New year fails to bring new confidence for Canadian small businesses
Jan 28, 2016 16:25 pm UTC| Commentary Economy
Small business confidence fell for a third straight month in January, with the CFIB Business Barometer Index falling 1.4 points to reach 54.3. This brings the sentiment reading to a level not seen since the spring of...
Chinese authorities' strategy to maintain currency stability sustainable?
Jan 28, 2016 15:56 pm UTC| Commentary
Chinese authorities again explicitly stated their inclination towards maintaining a "stable" currency, and reiterated that there is no basis for CNY depreciation. Vice President Li Yuanchao also said during Davos forum...
Jan 28, 2016 15:52 pm UTC| Commentary
Equities are all red in todays trading. Kindly note all instruments mentioned here are CFDs, whose values might differ from cash or future traded. Performance this week at a glance in chart table - SP 500 - SP 500,...
Currency snapshot (major pairs)
Jan 28, 2016 15:33 pm UTC| Commentary
Dollar index trading at 98.75 (-0.17%). Strength meter (today so far) - Euro +0.17%, Franc +0.14%, Yen -0.36%, GBP +0.72% Strength meter (since last week) - Euro +1.27%, Franc +0.27%, Yen -0.08%, GBP +0.54% EUR/USD...
RBNZ relying on currency depreciation to support the economy
Jan 28, 2016 15:33 pm UTC| Commentary Central Banks
New Zealand central bank (RBNZ) left its key rate unchanged as expected at yesterdays policy meet. The central bank seemed notably more concerned about developments in China, on the global financial markets and above all...
Jan 28, 2016 15:22 pm UTC| Commentary
Metal pack is mixed today. Performance this week at a glance in chart table - Gold - Gold is down as risk aversion subside. Todays range $1126-1110 Gold is currently trading at $1115/troy ounce. Immediate support...
FOMC keeps door open to a March hike, market reaction muted
Jan 28, 2016 15:02 pm UTC| Commentary Central Banks
FOMC formally kept the door open to a March hike but did not communicate anything explicitly at this meeting. It was notable that the Fed was no longer willing to describe the risks to the outlook as balanced. A lot can...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.