of discussions and market nervousness, the deadline for the fragile Italian coalition government to deliver its inaugural budget is Thursday 27th September.
As we approach the end of the week the political rhetoric that has been impacting volatility in recent weeks has started to calm down. Rather than lurch from political comment to political comment, traders are able to sit back and take a broader view of the markets. This, dare I say it, noise-free day in
All eyes will be on British PM Theresa May as she makes her way to Salzburg today to address EU leaders over dinner this evening. This informal summit is considered a turning point for Brexit: will the UK be able to pull the ultimate deal (single market access and frictionless trade, minus free movement of
Bond, stock and FX markets have all experienced some big moves today on the back of a deluge of central bank meetings and some weak US economic data, which weighed heavily on the dollar. The question now is whether today’s events will prove to be a watershed moment for markets with the pound making its
