Forex Consulting

CIBC report: ‘Short the loonie’

The economists at CIBC get bold with a call It’s rare for an economist to make such a strong statement on a currency but CIBC economist Bejamin Tal thinks the Canadian dollar is headed much lower and has four reasons for the call: Copyright 2015 Forexlive.com

Forex Consulting

Dallas Fed trimmed mean PCE 1.8% vs 1.6% prior

Higher core inflation A few people at the FOMC table really like the Dallas Fed trimmed mean as a measure of US core inflation. In the September data — just released — the index rose to 1.8%. The August number was also revised to 1.6% from 1.5%. Copyright 2015 Forexlive.com

Forex Consulting

USD rebound reached its limits? – Credit Agricole

Credit Agricole says it’s time to ease up on the US dollar Credit Agricole CIB FX Strategy Research discusses the USD outlook this week, noticing that the Fed Chair saga should finally come to a conclusion this week with the deadline being President Trump’s departure for his Asia trip on the 3rd of November. Copyright…

Forex Consulting

European stock close: Spain leads the way

Closing changes for the main European bourses: – UK FTSE -0.3% – German DAX +0.1% – French CAC -0.1% – Spain IBEX +1.8% – Italy MIB +0.4% The market loves it when a central government puts down an independence movement. Copyright 2015 Forexlive.com

Forex Consulting

Long-Term Capital Management on steroids

IMF warns on volatility strategies Crowded, leveraged bets on low volatility are my guess to be the cause of the next financial crisis. The IMF is worried too. In an with the Financial Times Tobias Adrian, director of the Monetary and Capital Markets Department of the IMF bets on things like the VIX by pension funds…

Forex Consulting

White House considering phasing-in corporate tax cut

Fully lowered corporate tax rate wouldn’t take effect until 2022 This isn’t great news for the stock market. The 20% corporate tax rate that Trump’s team has been touting reportedly won’t come into effect until 2022 in the latest proposals. It would be slowly phased in over that period. Copyright 2015 Forexlive.com