Author Archives: Trading Advantage

Technical Sentiment: Bullish Key Takeaways •Price broke above 0.9475, invalidating bearish configuration of lower highs; •U.S. Dollar posted strong gains against a basket of currencies; •Traders will target main resistance areas at 0.9590, followed by 0.9685. Greenback bulls showed signs of lif…

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USD/CHF Bulls Are Back As Correction Ends

Technical Sentiment: Bullish Key Takeaways •Price broke above 0.9475, invalidating bearish configuration of lower highs; •U.S. Dollar posted strong gains against a basket of currencies; •Traders will target main resistance areas at 0.9590, followed by 0.9685. Greenback bulls showed signs of lif…

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USD/CHF Bulls Are Back As Correction Ends

A gunman shot and wounded a soldier in Ottawa and then entered the country’s parliament buildings chased by police, with at least 30 shots fired, according to media and eyewitness reports on Wednesday. CBC TV said that a suspected gunman was shot dead inside the parliament building. It was not cl…

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Shooting locks down Canadian parliament; one suspect reported dead

A gunman shot and wounded a soldier in Ottawa and then entered the country’s parliament buildings chased by police, with at least 30 shots fired, according to media and eyewitness reports on Wednesday. CBC TV said that a suspected gunman was shot dead inside the parliament building. It was not cl…

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Shooting locks down Canadian parliament; one suspect reported dead

It has been impossible to escape the V-word for the past week. Turn on the television, and it is easy to conclude that central bankers, corporate chiefs, investors and politicians think volatility is the biggest problem vexing global markets. The roller coaster ride recently experienced by financial…

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Market Volatility Merely a Symptom of Larger Issues

The Bank of Canada canceled a press conference on its monetary policy report “in light of this morning’s incident in downtown Ottawa,” the bank said on Twitter. Earlier Wednesday, a soldier was shot at the National War Memorial in Ottawa and the gunman was reportedly on the loose in the Canadian…

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Bank of Canada press conference canceled after shooting

Good morning. Carolyn and I are pleased to be here with you today to discuss the October Monetary Policy Report (MPR), which the Bank published this morning. As I’ve said in the past, the policy decision is not a mechanical one, so I’d like to provide some colour around the issues we are dealing …

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Poloz: Release of the Monetary Policy Report

The targeted long-term repo operations had not even been launched when the ECB announced its intention to buy asset-backed securities and covered bonds. It then began to buy covered bonds before the conclusion of the Asset Quality Review and bank stress tests. This insistence on putting the prov…

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Preliminary Thoughts about the ECB and Corporate Bonds

Powerful and modern yet with a nod to past glories, the Hongqi L5 limousine appears to be the perfect vehicle for the image the Chinese government wants to project, and this the week state media reported that it has been designated an official car for a gathering of global leaders in Beijing next…

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China Putting on Its Shiniest Face for Economic Summit

U.S. crude-oil supplies rose by 7.1 million barrels in the week ended Oct. 17, the Energy Information Administration reported Wednesday. Analysts surveyed by Platts had expected an increase of 2.5 million barrels. Crude futures reversed course on the news, and the November contract clx4 was recently…

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Oil futures turn lower after supply report

Two days after two Canadian soldiers were hit by a car driven by Martin Couture-Rouleau, a 25-year-old Canadian who, as The Globe and Mail reported, “converted to Islam recently and called himself Ahmad Rouleau,” Bloomberg reports: *SHOTS FIRED AT CANADA WAR MEMORIAL *SOLDIER SEEN FALLIN…

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Shots Fired At Ottawa’s Canadian War Memorial, Soldier Down; Parliament On Lockdown

The EURUSD is making new trading lows, extending the trading range for the day in the process (it is now 79 pips – still short of the 22 day average range of 113 pips). The pair is testing the next target level (see Forex Technical Analysis: EURUSD settles down as the afternoon progresses ) at the 1…

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EURUSD extends to new lows

• The Bank’s mandate is to conduct monetary policy to promote the economic and financial well-being of Canadians • Canada’s experience with infl ation targeting since 1991 has shown that the best way to foster confidence in the value of money and to contribute to sustained economic growth,…

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Bank of Canada Monetary Policy Report

As of November 7, 2014, MONEX Group’s Japanese client base will stand down from MetaTrader 4, replicating a company-wide initiative to concentrate on proprietary platforms following subsidiary IBFX’s sale of its MetaTrader 4 client base to FXCM for $4.4 million …

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Bye bye MetaTrader 4! MONEX Group formally announces phase-out