Wednesdays release by Statistics Canada revealed that for the three months ending in June, the Canadian economy contracted by 0.1 percent. With a recession typically defined as two or more consecutive quarter of negative growth, Canada is already half way back to a recession. Like most of the in… read full news Published: Thu,...
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Monthly Archives: August 2011
Non-Farm Payrolls Critical For QE3 Decision Preview
We again reach the monthly circus: Non-Farm Payrolls. And in this publication, it is of high importance due to the critical impact on the upcoming lengthened FOMC meeting due later in the month. NFP Preview. Last months Non-Farm Payrolls report was finally good: not extraordinary, but a gain of … read full news Published:...
Can anything stop the Swiss franc?
The currency jumped more than 2% against the euro and the U.S. dollar Wednesday after the Swiss government announced a stimulus package that was smaller than investors had anticipated. While the currency’s strength diminished in August, it is still up 9% against the euro and 13.5% against the… read full news Published: Thu, 01...
Pivot Zone Support test For Pound dollar 1/9/11 Analysis
GBP/USD Technical Analysis. GBP/USD approaching the 50% retrace level of 1.57803 > 1.66175 bullish wave higher. Price pivot area with clear structure support. Current days range is 104 pips which is 72% of ADR over 60 days and a 0.39% drop. Yesterday printed 167 pips. MACD divergence on the 1… read full news Published:...
With ECB Shelving its Tightening Campaign, EUR Set to Weaken vs AUD, NZD
The wrangling over the 2nd Greek bailout as well as weaker macro data from Europe have put pressure on the EUR. With inflation looking to have peaked, and the steady stream of weaker macro data pointing to slower growth, the ECB looks set to shelve its tightening campaign. While that may not have a…...
Feds Lockhart: Cautious about moving toward unemployment target
Not sure Fed can control all factors Quantitative easing works bets when in response to deflation threat or clear drift toward recession Would have to evaluate lengthening maturities in Fed portfolio; has the advantage of not increasing balance sheet Lockhart is not a voter on the FOMC … read full news Published: Thu, 01...
India to Have Second-Largest Number of Millionaires in Asia in Four Years
Chinas millionaires will account for about half of Asias rich and hold more than half of the regions wealth by 2015, according to a study by Julius Baer Group and CLSA Asia Pacific Markets. Asias millionaires will more than double in number to 2.8 million, with 1.4 million high net worth peo… read full...
USDCAD: Bearish Threat Seen Within Consolidation Zone
Although USDCAD is now vulnerable to the downside on consolidation, as long as it continues to hold above the 0.9777 level, our bias points to the upside.The caveat is that a loss of that level will call for a deeper correction towards its July 182011 high followed by the 0.9404 level with a… read...
SNB Snoozes, and the Swiss Franc Loses of a Sort
Markets have come to expect that Wednesday mornings are when the Swiss National Bank will make its intentions known. Well, Wednesday morning has come and gone in Switzerland and most of Europe, and the Swiss central bank did nothing no announcement, no threat, no intervention. And with the SNB… read full news Published: Thu,...