Euro Could Finally Breakout |

Despite the lack of some news and an empty macroeconomic calendar, the has dropped sharply. To some extent, it was due to a protracted period of stagnation in the previous week. It does not mean that the euro was flat all the time. However, its fluctuations were tiny, and all...
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Gold Slips From NFP Significant as USD Recovered on &#039Clear&#039 Progress of U.S. Employment

On previous Friday (3rd September), Gold () designed a 3-thirty day period significant around 1834.55 after a ‘terrible’ NFP headline range adopted by a subdued ADP (NASDAQ:) private payroll report a working day in advance of that. General, the U.S. economic system wants to produce all-around another 1846K work opportunities to arrive at the 155000K employed persons milestone (?) to attain Fed’s regular of ‘substantial further’ progress of its maximum work target for the get started of QE tapering. Right before COVID, in Feb’20, the quantity of used individuals was all around 158732K the projected determine of 155000K is just about 98% of Feb’20 work amounts.
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BoC Preview: Progress has been made – TDS

On Wednesday, the Bank of Canada (BoC) will announce its decision on monetary policy. The base case scenario according to analysts at TD Securities is for the BoC to keep to broader narrative intact and guidance unchanged; and signal inflation is largely transitory. They see the BoC announcing a shift to QE reinvestment, starting in November.
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ECB Could Play Some Defense

The European Central Bank (ECB) will wrap up its latest meeting at 11:45 GMT Thursday. Markets are pricing in the first rate increase for next year, which seems premature as the region continues to grapple with growth risks. The ECB could push back against this pricing, playing down the possibility of an early rate hike and consequently dealing a blow to the euro.

USD/CAD Rate Outlook Hinges on BoC Interest Rate Decision

USD/CAD appears to be stuck in a narrow range after retracing the decline following the larger-than-expected uptick in Canada’s Consumer Price Index (CPI), but the Bank of Canada (BoC) interest rate decision may influence the exchange rate if the central bank alters the course for monetary policy. USD/CAD Rate Outlook...

Risk Attitude Pushes Euro To Strengthen

Early in the new week of October, EUR/USD is looking good and trading at 1.1660. the factor that supports the European currency is the global risk attitude. So far, the US Fed hasn’t given any signals of the QE programme reduction in November. This fact upsets the “greenback” enthusiasts, who obviously decided to take a break and wait for any relevant news.


The Economy Is Being Prepped, Everything Is About To Change: V & CJ. Keiser Report: ‘Oligarchic America’ (E1091) In the second half, Max interviews economist and columnist, Alejandro Nadal, about Trump’s wall and exiting from the Nafta trade deal. Why Quantitative Tightening Will Fail. by Jim Rickards, DailyReckoning:. After nine...

Stocks Rise On October 25, With The Dollar Not Far Behind

Stocks finished higher, with Tesla responsible for a good portion of the day’s gains, probably about half of the day’s gains on the S&P 500. So can Tesla rise another 12% tomorrow and put a bid in the market? I guess anything is possible. But there was a massive gamma squeeze in Tesla. The S&P 500 finished the day rising by 47 bps and is still respecting the trend line.

USD/CAD: Scope for a slide to the 1.22 level – MUFG

The CAD has continued to trade on a stronger footing over the past week with USD/CAD hitting an intra-day low of 1.2288. Fundamentals remain supportive for CAD strength but risk/reward balance for further near-term gains less favourable now, economists at MUFG Bank report. Will the BoC or OPEC+ meetings spoil...

Weekly Stock Market Report: Earnings, FOMC & Inflation

Core central bankers have a difficult task ahead, trying to chart a course to start to unwind pandemic stimulus while addressing rising inflation pressures amid widening and varying impacts from supply chain disruptions. Policy decisions from the ECB, BoJ, and BoC are front and center this week, with the FOMC and BoE next. None are expected to hike rates yet, but the BoC, BoE, and FOMC are looking to start or continue slowing QE purchases in the near future.

Focus on the ECB meeting on Thursday

Today we get German IFO figures. It will be interesting to see whether business sentiment continues to decline amid lack of supplies. Later this week, we have central bank meetings in the ECB and BoJ, none of which should be particularly action-packed, though. Markets will be looking out for flash...

Canada’s retail sales rebound

The Canadian dollar is trading quietly at the start of the North American session. USD/CAD is currently trading at 1.2361, down 0.02% on the day. Canada ended the week on a positive note, as consumer spending bounced back in August. Headline retail sales were up 2.1% and core retail sales jumped 2.7% (MoM). This follows a weak July, with readings of -0.1% and -0.4%, respectively. The sharp turnaround was supported by several provinces easing health restrictions, which boosted consumer spending. The strong data didn’t affect the Canadian dollar, which had an uneventful week and was almost unchanged on Friday. The currency touched a 4-month high last week, briefly dropping below the 1.23 line.

Bob Farrell’s 10 Investing Rules For A “QE” Driven Market

A recent post on CNBC discussed Bob Farrell’s 10 Investing Rules. These rules have withstood the test of time as it relates to long-term investing. Excesses in one direction will lead to an opposite excess in the other direction. There are no new eras—excesses are never permanent. Exponential rapidly rising...