Month: February 2019

Stéfane Marion and Krishen Rangasamy, analysts at the National Bank of Canada, expressed that amid a backdrop of decelerating domestic demand, there’s arguably little need for an aggressive monetary policy stance from the Bank of Canada but that won’t necessarily weaken the Canadian dollar. They see oil reasserting itself as the main driver of the
The US official employment report showed that the economy created 304K jobs in January following a 220k gain in December. Paul Ferley, Assistant Chief Economist at RBC, points out that the solid gain in will likely temper rising market expectations of the Federal Reserve remaining on hold indefinitely. Key Quotes: “January payroll employment growth unexpectedly
Explained that the US dollar could see occasional bouts of strength, they continue to expect a mostly downward trend over the next months for the greenback. Key Quotes: “The trade-weighted U.S. dollar started 2019 just like it ended last year, i.e. painfully. The return of risk, as evidenced by surging global stock markets in January,
February is a bad month for the pound The problem with seasonals is that they’re a secondary indicator, at best. If all else is equal, they can be effective. The problem is that all else is never equal. There’s always something going on that overshadows the trickle of positive/negative momentum from seasonal factors. Cable is
The Canadian dollar is among the top performers on Friday.  USD/CAD drops despite dollar’s strength on the back of positive US data.  Crude oil prices bounce back above $54.00.  The USD/CAD pair broke below the key 1.3115/20 support area and tumbled to 1.3082, the lowest level since November 7. The pair resumed the move lower
NZD/USD is looking north as Fed’s dovish turn and the resulting rise to six-week highs on Thursday bolstered the already bullish technical setup.  An above-50 China Caixin PMI reading could yield a break above 0.6939. NZD/USD is trading in the green in Asia for the third day straight and could challenge six-week highs set yesterday