Canada’s Q2 GDP was likely much better than Q1. A high growth rate will drive interest rates higher. Any NAFTA headlines impacting future growth can overshadow past growth figures Canada releases Gross Domestic Product data on Thursday, August 30th, at 12:30 GMT. Canada is unique in publishing GDP on a monthly basis contrary to other … “Canadian growth may be great, but NAFTA hangs above”
Category: Opinions
EUR/USD: Have We Seen The Lows In EUR/USD? Where To Target? – Credit Agricole
EUR/USD is sliding after reaching new monthly highs yesterday. What’s next? Is it poised to resume the rally after the recent correction? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses EUR/USD outlook and thinks that the lows are already in for the year with a scope for targeting 1.21 by year-end. “…Renewed USD … “EUR/USD: Have We Seen The Lows In EUR/USD? Where To Target? – Credit Agricole”
US-Mexico deal: Congress may have its say on Trump trying to exclude Canada
The US and Mexico have reached a new NAFTA deal and Canada is set to join. Trump portrays it as the bilateral deal he always wanted and threatens Canada. Congress may have its say, in one composition or another. After long negotiations during the summer, the US and Mexico have agreed on the details of … “US-Mexico deal: Congress may have its say on Trump trying to exclude Canada”
US GDP: Watch the weight of exports, Fed expected to hike in any case
The second release of US GDP is expected to show a small downgrade. Changes in the composition of growth will be of interest. A drop below 4% annualized will inflict some political damage but is unlikely to derail the Fed. The US releases the second version of Q2 GDP on Wednesday, August 29th, at 12:30 … “US GDP: Watch the weight of exports, Fed expected to hike in any case”
Bitcoin rejects the rejections with a lot of resilience
The BTC/USD fell sharply amid another postponement of an ETF decision. The technical picture is complicated, but this cryptocurrency still enjoys higher lows, a positive sign. The price of Bitcoin edged up in a relatively calm mid-summer week of trading. The stability, and more importantly the resilience, are both surprising given the circumstances. For a change, the … “Bitcoin rejects the rejections with a lot of resilience”
Canadian Dollar likes optimism on NAFTA – is it enough?
The Canadian Dollar continued receiving bids on NAFTA hopes. Canada’s quarterly GDP is the central event of the last week of August. The technical picture is mixed after a few weeks of range trading. This was the week: Almost a deal all over again The talks to renew the North American Free Trade Agreement remained … “Canadian Dollar likes optimism on NAFTA – is it enough?”
Donald can’t stop the Dollar, even not in USD/JPY
The USD/JPY moved up in range on Trump-related events The second read of US GDP stands out in the last week of August. The technical charts show a balanced picture for the pair. This was the week: Trump vs. the Fed, the former fixer, China Mid-summer was not a quiet time for US President Donald … “Donald can’t stop the Dollar, even not in USD/JPY”
Jackson Hole 2018: Watch these three long-term things in Powell’s speech
Fed Chair Powell’s speech at Jackson Hole is unlikely to provide immediate news to markets. Comments on the long-term, emerging markets, and the central theme of the event matter more. Fed Chair Jerome Powell will speak on Friday, August 24th, at the Jackson Hole, Wyoming, at the Kansas City Fed’s annual conference. The event yielded significant … “Jackson Hole 2018: Watch these three long-term things in Powell’s speech”
What are Erdoğan’s Options?
Turkish President Recep Tayyip Erdoğan is a proud man. However, perhaps someone should remind him that pride often comes before a fall, and with the Turkish economy teetering on the brink of collapse, maybe now is the time for a little modesty. The Turkish economy is in a mess. There’s just no other way to … “What are Erdoğan’s Options?”
Trump Impeachment: How to trade such a move with the USD in 3 stages
The flipping of confidant Cohen and the conviction of Manafort endanger Trump’s presidency. Markets are already reacting to uncertainty and could move a lot more if Trump starts marching out. There are three different trading phases to the drama. US President Donald Trump worked with Michael Cohen for 12 years. The personal lawyer was also a “fixer” that … “Trump Impeachment: How to trade such a move with the USD in 3 stages”