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Bank of Canada (BOC) holds rates steady; No changes anytime soon
The Canadian dollar losses extended even as the Bank of Canada signaled rates will not change anytime soon and they expressed strong optimism with the economy. The initial reaction saw the loonie...
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US Open – Italian Elections, Canadian sales miss, Oil & Gold rise on downed...
Next week tech earnings pick up speed and expectations are low for results for companies in the S&P 500. Year-on-year growth is expected to decline 11.2%, quite the contrast to the financial, who...
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Special FOMC Preview – July 30th, 2019 (video)
OANDA Senior Market Analysts Ed Moya and Craig Erlam preview the upcoming Fed interest rate decision, what they think the central bank will do in the coming months and the impact it will have on the...
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Canadian and Japanese Politics Could Drive CAD/JPY higher
Two key political stories could help drive CAD/JPY higher in the short-run. All the yen crosses remain vulnerable to a safe-haven market moving event, but right now we could be entering a small period...
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Loonie, Oil and Stocks Extend Declines
Oil prices took a left hook to the chin after the EIA report showed stockpiles posted their largest gain since May. The crude oil inventory report showed refiners slowed output, the first time since...
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US Open – Trudeau, Brexit, Trade, Earnings, Oil, Gold
US stocks continue to hang around record territory as earnings season heats up with almost one-fifth of the S&P 500 members set to report this week. So far, earnings season has been much better...
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BNN Bloomberg with OANDA discussing the US stock market
Edward Moya, senior market analyst at OANDA in New York joins Paul Bagnell on BNN Bloomberg to discuss why the US stock market winning picture is unlikely to change. Moya outlines a list of factors...
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US Open – Fed, US GDP, South Africa Budget, BOC, Oil, Gold
US stocks are little changed despite stronger than expected private payroll and GDP data, as markets await a pivotal Fed rate decision this afternoon. This morning’s data likely confirms Fed Chair...
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US Open – Dollar softens on tepid 145K job gain and softer wage data, Oil’s...
The December non-farm payroll report showed a tepid 145,000 jobs were created, while wage growth showed a broad range of weakness in construction, manufacturing, education and health services, and...
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US Open – Huge NFP Beat wraps up a great week for the President, Oil can’t...
The US economy appears to be clicking on all cylinders. After four days of strong gains on Wall Street, today’s jobs report and trade optimism put an exclamation point on a week that shows the US...
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Mid-Market Update: Bear Market Rally, BOC goes all-in, Bojo and Health Chief...
This week’s historic stock market rebound seems to be more of a bear market rally than a confirmation that the bottom is in place. Coronavirus worries and messy fundamentals will likely see skepticism...
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OPEC + is back; Trump announces Russians/Saudis to deliver 10-million-barrel...
Oil prices are jumping on President Trump’s news that the Saudis and Russians are ending their feud and will cut oil production by 10 million barrels. Oil rallied over 30% after Saudi Arabia issued a...
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Oil’s last dance, Oil-linked currencies soften, and Mexico’s surprise bank cut
All hell is breaking loose in oil markets. Yesterday’s historic selloff with the WTI May futures contract was a technical situation that did not have same whopping impact today’s rout is having on the...
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Mid-Market Update: Tug-of-war market, Continuing Claims bright spot, Trade...
US stocks initially traded lower as worsening fundamentals overshadowed hopes for fresh stimulus. The US economy saw the initial jobless claim total over 8 weeks top 36.5 million, while continuing...
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NFP Update: The Recovery already started, Stocks and Treasuries soar, Oil’s...
US stocks continue to rock and roll after a better than expected nonfarm payroll report suggest the economic recovery already began in May. It is not often you get the headline number and all the...
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I’m all about that yield, ’bout that yield
My “base” case in 2020 is that all it’s all about that yield, in this bass case, the US 10-year yield. The trajectory of the US benchmark, the risk-free rate of return for CFO’s and finance professors...
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OPEC+ shocker, don’t bet against the Saudis, US shale rejoices, loonie rallies
Crude prices are soaring after OPEC+ stunned energy markets with the incredibly bullish decision to keep output unchanged. The Saudi decision to extend their voluntary 1 million bpd cut was shocking...
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Week Ahead: Has the US economic boom been mostly priced in?
Vaccine rollout success in the US has Wall Street quickly pricing in rapid growth during the recovery stage. The trend in daily new cases is rising in the US but the successful vaccine rollout will...
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US Close: September Selling, Evergrande fears, Manchin move, CAD lower
US stocks are selling off sharply as seasonal factors have allowed the Evergrande story to help deliver the first meaningful pullback since February. It just seems all the headlines to start the...
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NFP React: Complex NFP still confirms Nov taper announcement, Jobs Mission...
US stocks did not know how to react to a complex jobs report. An adequate jobs report continues to pave the way for the Fed to make a formal taper announcement at the November 3rd FOMC meeting....
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