Loonie Weakens On BoC’s Interest Rate Decision…
BoC remained on hold yesterday as was widely expected yet the Loonie weakened as the possibility of a future rate cut increased. In his press conference BoC governor Poloz stated that the “door is open” to a possible rate cut...
Asia Update: Central Banks Making Waves In FX
Aussie, Aussie, Aussie – Jobs, jobs, jobs Expect AUDUSD price action today to be heavily pre-occupied by December’s Employment Report (11.30am AEDT), given the report will be defining for market expectations leading into the RBA’s Feb. 4th rate decision. Market...
BoC Keeps Rate Cut Prospects Alive
Overnight rate held at 1.75% for a 15th straight month Near-term growth projections revised lower Dovish policy statement sends loonie lower After a neutral speech from Governor Poloz just two weeks ago, the Bank of Canada sounded decidedly more dovish...
Coronavirus Spreads To The US
Market movers today Focus in the short term will continue to be on the coronavirus in China and how fast it is spreading. Otherwise markets await the central bank meetings at Norges Bank and the ECB tomorrow. On the data...
January Flashlight for FOMC Blackout Period
Executive Summary If all goes according to the FOMC’s plan, its January meeting will be considered a snooze. Consistent with the consensus, we expect the FOMC will keep interest rates on hold. Not only has the FOMC signaled it is...
Risk Appetite Hit By China Virus Fears
Yen shines, Asian stocks drop as markets focus on virus outbreak BoJ preserves its limited firepower for a rainy day Busy day ahead: UK data, impeachment, World Economic Forum, and earnings Yen lifted by coronavirus concerns, but is this sustainable?...
Bank of Japan to Likely Keep Policy Unchanged as Risks Subside
The Bank of Japan will be the first of the major central banks to hold its first monetary policy meeting of 2020 on January 20-21. The Bank will also be releasing its quarterly Outlook Report together with its decision on...
Davos and Earnings in Focus
It’s been a slow start to an otherwise frenetic week, with the bank holiday in the US only adding to the light volumes and absent news flow. This comes following a rather eventful start to the year, since which markets...
Canadian Trade Worries Easing, But Domestic Headwinds Remain
The revised version of the United States-Mexico-Canada Agreement (USMCA), or CUSMA in Canada, is now heading to President Trump’s desk. The deal was signed trilaterally by the three parties involved on December 10 2019, and subsequently approved by the Senate...
ECB Preview: Time to Reveal the Scope
The ECB meeting next week is set to focus on the strategic review and not on new policy messages. Media reported that ECB governing council members received documents concerning the strategic review, which will officially be launched next week. We...
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