User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday October 16, 2009 - 21:00:15 GMT
Reuters - www.reuters.com

Share This Story:
| | Email

Forex Market News - CANADA FX DEBT-C$ slips as risk appetite wanes; bonds higher

 

Fri Oct 16, 2009 4:30pm EDT
 * C$ finishes at 96.32 U.S. cents
 * Canadian dollar up 0.6 percent for the week
 * Inflation data expected to keep BoC steady on rates
 * Bond prices higher
 (Updates to close, adds details, quotes)
 By Jennifer Kwan
 TORONTO, Oct 16 (Reuters) - Canada's dollar fell against
the U.S. currency on Friday as investor thirst for risk waned
and soft domestic inflation data underpinned expectations the
Bank of Canada will keep rates steady through mid-2010.
 North American equity markets, typically a barometer of
risk, notched a lackluster performance on disappointing results
from conglomerate General Electric (GE.N: Quote, Profile, Research, Stock Buzz) and Bank of America
Corp (BAC.N: Quote, Profile, Research, Stock Buzz).
 Data also showed Canadian consumer prices fell in September
from a year earlier, thanks largely to tumbling gasoline
prices. While there was other evidence of emerging inflation
pressures, it was not expected to be of concern to the Bank of
Canada. [ID:nN16340697]
 The economic reading is expected to permit the central bank
to hold interest rates steady next Tuesday and repeat its
conditional pledge to leave them unchanged at 0.25 percent
through mid-2010.
 "Looking at those CPI figures and looking at the strength
in the currency, it reinforces the view that the Bank of Canada
will maintain an accommodative monetary policy stance longer
than some other countries," said Andrew Pyle, wealth adviser at
Scotia McLeod.
 Most of Canada's primary dealers forecast on Friday the
central bank is likely to stick to its pledge to keep its
benchmark interest rate at its current near-zero level through
the second quarter of next year. [ID:nTOR006836]
 Market watchers expect the central bank to highlight the
currency's spike of some 26 percent since hitting a four-year
low in early March. This week, the Canadian dollar zoomed to a
14-month high.
 "There's some concern the Bank of Canada may ramp up some
of its jaw-boning of the Canadian dollar due to the threat of
economic recovery. You might have some traders getting out of
the currency on that basis," said Sal Guatieri, senior
economist at BMO Capital Markets.
 After the domestic inflation numbers, the Canadian unit
dropped as low as C$1.0436 to the U.S. dollar, or 95.82 U.S.
cents, compared with around C$1.0334 to the U.S. dollar, or
96.77 U.S. cents, just before the data.
 The currency finished at C$1.0382 to the U.S. dollar, or
96.32 U.S. cents, down from C$1.0345 to the U.S. dollar, or
96.67 U.S. cents, at Thursday's close.
 Early on Thursday, the currency rallied to C$1.0207 to the
U.S. dollar, or 97.97 U.S. cents, its highest level since July
2008.
 Friday's inflation data was partly to blame for the
currency's move lower, but experts also pointed to firmness in
the greenback.
 The U.S. dollar recovered some of the week's losses on
Friday as some corporate earnings fell short of expectations
and consumer confidence data dimmed investor demand for
higher-yielding, higher-risk currencies. [USD/]
 BOND PRICES UP
 Domestic bond prices climbed across the curve, following
the big U.S. Treasury market where prices were up as weak
stocks fueled safety bids. [US/]
 The Canadian bond market was also influenced by the
domestic inflation data, said Pyle.
 "It's definitely a bond-friendly number whenever you get
weak inflation numbers," he said.
 "Inflation is an enemy of bonds. Any threat of higher
inflation would tend to play out as a negative of bonds."
 Also on Friday, the Bank of Canada announced details of its
liquidity operations for the week of Oct. 19, as well as
outlining the details for winding down two of its liquidity
programs. [ID:nTOR006838]
 Last month, the central bank said it would further scale
back on providing extraordinary liquidity to money markets, the
latest sign that confidence is returning as the global
financial crisis eases.
 The two-year bond CA2YT=RR climbed 16 Canadian cents to
C$99.27 to yield 1.605 percent, while the 30-year bond
CA30YT=RR rose 90 Canadian cents to C$117.40 to yield 3.958
percent.
 The Canadian market mostly outperformed U.S. Treasury
bonds. The two-year Canadian yield was about 65 basis points
above its U.S. counterpart, compared with around 73 basis
points on Thursday.
 (Editing by Rob Wils

© Thomson Reuters 2009. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world.

 

Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."



Elevate Your Trading With The Amazing Trader!

The Amazing Trader includes:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 18 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Mon 18 Dec
10:00 EZ- final HICP
Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account
Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP
Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes
Mon 25 Dec
00:00 Christmas Holidays

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.


  • POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
  • POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity

  • POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
  • POTENTIAL PRICE RISK: Medium- Wed --15:30-- US- EIA Crude

John M. Bland, MBA
co-founding Partner, Global-View.com EXCLUSIVE: Global-View Daily Trading Chart Points Updated

EXCLUSIVE: Global-View Free Forex Database updated




TRADER ADVOCACY ARTICLES

Trader's Advocate Articles..

pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105