Canadian dollar struggles Oil prices and equities are higher today but that hasn’t helped the Canadian dollar. It’s now the worst-performing major on the day. The weakness has pushed USD/CAD up 47 pips to 1.3316, which just about wipes out Friday’s loss and puts it back within striking distance of the July high of 1.3345.
Houston, we have liftoff (again)… ForexLive The chart above details what you need to know about possible SNB intervention over the past few weeks. It is getting quite clear that the central bank is back in the market to smooth out the appreciation seen in the franc once again. Total sight deposits have been relatively
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GBP/USD rises after the UK government turns down pessimistic predictions in the Yellowhammer report. The latest statements from the US President Donald Trump add to the strength. With the UK government sources on their run to turn down the Yellowhammer report’s predictions, coupled with the US President’s comments, GBP/USD takes the bids to 1.2160 during
What’s coming next for global markets [embedded content] Bonds are painting an ever-dour message on Fed policy, an end to globilsation and slower global growth. We look ahead to next week.  As I review in the ‘Event risk playbook’, the market will trade in anticipation of Friday’s Jackson Hole Symposium, and what will be and
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Not clear where the tanker is headed A Gibraltar court released the Grace 1 tanker on Saturday and the ship is preparing for departure. The move came despite US objections and appeals. The US government issued a warrant to seize the ship, saying all oil aboard the ship is subject to forfeiture due to a
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