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FXstreet.com: Fundamental
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FXstreet.com: Fundamental. Get the grip on the macro-economic picture with the most respected firms.
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Canada: Trade balance remains in surplus in January
Trade balance remains in surplus in January Latest: +$0.8B (Actual) +$0.4B (Expected) Previous: +$0.1B (revised up from -$0.2B) FACTS: The Canadian trade balance registered a $0.8B surplus in January, after two $0.01 surpluses in December and November (small deficits initially reported - top chart). In January, exports grew $0.153B or 0.5%. Advances in exports of industrial goods and materials (+$0.3B), consumer goods (+$0.1B) and agricultural and fishing products (+$0.1) were partly offset by
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Looming auction and hearty Chinese data hinders bonds
Ahead of another heavy U.S. Treasury auction, with today the turn of the 30-year maturity, dealers have sold bonds ahead of time bowing to slightly more favorable economic data. Strong industrial production, retail sales and bank lending data emerging overnight from the Chinese economy coupled to a report indicating a rise in its inflationary pressures, also helped pressure global bond prices lower in turn lifting yields. The distant stench of a possible Greek sovereign debt default also
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Currencies calmly accept rampant Chinese growth
There’s a nice mix of arguments this morning to give rise to conflicting views on today’s currency movements. A slew of healthy data out of China confirmed up to be a rambunctious pup desperate to play in the yard. Moreover the strength of the data raises the stakes in terms of monetary tightening, which helped boost the Japanese yen rise against regional currencies on a risk reversion theme. Yet the yen showed its true colors against both the dollar and euro where rising confidence in a
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USD lower, China rate hike fears, UK inflation expectations
FX Highlights The USD is trading mixed to lower as a temporary boost from report of a surprise rise in China's inflation and strong Chinese industrial production and retail sales data fades, strong Chinese economic data raises the risk of earlier rate hike from China and stocks drifted lower save for the Nikkei, the Chinese economic data dampened risk appetite, JPY is trading lower pressured by report of a downward revision in Japan's Q4 GDP and BOJ ease speculation, GBP gains in reaction to a
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Targeting the Canadian Dollar Today
Key News • China Inflation, Production Accelerate, Adding Pressure for Stimulus Exit (Bloomberg) • Greece Paralyzed by Strikes as Unions Protest Against Plan to Cut Deficit (Bloomberg) • LONDON, March 11 (Reuters) - Britons' expectations for inflation over the next 12 months rose slightly to 2.5 percent in February from 2.4 percent in November, a quarterly survey from the Bank of England showed on Thursday. • ZURICH, March 11 (Reuters) - The Swiss National Bank will likely leave interest rates
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