September 2017 - Page 34 of 108 -

USD/CAD: Post-BoC Losses To Accelerate On Strong Canada Employment

Sep 08, 2017 Jeremy Parkinson Finance 0

Trading the News: Canada Net-Change in Employment Another 15.0K expansion in Canada Employment may fuel fresh 2017-lows in USD/CAD as it puts pressure on the Bank of Canada (BoC) to implement additional rate-hikes over the coming months. The BoC may move to the sidelines after delivering two consecutive rate-hikes as the central bank notes ‘Future monetary policy decisions […]

Wipeout: US Dollar Crashes Across The Board

Sep 08, 2017 Jeremy Parkinson Finance 0

Dear lord: the pressure on the dollar is unrelenting. It looks like no one wants to be the idiot that’s long USD headed into a weekend that could see a catastrophic hurricane strike on Florida and another ICBM launch for North Korea. As tipped overnight in our post on the yuan, the losses really started to […]

Dull End To The Week; L&T Rallies 4%

Sep 08, 2017 Jeremy Parkinson Finance 0

Indian share markets continued to trade flat in the afternoon session amid continued caution about global risk factors such as North Korea. At the closing bell, the BSE Sensex closed higher by 25 points and the NSE Nifty finished up 5 points. The S&P BSE Mid Cap finished down by 0.4% while & S&P BSE Small Cap too finished down by 0.2%. Gains were […]

Crashing Dollar Sends European Stocks, US Futures Reeling; Yuan Has Best Week On Record

Sep 08, 2017 Jeremy Parkinson Finance 0

European stocks dropped, Asian and EM market rose, and S&P were lower by 0.3% as investors assessed the latest overnight carnage in the USD which plunged to the lowest level since the start of 2015, sending the USDJPY tumbling to 107, the euro extending gains to just shy of $1.21 and a slowdown in China’s export growth […]

Canada ETFs Rise After Unexpected Rate Hike

Sep 08, 2017 Jeremy Parkinson Finance 0

The Bank of Canada (BoC) increased interest rates for the first time in seven years in its July 2017 meeting. Now, for the second consecutive time, the BoC has increased its benchmark overnight interest rate. Most economists expected Governor Stephen Poloz to hold on to the rate hike in the most recent BoC meeting (read: Canada […]

Eurozone Growth Prediction Increased

Sep 08, 2017 Jeremy Parkinson Finance 0

Projections for growth in the Eurozone suggest that it will hit the level seen prior to the Global Financial Crisis for the first time since the storm clouds gathered in 2007. Current ECB projections expect growth in the 19 nations which use the single currency to come in at 2.2% for 2017; this is a […]

Tech Stocks Lead US Sectors For 1-Year Momentum

Sep 08, 2017 Jeremy Parkinson Finance 0

Technology shares have overtaken financial stocks as the top sector performer for the trailing one-year period, based on a set of ETFs. The formerly high-flying financials have been clobbered recently, in part due to worries that falling bond yields and the blowback due to hurricanes striking the US will take a bite out of earnings […]

Further Thoughts On Gibson’s Paradox

Sep 08, 2017 Jeremy Parkinson Finance 0

“The paradox is one of the most completely established empirical facts in the whole field of quantitative economics.” – John Maynard Keynes “The Gibson paradox remains an empirical phenomenon without a theoretical explanation” -Friedman and Schwartz “No problem in economics has been more hotly debated.” – Irving Fisher Introduction Two years ago, I found a […]

US Dollar Tracks Yields Lower

Sep 08, 2017 Jeremy Parkinson Finance 0

The US dollar has been unable to find any traction as US yields continue to move lower. The US 10-year year is slipping below 2.03% in European turnover, the lowest level in ten months. The risk, as we have noted, is that without prospects of stronger growth and inflation impulses, the yield returns to where was […]

Hurricane Harvey Ripple Effects: Assessing The Impact On Housing And GDP

Sep 08, 2017 Jeremy Parkinson Finance 0

Black Knight reports Hurricane Harvey could Lead to 300,000 new mortgage delinquencies. How does this compare to Katrina? And what about GDP? Via Email from Black Knight Hi Mish, As we watch Hurricane Irma barreling through the Caribbean, on her way to Florida, Black Knight is releasing an updated and expanded analysis around the potential […]