Posts Tagged ‘exports’

USDCAD Higher After Canadian GDP Inline with Forecasts

by Christopher Lemieuxon May 30, 2014 2:24 pm BST
The greenback gains against the Canadian dollar after data shows that Canada’s gross domestic product came inline with expectations at .1 percent, following the previous quarter’s .2 percent expansion. The poor showing was blamed on a harsh winter that hindered construction, business spending and exports. According to Statistics Canada, annualized gross domestic product was revised […]

Yen Remains Consolidated; USDJPY Near-Term Outlook

by Christopher Lemieuxon April 22, 2014 4:57 pm BST
The Bank of Japan (BoJ) still remains hopeful that their extremely lose monetary policy, coupled with the voracious appetite for higher consumer prices, will amount to continued growth. The yen has remained relatively consolidated over the holiday trade, following a very poor trade balance report. The BoJ does not see the need for further asset […]

US Jobless Claims Fall, Trade Deficit Widens

by Christopher Lemieuxon February 6, 2014 2:59 pm BST
Initial jobless claims in the United States fell 20K to 331, marking the first decline in three week’s, according to the Labor Department. Analysts were expecting 331K. Last weeks jobless claims number was revised up to 351K from 341K. “When you look at the labor market, job destruction has been very, very low,” said Scott […]

No Give on USDCAD, Up 1.5 Percent

by Christopher Lemieuxon January 23, 2014 2:43 am BST
The Canadian dollar seen massive selling after the Bank of Canada (BoC) Governor Stephen Poloz kept the benchmark rate level at one percent. The BoC  growth forecasts did increase from 2.3 percent to 2.5 percent, but Poloz indicated that inflation would remain below the two percent target. “The strengthening of the global economy and recent […]