1.1191 is the low as the Bank of Canada release details from their monetary policy meeting. They still see the underlying inflation pressures as muted but much of the “temporary” wording has come out. We’re still a little bit in … Continue reading
The Monetary Policy Report from the Bank of Canada holds few changes in terms of the growth view while boosting near-term inflation forecasts, largely as a results of higher data. Some of the numbers have been shuffled but nothing has … Continue reading
Highlights of the quarterly Bank of Canada monetary policy report October 2014 US GDP forecast raised to 2.2% from 1.6% for 2014, Lowers 2015 to 2.9% from 3.1% and 2017 to 2.7% from World growth raised to 3.1% from 2.9% … Continue reading
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The BOC had hinted it may remove forward guidance but without saying ‘neutral’ the statement still indicates no bias toward hiking or cutting: “The Bank judges that the risks to its inflation projection are roughly balanced” Inflation is close to … Continue reading
The AUDUSD hourly chart is about the most messy thing I have seen in a while (see chart below). Yesterday, I thought the pair had the chance to break on the back of the China releases. The price indeed moved … Continue reading
Shots have been fired and a soldier was seen falling at the Canadian war memorial. The story is breaking on Bloomberg headlines, they also note that police are on the scene. (see below for updates) The early report says the … Continue reading
EU must maintain pressure on Russia Danish PM Helle Thorning-Schmidt telling us more things that won’t happen at the summit. Maybe Bloomers has the lowdown on what they are going to do at this summit as they’ve got their greasy mitts … Continue reading
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 … Continue reading
Yesterday was the best day for the S&P 500 in a year. Just holding onto those gains today would be a victory for the bulls. Just ahead of the open, futures indicate a 0.25 point decline. Corporate earnings were generally … Continue reading
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