Market News

Okay, this morning I am going to present a series of charts. Let’s play: Guess that country? Here is a hint: It is not China.

Over the past couple of months we’ve seen how the Loonie trampled over almost every other major currency in sight, most especially the US dollar. After hitting a high of 1.0781 earlier this year, the USDCAD dropped day after day after day after day… Oops, where was I?

Whew! What a day in the currency markets! Are you ready for a new one? Make sure you check out my daily economic roundup first!

It is about time China hikes rates. With inflation likely bubbling, and growth smoking, a hike by China would be no surprise. We have been expecting the same from central banks across Asia given their relatively high growth and low interest rates.

Tomorrow will mark the first time that the European Central Bank will be releasing an interest rate decision after the EU summit which discussed Greece’s debt issues. Seeing that a “solution” was made during the summit, could we expect a more upbeat report?

Yowza! Were you able to hop on all those strong moves yesterday? If not, make sure you read today’s roundup so that you know what to keep your eyes on!

Playing for Japanese yen weakness is one of our favorite long-term trades at Black Swan Capital; besides being short the euro against any other currency with a pulse. The yen has started to weaken against the pack–finally.

Over the weekend, an interesting new development popped up regarding the looming US-China trade war. Last Saturday, the US Treasury decided to delay its semi-annual currency report which was slated to officially label China as a “currency manipulator.”

It was a mixed Easter holiday for the currencies yesterday as they were unable to find clear direction. With traders piling back into the markets, will we see liquidity pick up again and see some major moves?

Other real (physical) asset investments in the real economy (land, plant, equipment, etc.), that appear relatively cheap at the beginning of recovery thanks to the impact of recession, compete with gold as an investment class once again.

The spotlight will be on Australia tomorrow as the RBA rate decision is on deck. Will the RBA continue its rate-hiking ways?

Welcome to a brand new week of forex trading! Before you hit your buy or sell button, see first what’s happening on the economic front! Go ahead and check them out!

Well, if true, stocks did it again. They forecasted a recovery. The optimists have been right; piling into stocks with confidence as they climbed the proverbial Wall of Worry. The worry warts (guilty as charged) look like they were wrong; especially if the China credit bubble concerns prove untrue.

What a way to kick off the month as the Non-Farm Payrolls report is coming in! Seeing how the ADP non-farm employment change released yesterday was off target, what should we expect in tomorrow’s report?

Happy April Fools’ Day! I’m sure you don’t want to fool around in the currency market without checking out my daily economic roundup. Go ahead and read on!

A reader shot us an email yesterday to bring up two things: 1. That a good number of analysts he follows is expecting the Canadian dollar to continue strengthening versus the US dollar. 2. That a good number of analysts he follows is expecting the euro to weaken substantially still versus the US dollar.

As we all know, the start of the global recession essentially began with the collapse of the US housing market. With the Fed’s trillion dollar mortgage-backed securities program coming to an end, what now?

Its the end of the month and we all know what that means – US employment figures coming out soon! How will the markets react this time around?

Let’s see: Twenty-years of Keynesian pump priming in Japan; cost-several trillion Japanese yen; mired deep in deflation with anemic industrial production-priceless!

Tomorrow, we’ll be seeing the results of the Tankan survey for the first quarter of 2010. Did Japan’s manufacturing and non-manufacturing industries improve? Or have business conditions worsened?