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(CEP News) - In the absence of economic data from the U.S. on Thursday, markets turned to news from the Canadian government that it anticipates budget surpluses this year and for the next five years, despite lowering its GDP forecasts. It was revealed the country eked out an $800 million surplus in the first half [...]
Volatility has come down recently along with gains in equities, but don’t expect the end of the dollar’s strength yet, says Olivier Desbarres, director in forex strategy at Credit Suisse. He discusses the direction of major currencies with CNBC’s Lisa Oake.
(CEP News) - Equity markets closed higher for the fourth straight session on Wednesday. It’s the first four-day gaining streak since May, and came despite a deluge of U.S. data that showed October was one of the economy’s worst months in decades. The U.S. dollar and Treasuries are broadly higher as market participants continue to [...]
Carmen helps viewers with their dollar dilemmas.
(CEP News) - Initial unemployment claims in the U.S. are expected to remain well above the 500k level in the week ending Nov. 22, after crossing the half-a-million threshold for the first time in over seven years two weeks ago. The report will be released one day early this week due to the Thanksgiving holiday [...]
The Aussie dollar is likely to be supported as the stock market trades in market territory, says Euan McCreadie, senior corporate dealer at OzForex, speaking to CNBC’s Steve Sedgwick and Maura Fogarty.
(CEP News) - It was a relatively quiet day for economic releases, with the key data point being U.S. existing home sales for October, which fell another 3.1% from the previous month. President-elect Barack Obama today unveiled his economics team, which includes New York Fed President Timothy Geithner as Treasury Secretary.
The trend of investors hunting for cash will continue short-term, says Ben Griffith, director of EG Group, speaking to Matt Williams, portfolio manager at Perpetual and CNBC’s Karen Tso.
The Week Ahead: Global Overview.
With market volatility, Masafumi Yamamoto, head of FX Strategy Japan at the Royal Bank of Scotland advises investors to take a “sell-on-rally” strategy for the dollar yen. He speaks to CNBC’s Lousia Bojesen and Maura Fogarty.