Canadian Dollar

Marc To Market's picture

Dollar Outlook at the End of 2014





The US dollar closed higher against all the major currencies during the holiday shortened week. The lack of liquidity may have exaggerated the weakness of Swedish krona and Norwegian krone, the poorest performing major currencies.  Both lost about 1.5% against the greenback. 

 

The least weak currencies were in the dollar-bloc. The Canadian and New Zealand dollars were practically flat, and the Australian dollar slipped 0.2%.   The euro and sterling slipped about 0.5%, while the yen shed 0.7% of its recent gains. 

 

 
Marc To Market's picture

Dollar Bulls Regain Upper Hand





When the dollar falls, we are told it is logical.  The empire is crashing and burning.  When the dollar rises, the markets, we are told are manipulated.    Well, the dollar is back, and the technical correction ended, near we told you it would.  

 
Marc To Market's picture

Dollar Correction: How Far and How Long?





The US dollar's run stopped last week, but not before new highs were recorded against the euro, sterling, and the yen.   By the end of the week, the euro had risen 1.4%, sterling 0.9%, and the yen had risen as much as the two of them put together.  It was the biggest weekly gain for the yen in 16-months.  

 

There is one pressing question that international investors will be mulling this weekend:  How far and how long is the dollar's correction?   

 

 
Marc To Market's picture

King Dollar: Not Just the Driest Towel on the Rack





Deny it.  Engage in all kinds of mental gymnastics to dismiss it if you must,  but the fact is the US dollar is rising, and not just because of negative developments abroad, but positive economic developments in the US.  

 
Tyler Durden's picture

Frontrunning: December 2





  • DAX’s ‘Brilliant’ Run Sends Red Flag as German Index Tops Record (BBG)
  • U.S. military warned of possible Islamic State attacks at home: report (Reuters)
  • Russia Faces First Recession Since 2009 as Banks Add to Oil Pain (BBG)
  • Dodgy Home Appraisals Are Making a Comeback (WSJ)
  • U.S. Corporate Bond Sales Pass $1.5 Trillion for Annual Record (BBG)
  • Basic Costs Squeeze Families (WSJ)
  • China Orders Stricter Checks on Local Debt as Sales Surge (BBG)
  • Draghi Powerless on ECB Path Toward QE Without Reforms (BBG)
 
Sprott Money's picture

The Working Poor: Welcome to Walmart!





It was recently reported in the news that Walmart is engaged in a(nother) “food drive” to help feed the needy. Isn’t that nice? Well, it would be, if it weren’t for the fact that the “needy” in these food-drives are its own employees. “Let’s succeed by donating to associates in need,” says the sign in an Oklahoma Walmart.

 
Marc To Market's picture

Dollar Positive Investment Themes Set to Strengthen





Unvarnished analysis as if people were not stupid, easily manipulated, or subject to false consciousness.

 
Marc To Market's picture

Every One Wants Dollars (Again)





Contrary to the death of the dollar chatter, the US currency continues to appreciate.  Here's why there is still punch left in the bowl.  

 
Tyler Durden's picture

Petrodollar Panic? China Signs Currency Swap Deal With Qatar & Canada





The march of global de-dollarization continues. In the last few days, China has signed direct currency agreements with Canada becoming North America's first offshore RMB hub, which CBC reports analysts suggest "could double maybe even triple the level of Canadian trade between Canada and China," impacting the need for Dollars.But that is not the week's biggest Petrodollar precariousness news, as The Examiner reports, a new chink in the petrodollar system was forged as China signed an agreement with Qatar to begin direct currency swaps between the two nations using the Yuan, and establishing the foundation for new direct trade with the OPEC nation in the very heart of the petrodollar system. As Simon Black warns, "It’s happening... with increasing speed and frequency."

 
Marc To Market's picture

Dollar Fundamentals Supportive, but Technicals are Stretched





What if global capitalism is not about to collapse?  What if the sun rises next week, and the great apocolypse called for and predicted does not materialize yet, what then for the dollar?  

 
Marc To Market's picture

Dollar's Next Leg Up





A look at the currency market as if analysis mattered.  

 
Tyler Durden's picture

Frontrunning: October 29





  • Fed set to end one crisis chapter even as global risks rise (Reuters)... you mean, for the third time?
  • Insider-Trading Probe Focuses on Medicare Agency (WSJ)
  • He's sorry: Rajoy Apologizes as New Wave of Graft Allegations Hits Spain (BBG)
  • China could 'punish' Hong Kong over protests, says ex-HK central bank chief (Reuters)
  • Dubai Insists the Boom is Not a Bubble This Time Around (BBG)
  • Bank-Data Sharing Accord Expands Push to Find Tax Cheats (BBG)
  • Deutsche Bank Sinks to Third-Quarter Loss on Legal Costs (BBG)
  • Kim Jong Un Executes 10 Officials for Watching Soap Operas (BBG)
  • French drugmaker Sanofi sacks CEO Viehbacher (Reuters)
 
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