The relatively tepid moves in the currency market this morning, should be a warning to forex traders of the volatility that is expected over the next few days. The shortened trading week in U.S.... read more »
We have a major technical break in CAD/JPY this morning. The currency pair has broken below trend line support, the 50-day SMA and the 23.6% Fibonacci retracement of the year to date rally. Next stop... read more »
I thought it might be entertaining at least but the show was a bust-a bore-a ramped, camped and dumped deal. Bull's got excited early with (ho hum) "better than expected" employment data... read more »
If steel prices are to rise globally, metallurgical and coking coal demand must show signs of a rebound. While coal prices have slumped across the board, steam coal prices have been more resilient... read more »
That's sort of the way I see the buying-tentative. No one seems to be throwing everything they've got at markets. Days like today have been common. Investors start strongly but then take a... read more »
Canada posted a trade deficit of $179 million in April. Economist were instead expecting a surplus near $1 billion (see Financial Post article). Both prices and volume fell, with exports dropping... read more »
The refinance index was to blame for all the decline as it fell by -11.8%. The Purchase index meanwhile rose by 1.1%. The average rate on the 30 year mortgage rose to 5.57% from 5.25%. A month... read more »
The Trade Deficit comes in at -29.2B from -29.0 expected. Last month it was revised to -28.5 B. Exports fell 2.3%. The Imports fell -1.4%. The real or inflation adjusted deficit moved lower to... read more »
With the weakness in the US Dollar and strength in crude oil, the Canadian Dollar (and respective ETF (NYSE: FXC) have been rallying in a strong impulse up that may be setting up another low-risk... read more »
