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  • Article / Friday at 16:10 GMT

    Stable genius downgrades Nafta risks for loonie

    FX Trade Strategist / www.Loonieviews.net
    Canada
    Stable genius downgrades Nafta risks for loonie
    The Canadian dollar is the biggest (and only) loser since the January 5 close in New York, with the Japanese yen leading the rest of the currencies higher. Nafta concerns have underpinned USDCAD, while a potential shift in future ECB guidance and a tweak in BoJ bond purchases has undermined the US dollar.
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    5d
    Market Predator Market Predator
    Hello Michael. I'd like to ask you if housing prices (debt) is no more problem for BoC. What do you think please?
    5d
    Michael O'Neill Michael O'Neill
    Hi Market Predator. Nothing has changed (yet) to suggest that the BoC's concern with elevated household debt has changed. New mortgage rules went into effect at...
  • Article / Friday at 14:47 GMT

    WCU: Energy leads commodities in bullish start to 2018 —#SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Energy leads commodities in bullish start to 2018 —#SaxoStrats
    Demand for energy has got commodities off to a bullish start in the first full trading week of 2018. A weaker dollar and increased focus on inflation together with geopolitical risks were some of the main drivers of a strong beginning to the year for crude oil and gold. Correction risks lurk, however, with oil potentially at risk
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    5d
    edo edo
    There seem to lack a couple of lines on the Nat Gas storage charts
  • Article / Friday at 8:00 GMT

    Morning Markets: Equity bulls push back, EUR in focus ahead of US CPI

    Senior Editor / Saxo Bank
    Denmark
    Morning Markets: Equity bulls push back, EUR in focus ahead of US CPI
    There was a mood of cautious optimism in Asian markets today, with key share indices making minor gains. Hong Kong's Hang Seng was a standout performer, as its two-week long winning streak rolled on. However Japan's Nikkei 225 retreated, adding to Thursday's slide. On the international trade data front, numbers for Japan were disappointing, while China's export growth performance for the year was upbeat.
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  • Article / Thursday at 14:42 GMT

    FX Board: EUR rips back higher on ECB minutes —#SaxoStrats

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Board: EUR rips back higher on ECB minutes —#SaxoStrats
    Today's rally attempt in EURUSD holds more water than yesterday's as it was based on a real development — the release of the ECB meeting account — and also saw a significant shift higher in ECB expectations in interest rate futures. Barring a CPI shocker from the US tomorrow, and it seems the EURUSD bulls are back in the driver's seat.
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  • Squawk / Thursday at 13:05 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    ECB minutes boost the Euro. The just published "account" of the December ECB meeting is seeing a steep back-up in the euro's fortunes, as EURUSD is trading as of this writing back above 1.2000 from below 1.1950 earlier today. The focus seems to be on the ECB's apparent intention to shift its forward guidance should reflation continue and hints that the ECB may even be willing to alter its current guidance when we read a phrase like "the language pertaining to various dimensions of the monetary policy stance and forward guidance could be revisited early in 2018." There are offsetting, rather cautious comments elsewhere, but it seems the market is significantly upgrading the risk of a hawkish shift at the next ECB meeting and European fixed income is heavily offered after this release.

    EURUSD looks tactically bullish again if it can maintain above 1.2000.
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