Fundamental and Technical Outlook: USD/CAD

Fundamental Outlook: USD/CAD

Today’s London session has seen slight USD strength despite month-end flows expected to be USD negative and ahead of Preliminary GDP. The main mover, however, has been GBP with GBPUSD once again approaching 1.2500 and EURGBP below 0.8500.…

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German Import Prices Fall

👤Xinyang 🕔November 29, 2016

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From Trading Economics: The import price index in Germany declined by 0.6 percent year-on-year in October of 2016, following a 1.8 percent drop in September while markets expected a 0.8 percent fall. Excluding crude oil and mineral oil products, import prices decreased by 0.7 percent from a year earlier.…

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BoE’s Gertjan Vlieghe View On U.K Interest Rate

👤Arthur Greene 🕔November 28, 2016
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The highly uncertain outlook for Britain’s economy as the country prepares to leave the European Union means the Bank of England should keep interest rates on hold, one of the bank’s top policymakers said on Monday.

Gertjan Vlieghe, one of the strongest advocates for Bank of England stimulus in the aftermath of June’s Brexit vote, said upside or downside surprises in Britain’s economy need not prompt automatic changes in British monetary policy.

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Dallas Fed Manufacturing Business Index Continues to Expand

👤Arthur Greene 🕔November 28, 2016

Overall business activity in Texas turned positive in November for the first time since December 2014, according to the Dallas Federal Reserve. The production index increased to 8.8 from 6.7 previously with the new orders component strengthening to -1.4 from -3.5 as the pace of decline in unfilled orders also slowed significantly on the month.…

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Top Events For Nov 28 – Dec 2

👤Arthur Greene 🕔November 28, 2016

The release of worldwide manufacturing PMI results will provide data watchers with the first available information on global economic trends in November. Meanwhile the Fed will be monitoring non-farm payroll numbers in the US and ECB policymakers await inflation and unemployment figures.…

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Taiwan Consumer Confidence

👤Xinyang 🕔November 28, 2016

News Event

From Trading Economics: Consumer confidence in Taiwan decreased to 77.71 in November from 78.95 in October of 2016. It was the lowest figure since September 2013, as all economic indicators showed a decline. An indicator of time to invest in stocks fell the most (66.90 from 72.60 in the prior month), followed by inflation expectations (51.55 from 52.50), domestic economic climate (72.65 from 72.85), family economic conditions (78.80 from 78.85), willingness to buy durable goods (88.65 from 88.75) and concerns toward unemployment (107.70 from 108.15).…

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U.K GDP Q3 at 0.5%
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👤Arthur Greene 🕔November 27, 2016

There seems to be no surprises in the UK GDP release: quarterly growth remains 0.5%, and yearly growth is 2.3%. Among the internal components, we find a rise of 0.9% in business investment while services stand at 0.8%. Exports are up 0.7% and imports down 1.5%.…

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Argentina Jobless Rate Falls in Q3

👤Xinyang 🕔November 25, 2016

News Event

From Trading Economics: The unemployment rate in Argentina decreased to 8.5 percent in the third quarter of 2016 from 9.3 percent in the previous quarter. There were 1.069 million unemployed people; 1.27 million underemployed and 11.477 million employed. Among the 6 regions considered, Gran Buenos Aires recorded the highest jobless rate (10 percent), followed by Pampeana (8.4 percent).…

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German Business Climate Steady In November: IFO

👤Arthur Greene 🕔November 24, 2016

German business morale remain unchanged in November, a survey showed on Thursday, suggesting company executives are still optimistic about the growth prospects for Europe’s largest economy despite growing political uncertainties.

The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, was unchanged at 110.4 in November after a slight downward revision to 110.4 from 110.5 previously reported in October.…

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New Zealand Trade Deficit Narrows in October

👤Xinyang 🕔November 24, 2016

News Event

From Trading Economics: New Zealand posted a trade gap of NZD 846 million in October of 2016, compared to a NZD 904 million deficit a year earlier and better than market expectations of NZD 950 million shortfall. It was the smallest gap recorded since July when the trade balance swung into deficit.…

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The highly uncertain outlook for Britain’s economy as the country prepares to leave the European Union means the Bank of England should keep interest rates on hold, one of the bank’s top policymakers said on Monday.

Gertjan Vlieghe, one of the strongest advocates for Bank of England stimulus in the aftermath of June’s Brexit vote, said upside or downside surprises in Britain’s economy need not prompt automatic changes in British monetary policy.

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U.K GDP Q3 at 0.5%
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