June 18, 2014
Gold has rebounded back up to the trendline (from triangle break) a few days ago and it held again. The next move up should be interesting, as people still continue to monitor events in Iraq to see if there is any escalation. FOMC keeping as expected on the rate release, the press conference could be… View Article
June 18, 2014
The FOMC meeting is due to conclude in about 30 mins (1800 GMT). at 1830 GMT, Janet Yellen will hold a press conference. The wall street journal has produced an article on 5 things to keep an eye on. The link is http://blogs.wsj.com/briefly/2014/06/17/5-things-five-things-to-watch-for-at-the-fed-meeting-wednesday/ Good luck and dont forget to login to the live webinar. To register,… View Article
June 18, 2014
The increase in the current account deficit to $111.2bn in the first quarter, equivalent to 2.6% of GDP, from $87.3bn, or 2.0% of GDP, in the final quarter of last year was due to a widening of the trade deficit and a decline in the investment income surplus. The first-quarter figure was far worse than… View Article
June 18, 2014
Canadian wholesale trade sales have grown 1.2% MoM in April, versus 0.5% expected and -0.4% in March, setting a record on gains in building material and machinery. While as US current account deficit expanded to 111.2bn in Q1 versus 97.0bn expected. The Q4 deficit was revised higher to 87.3bn from 81.1bn. USDCAD is now 1.0858 falling… View Article
June 18, 2014
Here is HILSENRATH’S article in the WSJ for today’s FOMC which is of interest. http://online.wsj.com/news/articles/SB20001424052702303642704579620703268115542 Enjoy. I am waiting for a Hawkish statement and if that is the case I like going long USDCAD and long Sterling…I will let you decide against which currency it is the best to buy that one. denis.taranov@savitrading.com
June 18, 2014
The minutes of June’s MPC meeting provide some relief given recent hawkish noises that no members of the Committee have yet started to vote to raise interest rates. Admittedly, the minutes reiterated that “for some members, the policy decision had become more balanced”. But all members agreed that there would need to be more evidence… View Article
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