Month: May 2018

BOC’s Leduc in Quebec The economy is evolving largely as expected Q1 machinery imports bode well for investment growth Developments since April reinforce view that higher interest rates will be warranted to keep inflation near target Saw weak data to start the year but tenor of more recent data has been improved BOC sees trade
The first look at Canada March and Q1 GDP Prior was +1.7% q/q annualized Year-over-year GDP +2.9% vs +2.9% expected March GDP +0.3% m/m vs +0.2% expected April GDP was +0.4% m/m Reuters reports the decline was weighed by a deceleration in household spending, lower exports of non-energy products, and a decline in household investment.
Capital expenditure (capex) for the first quarter Headline is +0.4% q/q for a miss on estimates ….  expected +1.0% q/q prior -0.2% More: Plant, machinery & equipment +2.5% q/q Buildings capex -1.3% q/q  2nd Estimate 2018/19 AUD87.7bn (expected 90.7bn) Latest estimate for 2017/18 is 117.5bn (expected 115.1bn) A softer result all round for business spending
Rally today gave buyers some control, but more to do The EURUSD rally today, initially stalled near the 100 hour MA (blue line in the chart below).  The corrective move stalled ahead of a lower broken trend line.  When the news came out that Italian’s Savona might step down as economic minister nominee, saving the
Bank of Canada must grapple with a long list of worries Key facts: The Bank of Canada benchmark overnight rate is 1.25% Rates were left unchanged at the April 18 meeting (full text) There is no MPR or press conference, just a statement The decision is at 10 am ET (1400 GMT) Canadian dollar traders feel
Trump feels the same things… The Canadian Prime Minister adds: Disruption of US_Canada trade means lost US jobs American’s take Canada trade for granted Motivated to get trade deal because of uncertainty Believes there is a win-win scenario on NAFTA Interconnectedness of US-Canada links won’t change.  Trump auto tariffs signal US seeks trade concessions Not
The June Fed decision is suddenly in play The June 13 FOMC decision is no longer a sure thing. Troubles in Europe, emerging markets and broader markets are weighing on the implied odds of a move. That shift comes despite no change in tone from Federal Reserve policymakers. Fed funds futures pricing now shows a
Some insights on the usage of the Ichimoku indicator The Ichimoku indicator stands out among other technical indicators. It’s just another thing in technical analysis that came from Japan. Its name is translated as “one glance”. The idea is that it allows traders to make a full-fledged judgment about the market after just several seconds