The Bank of Canada raised rates as expected and maintained the bullish bias. Trade concerns are left, right, and center, limiting the reaction. Trade issues could turn the tables for the BOC. The Bank of Canada hiked the Overnight Rate from 1.25% to 1.50%. They cited a growing economy, a housing market that has stabilized … “BOC behaves like it’s bullish while being terrified of trade tariffs”
Category: Opinions
BOC behaves like it’s bullish while being terrified of trade tariffs
The Bank of Canada raised rates as expected and maintained the bullish bias. Trade concerns are left, right, and center, limiting the reaction. Trade issues could turn the tables for the BOC. The Bank of Canada hiked the Overnight Rate from 1.25% to 1.50%. They cited a growing economy, a housing market that has stabilized … “BOC behaves like it’s bullish while being terrified of trade tariffs”
Time to buy GBP/USD? The UK government is not falling anytime soon
The UK cabinet agreed on a soft Brexit, but Boris Johnson’s resignation hit the pound. As time passes by, nobody challenges UK PM Theresa May. The dizzying political drama can turn into a buying opportunity. The resignation of now ex-Foreign Secretary Boris Johnson sparked a sell-off of Sterling. The pair made a total round-trip of some 150 … “Time to buy GBP/USD? The UK government is not falling anytime soon”
Time to buy GBP/USD? The UK government is not falling anytime soon
The UK cabinet agreed on a soft Brexit, but Boris Johnson’s resignation hit the pound. As time passes by, nobody challenges UK PM Theresa May. The dizzying political drama can turn into a buying opportunity. The resignation of now ex-Foreign Secretary Boris Johnson sparked a sell-off of Sterling. The pair made a total round-trip of some 150 … “Time to buy GBP/USD? The UK government is not falling anytime soon”
Switzerland Rejects “Sovereign Money”—Is the World Ready for Economic Experiments?
The Swiss Central Bank was against it. The Swiss politicos were against it. And some 75% of the Swiss population who voted in a national referendum were against it. So, what was all the fuss about the Swiss financial experiment called Vollgeld? Vollgeld, or “sovereign money”, is a Swiss initiative aimed at avoiding the boom … “Switzerland Rejects “Sovereign Money”—Is the World Ready for Economic Experiments?”
Switzerland Rejects “Sovereign Money”—Is the World Ready for Economic Experiments?
The Swiss Central Bank was against it. The Swiss politicos were against it. And some 75% of the Swiss population who voted in a national referendum were against it. So, what was all the fuss about the Swiss financial experiment called Vollgeld? Vollgeld, or “sovereign money”, is a Swiss initiative aimed at avoiding the boom … “Switzerland Rejects “Sovereign Money”—Is the World Ready for Economic Experiments?”
GBP/USD: Caution N-Term Ahead of Jul-9 White Paper; Staying Constructive M-Term
The pound made its way up but still hesitates ahead of yet another significant hurdle in the Brexit saga. What’s next? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses GBP outlook and adopts a cautious bias ahead of the release of the UK’s government’s position on Brexit in a white paper on 9 … “GBP/USD: Caution N-Term Ahead of Jul-9 White Paper; Staying Constructive M-Term”
GBP/USD: Caution N-Term Ahead of Jul-9 White Paper; Staying Constructive M-Term
The pound made its way up but still hesitates ahead of yet another significant hurdle in the Brexit saga. What’s next? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses GBP outlook and adopts a cautious bias ahead of the release of the UK’s government’s position on Brexit in a white paper on 9 … “GBP/USD: Caution N-Term Ahead of Jul-9 White Paper; Staying Constructive M-Term”
GBP/USD: Trading the UK Services PMI
The Services PMI is a closely watched economic indicator and has a considerable impact on the Pound. The Market Impact Tool shows trading opportunities in both upside and downside surprises on this event. The GBPUSD moved, on average, 8 pips in the 15 minutes after the data release and 30 pips in the following 4 … “GBP/USD: Trading the UK Services PMI”
GBP/USD: Trading the UK Services PMI
The Services PMI is a closely watched economic indicator and has a considerable impact on the Pound. The Market Impact Tool shows trading opportunities in both upside and downside surprises on this event. The GBPUSD moved, on average, 8 pips in the 15 minutes after the data release and 30 pips in the following 4 … “GBP/USD: Trading the UK Services PMI”