Falling oil prices are weighing on the Canadian dollar and boosting USD/CAD. The pair has surpassed its post-GDP spike and is trading at 1.1207. The are real money and corporate offers beginning at 1.1210 and extending 15 pips higher. Look for buy stops above 1.1225.
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USD/CAD rises to fresh session high
Similarities between the euro region and Japan are intensifying, heaping pressure on Mario Draghi while offering good news for bond holders. Sluggish credit growth? Check. Slowing economy? Check. Falling market expectations for inflation? Check. Aging population? Yes, it has that too, placing Eu…
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Europe Ticking All the Wrong Boxes Starts Mirroring Japan
The dollar is back. After taking a breather on Monday, it is continuing to push northwards as we move into the last day of the month. September has been a stellar month for the greenback; the dollar index has risen by 3%, its best monthly performance for 2 years. What is more amazing is that the USD…
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Can anything stop the dollar in its tracks?
Thank you for the opportunity to be here today. Given my role at the Federal Reserve, I am not in a position to comment on debt management policy.1 I would like to begin by complimenting the authors of this highly interesting paper for their systematic approach to thinking about a wide-ranging a…
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Powell: Remarks on "Government Debt Management at the Zero Lower Bound"
The UK’s fall in living standards has been worse than previously thought, the TUC claimed, after new figures showed a bigger squeeze on households’ disposable incomes. The Office for National Statistics published sweeping updates to its previous estimates on the economy on Tuesday that suggested …
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Fall in UK living standards deeper than thought, ONS reveals
The Conference Board Consumer Confidence Index®, which had increased in August, declined in September. The Index now stands at 86.0 (1985=100), down from 93.4 in August. The Present Situation Index decreased to 89.4 from 93.9, while the Expectations Index dropped to 83.7 from 93.1 in August. The …
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The US Conference Board Consumer Confidence Index Declines
Eurostat has reportedly issued a correction to the CPI data released earlier today. With rounding, the correction doesn’t change anything but it’s still slightly bullish. Headline HICP now 0.30% vs 0.25% initially Core 0.74% vs 0.66% initially The core number is still technically +…
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Chatter about a small correction issued to eurozone inflation data
The Chicago Business Barometer decreased 3.8 points to a still robust 60.5 in September, as Production and New Orders slowed while firms reported a record rise in stocks and a sharp increase in input prices. With the latest fall, the Barometer ended Q3 at an average of 59.1, down from the weat…
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Chicago Business Barometer Falls 3.8 Points to 60.5 in September
France’s national debt rose to a record 95.1 percent of annualized economic output in the second quarter, data showed on Tuesday, underlining the country’s struggle to rein in its public finances a day before the 2015 budget is presented. In the second quarter, the national debt topped two trill…
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Record French debt burden adds to strain on public finances
Home prices in 20 U.S. cities rose in the year ended in July at the slowest pace in almost two years as still-tight credit and limited wage gains weigh on demand. The S&P/Case-Shiller index of property values increased 6.7 percent from July 2013, the smallest 12-month gain since November 2012, a…
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Home Prices in U.S. Rise at Slowest Pace in Almost Two Years
Data through July 2014, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show a significant slowdown in price increases. Nineteen of the 20 cities saw lower annual returns in July. Las Vegas, Miami and San Francisco were…
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Broad-Based Easing of Home Price Gains in July According to the S&P/Case-Shiller HPI
Crude inventories decreased by 4.3 million barrels (MMbbls) to an 8-month low. This is in stark contrast to analysts’ expectations of a 0.75 MMbbls increase.
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Must-know: Why crude inventories unexpectedly dropped
Natural gas prices mainly increased last week—touching $3.97 on Wednesday—as a result of warmer-than-normal autumn weather forecasts. Warmer weather is bullish for natural gas prices.
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Why natural gas prices increase as the weather gets colder
With a low production cost and lower coal-fired power plant retirements expected in the west, the Powder River Basin (or PRB) currently looks better than the other regions. However, PRB coal’s export potential …
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Must-know: Which coal producers benefit from their location?
Having discussed the net asset value approach, we’ll now discuss multiples-based valuation methods that you can also use to value gold mining stocks.
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Understanding the multiples-based valuation approach for miners
The 18-member single unit has managed to fall to a fresh two-year low outright this morning, briefly penetrating the psychological €1.26 handle (€1.2595), just as capital market-bid farewell to another volatile September and third quarter. While at the same time Euro equities have been edging higher…
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EUR loses foothold on the Crosses
The Industrial Product Price Index (IPPI) increased 0.2% in August, mainly because of higher prices for motorized and recreational vehicles. The Raw Materials Price Index (RMPI) declined 2.2%, largely as a result of lower prices for crude energy products. The IPPI increased 0.2% in August, after …
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Canada Industrial product and raw materials price indexes, August 2014
Brent crude oil traded steadily above $97 on Tuesday, but remained under pressure from oversupply worries. The commodity traded at $97.35 at 5:00 GMT helped by positive economic data from the world’s two …
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Brent Helped By Positive Data From The US And China
Real gross domestic product was essentially unchanged in July, following six consecutive monthly gains. Increases of 0.5% and 0.3% were recorded in May and June respectively. In July, manufacturing and the public sector were the major contributors to growth. Increases were also recorded in constr…
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Canada Gross Domestic Product by Industry, July2014
The euro fell sharply during the 9/30 European session. Ahead of the ECB meeting this Thursday, traders are apparently pricing in a dovish decision. We know the ECB has QE on the table, but the market is trading like it is going to be implemented, which would not be surprising given the low growth…
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Euro Falling; Long-term Look at EUR/USD, EUR/JPY, EUR/GBP
