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Week in FX Americas – The Loonie Wallows In No Man’s Land

Posted by Dean Popplewell at 10:55 am EDT, 05/18/2013

The currency that the new governor of the Bank of England is leaving behind, managed to quietly slip to a 10-week low on Friday. It was not even in sympathy to its sister currency’s plight ‘down-under.’ Friday’s reasons had more to do with its domestic CPI print proving that inflation can still surprise on the downside. This seems to be the new global reality – domestic inflations are benign. However, it’s not governor Carney’s concern anymore. When monsieur Poloz takes [...] read more

Filed under: Dean's FX, America, Week in FX, USD, CAD

Forex Insights »

Posted under USD, EUR, GBP, JPY at 8:57 am EDT, 05/17/2013
Posted under USD at 8:56 am EDT, 05/17/2013
Posted under USD at 8:56 am EDT, 05/17/2013
Posted under USD, GBP at 8:55 am EDT, 05/17/2013
DJ Industrial :

US Dow : Dow Jones Industrial Average is a price-weighted average of 30 of the largest and most widely held public companies in the United States. DJIA is most widely used indicator of the overall condition of the stock market.

Central Bank Watch »

Fed’s Williams changing allegiance to join hawkish calls for QE cut

Posted by Mingze Wu 8:52 pm EDT, 05/16/2013

The drumbeat to reduce the rate of bond purchases by the Federal Reserve grew louder Thursday, with a dovish voice joining the group. John Williams, the San Francisco Fed president, indicated the $85 billion per month of bond purchases can be reduced soon, and that the whole program may be halted this year. He pointed out the pace of job growth has picked up since the program was launched in September, with an average pace of job growth of 200,000 over the [...] read more

Filed under: USD

Economic Exposure »

USD/SGD – Decline in Exports Driving SGD Weaker

Posted by Mingze Wu 10:22 pm EDT, 05/16/2013

Singapore’s trade agency International Enterprise released the latest April Trade data about 1 hour ago, with headline Non-Oil Domestic Exports M/M coming in at +1.1%, a sharp decline from March’s 8.0% growth. However, Y/Y continue to look weak, standing at -1.0% but nonetheless the rate of decline appears to be slower now, comparing with March’s -4.8%.  In fairness, numbers appear healthy, until we realize that the nominal export figure actually dropped, with April actual amount at 14.5 billion vs March’s [...] read more

Filed under: USD, SGD
May
17
Today’s Global
Market Events
5:30am
GBP
MPC Member Weale Speaks
8:30am
CAD
Core CPI m/m
(F)0.2% (P)0.2%
CAD
CPI m/m
(F)0% (P)0.2%
CAD
Wholesale Sales m/m
(F)0.4% (P)0%
9:55am
USD
Prelim UoM Consumer Sentiment
(F)77.9 (P)76.4
USD
Prelim UoM Inflation Expectations
(F)N/A (P)3.1%
10:00am
USD
CB Leading Index m/m
(F)0.3% (P)-0.1%