Where traders come together

Weekly Economic and Financial Commentary

Weekly Economic and Financial Commentary

Apr 19, 2014

After a couple of months of disappointing economic data, indicators for March have begun to reflect more robust rates of economic activity. Retail sales posted a sizable 1.1 percent jump for the month, while housing starts and industrial production both posted positive gains in March. Our expectation since the...

The Weekly Bottom Line

The Weekly Bottom Line

Apr 18, 2014

Following last week's sell off, equity markets regained some ground this week. Economic data was relatively positive with industrial production in particular showing a strong bounce back from its winter lull. And, in a speech on monetary policy, Fed Chair Janet Yellen expressed optimism on the pace of economic...

The Storm Has Passed

The Storm Has Passed

Apr 18, 2014

The North American trading session was predictably mundane today as investors from around the world wound down their activity as the Easter holiday creeps ever closer. In a show of positivity ahead of the holiday, talks between interested powers helped to ease the rising tension in Ukraine whom promised...

USD/JPY – Muted Response to Sharp Unemployment Claims

USD/JPY – Muted Response to Sharp Unemployment Claims

Apr 17, 2014

The Japanese yen is trading quietly in Thursday trading, as USD/JPY trades slightly above the 102 level. In economic news, US Unemployment Claims were solid and easily surpassed expectations. In Japan, BOJ Governor Haruhiko Kuroda spoke at an event in Tokyo. Consumer Confidence continues to drop and Tertiary Industry...

Canada’s Headline Inflation Rate Rose More than Expected in March; Core Rate Increased in Month

Canada’s Headline Inflation Rate Rose More than Expected in March; Core Rate Increased in Month

Apr 17, 2014

The unadjusted all-items Canadian consumer price index (CPI) index rose 0.6% in March 2014 following the 0.8% gain in February. The year-over-year rate rebounded to 1.5% from 1.1% in February and matched January's pace. The Bank of Canada's core measure rose as expected by 0.3%, and the year-over-year rate...

US Initial Jobless Claims Rose Less than Expected in Latest Week

US Initial Jobless Claims Rose Less than Expected in Latest Week

Apr 17, 2014

US initial claims inched upward by just 2,000 to 304,000 for the week ending April 12, 2014 to retrace little of a 30,000 drop to a revised 302,000 (was 300,000) for the previous week. The four-week moving average of initial claims, which helps smooth out some of the weekly volatility...