By / September 14, 2012

Good morning, Markets are trading higher this morning; central bank actions are removing some uncertainty and we are seeing risky assets rally as a result. The Canadian dollar reached a new high overnight and is trading 25 basis points above yesterday’s close against the greenback. The US Federal Reserve announced QE3 in yesterday’s FOMC meeting, just as anticipated. The Fed will commence buying $40bn/month in mortgage backed securities (MBS) and noted if the labor market… Read more

By / September 13, 2012

Good morning, Markets are tightly range-bound this morning as investors sit on their hands awaiting the FOMC decision at 10:30am (MT) and subsequent press conference at 12:15pm (MT). The upside of a positive announcement from the Fed (announcing more stimulus/QE) appears limited as markets have priced in this action over the past few weeks. Most analysts peg the Fed’s decision as an open ended quantitative easing program at roughly $75 billion/month and a total of… Read more

Markets Await FOMC Decision Tomorrow

By / September 12, 2012

Market Comment The Canadian dollar has softened marginally, down 25 basis points against the USD, though continues to trade near a one-year high on strong commodity prices and tomorrows expected stimulus announcement from the US Federal Reserve. More on FOMC Stimulus Decision A recent Bloomberg poll of economists put expectations of QE3 from the Fed at 88%, up from 76% last month. Nearly half expect an open-ended bond-purchasing program of roughly US$65 billion per month…. Read more

By / September 11, 2012

Market Comment The Canadian dollar has reached a new high overnight and is currently trading at the strongest level against the USD since August 2011. CAD Continues to Rally Markets continue to price in the potential QE3 in the US; the Federal Reserve meets on Thursday and it is highly anticipated that the FOMC will announce another round of stimulus for the US economy. The US dollar has fallen over 50 basis points against the… Read more

By / September 10, 2012

Market Comment Markets appear stable to begin another week; however, the Canadian dollar reached a new high for 2012 overnight on the expectation that the US Federal Reserve will launch another round of Quantitative Easing at their meeting on Thursday. Expect some definite volatility this week as meetings across Europe have the potential to decide the future of the ongoing debt crisis. German Constitutional Court To Decide On ESM The Euro has slid roughly 50… Read more

Back to Top