forex trades

The forex markets revolve around the daily happenings around the world. Geopolitical events, economical new releases, wars and natural disasters, all affect currency prices. And, when world leaders make important decisions, how can they not change at least the currency of their own country? This is why traders need to keep their fundamental anal...

2018-09-20 Orbex Read more
nafta

The market is now entering a crucial phase regarding NAFTA negotiations as the October 1st deadline, imposed by the US, moves ever closer. Indeed, US negotiators are piling on further pressure by saying that Thursday 20th September is the last chance for Canada to agree to the preliminary deal agreed upon by Mexico and the US. The timing is to a...

2018-09-19 James Harte Read more
bank of canada

The Bank of Canada held its monetary policy meeting last week. As widely expected, the BoC Governor Stephen Poloz kept borrowing costs unchanged. Interest rates were steady as policymakers decide to wait for the outcome of the NAFTA negotiations with the United States. However, officials maintained that gradual rate hikes would be required wi...

2018-09-14 John Benjamin Read more
nafta

Following on from news of the US and Mexico agree to a deal on trade last week, both countries have now suggested that a new tri-country NAFTA deal including Canada is now on the brink of being announced. The rumors come despite Canadian PM Trudeau sticking adamantly to his guns over his priority demands, namely that any deal include an independ...

2018-09-06 James Harte Read more
NAFTA

The Bank of Canada is not expected to adjust monetary policy at its upcoming September rates meeting later today with rates forecast to stay on hold at 1.5%. However, while no adjustment is forecast, traders will still be paying close attention to this meeting as the market looks to gauge the likelihood of any further rate hikes this year. Back ...

2018-09-06 James Harte Read more
canada unemployment rate

The economic reports from Canada last week painted a mixed picture. While on one hand, the labor market was seen to be steady, other reports pertaining to the housing market came out mixed. Data released last week showed that Canada’s unemployment rate fell to 5.8% for July. This was better than expected as economists polled forecast that the...

2018-08-17 John Benjamin Read more
canada unemployment rate

Canada’s monthly jobs report showed that the economy added a healthy gain of 31,800 jobs in the month of June. But this wasn’t enough to keep the unemployment rate steady. Canada’s unemployment rate jumped two percentage points to 6.0%. In May, the unemployment rate held steady at 5.8%. This was the first time that Canada’s unemployment rate ...

2018-07-09 John Benjamin Read more
theresa may brexit

The pound jumped in the early trading hours today after UK Prime Minister Theresa May finally made Brexit breakthroughs as her cabinet agreed an approach to negotiations. A collective position was adopted during a tense Friday meeting; however, tensions still continue to rise following the resignation of Brexit secretary David Davis. In a sta...

2018-07-09 Orbex Read more

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 2k contracts to take the total position to 34k contracts. EUR has now been net sold for each consecutive week over the last month as the market has adjusted its view in line with the ECB’s declaration that rates will be on hold until at least summer 2019. ...

2018-07-02 James Harte Read more
bank of canada

While until recently, economists were hawkish on the Bank of Canada and preparing for a rate hike as early as July, the prospects of a rate hike are starting to diminish if recent data is anything to go by. Last week, data from Canada covered the retail sales and inflation reports. An unexpected dip in Canada's retail sales in April and a rat...

2018-06-29 John Benjamin Read more