BLOG

Get updates on the latest economic news and trends and how it affects currency prices and also commentary from experienced currency traders. Updated weekly. Podcast and weekly newsletter coming soon.

October 8, 2018

The US Dollar gained some ground against its peers in a turbulent week. What’s next? US inflation stands out in the second week of October which also sees tension rising towards Brexit and the mid-term elections Here are the highlights for the next week

The greenback kicked off the new quarter with fresh gains. Powell’s...

August 20, 2018

  • The US Dollar remains dominant, and each breather looks like a buying opportunity.

  • There are three central drivers, and they are set to continue for at least a few more months.

  • Things may materially change in the middle of the autumn. 

US Dollar strength is a prominent feature for quite a few months. Ea...

August 16, 2018

The U.S. State Department must conduct a new environmental review for the Keystone XL crude pipeline, a federal judge ruled, dealing a blow to a project supported by President Donald Trump in his first few days in office.

U.S. District Court Judge Brian Morris in Montana sided with indigenous and environmental grou...

July 31, 2018

Canada’s economy grew at the fastest pace in a year, further evidence of a solid expansion even as trade tensions with the U.S. remain a threat.


Gross domestic product increased by 0.5 percent in May, Statistics Canada said Tuesday from Ottawa, exceeding expectations for a 0.3 percent gain in a Bloomberg survey of econ...

July 31, 2018

MARKET DEVELOPMENTS – BOJ QE INFINITY, FED QT PROVIDING USD BID

US equity futures are showing modest gains this morning (DJIA +0.1%, Nasdaq 100 +0.4%, S&P 500 +0.3%) as the Bank of Japan prepare for QE infinity by pushing back the time it will take to hit its inflation target yet again. Alongside this, markets are braci...

July 31, 2018

  • The index advances to the mid-94.00s or fresh daily tops.

  • DXY finds support in session lows in the 94.20/15 band.

  • Consumer Confidence surprised to the upside in July.


The greenback, in terms of the US Dollar Index (DXY), has reverted the negative start and is now trading in session tops in the mid-94.0...

June 29, 2018

China’s yuan will head in time to its weakest since 2008, and the country’s stock slump also has further to go, according to the veteran global economist George Magnus.

The currency’s decline will only deepen as monetary policy on the mainland diverges from that of the Federal Reserve, Magnus said in a telephone intervi...

The Mexican peso sank to its weakest in more than a year on concern the U.S. may leave the Nafta agreement and try to negotiate two separate free-trade deals with Mexico and Canada.

The Mexican currency slid for a fourth day, dropping 1.6 percent to 20.3838 per dollar as of 11:44 a.m. in New York, the second-sharpest re...

The Trump administration announced it’s imposing tariffs on steel and aluminum imported from the European Union, Canada and Mexico, in a move almost certain to trigger retaliation by America’s closest allies.

The decision came hours before temporary exemptions were due to elapse at 12:01 a.m. in Washington on Friday. Th...

May 22, 2018

https://www.bloomberg.com/news/articles/2018-05-22/lira-gains-as-emerging-market-advance-buys-turkey-breathing-room

April 27, 2018

The AUDUSD traded to the lowest level since December 12, 2017. That low on the daily chart, bottomed at the 0.7531 which was a familiar swing level from November and December 2017. At that time, the price fell stalled at 0.7535 and 0.7531 in November. It broke and tried to stay below in December. That break failed afte...

April 27, 2018

EUR/USD


The pair went much lower during the Wednesday’s session reaching the 1.21 level, the area which has massive importance and was also the scene of a major breakout. A bounce from here will confirm the continuation of the upside trend but the pair is experiencing huge downward pressure due to rise in the yield of...

Please reload

Disclaimer: The information presented here is for general informational purposes only. While we try to keep the information up-to-date and correct , there are no representations or warranties, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the information, products, services, or related graphics contained in these blog posts for any purpose. Any use of this information is at your own risk.

TORONTO

279 Spadina Ave

Toronto ON

M5T 2E3

416-596-7601

Mon - Fri: 10am - 5:30pm

Saturday: 11am - 4pm

Sunday: Closed

SCARBOROUGH

4779 Steeles Ave E. Unit 6

Scarborough ON

M1V 4S7

416-412-7601

Mon - Fri: 10am - 4pm

Saturday: 10am - 2:30pm

Sunday: Closed

RICHMOND HILL

330 Highway 7 E. Unit 102B

Richmond Hill ON

L4B 3P8

289-597-7601

Mon - Fri: 11am - 4:30pm

Saturday: Closed

Sunday: Closed

RICHMOND HILL

9625 Yonge St

Richmond Hill ON

L4C 5T2

905-770-0555

Mon - Fri: 10:30am - 5pm

Saturday: 12pm - 4pm

Sunday: Closed

Reminder: During any severe weather we will be closed that day

MISSISSAUGA

715 Central Parkway W

Mississauga ON

L5B 4L1

647-865-8506

Mon-Fri: 10:30am - 5pm

Saturday: 12pm - 4pm

Sunday: Closed