The Daily – December 19th, 2014

December 19th Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in Canada was reportedly down 0.4% and up 2% in month-over-month and year-over-year terms, respectively. Both figures were below estimates. Retail Sales in Canada were reportedly flat in month-over-month terms. Excluding Autos, they…

The Daily – December 18th, 2014

December 18th Daily Market Commentary   ECONOMIC NEWS Initial Jobless Claims in the U.S. were reported at 289K, below estimates of 295K. The Markit Services PMI was reported at 53.6, slightly below estimates of 56.9. The Philadelphia Fed Manufacturing Survey was below estimates, coming in…

The Daily – December 17th, 2014

December 17th Daily Market Commentary   ECONOMIC NEWS Wholesale sales in Canada were reportedly up 0.1%, which was in line with estimates. The Consumer Price Index in the U.S. was reportedly down 0.3% and up 1.3% in month-over-month and year-over-year terms, respectively. Both figures were…

The Daily – December 16th, 2014

December 16th Daily Market Commentary   ECONOMIC NEWS Canadian portfolio investment in foreign securities was reported at $0.29B, while foreign portfolio investment in Canadian securities was reported at $9.53B. Manufacturing shipments in Canada were reportedly down 0.6% in month-over-month terms in October, below estimates of…

The Daily – December 15th, 2014

December 125th Daily Market Commentary   ECONOMIC NEWS The NY Empire State Manufacturing Index was reported at -3.58, below estimates of 12. Industrial Production in the U.S. was reportedly up 1.3% in month-over-month terms, above estimates of 0.6%. Capacity Utilization in the U.S. was reported…

What Drives Exchange Rates?

  Along with plunging oil prices, volatility within the foreign exchange markets has far-and-away been one of the most paramount headlines of the waning months of 2014; however, despite the visibility and relevance of the issue, many individuals remain uninformed as to what exactly drives…

The Daily – December 12th, 2014

December 12th Daily Market Commentary   ECONOMIC NEWS The Producer Price Index in the U.S. was reportedly down 0.2% and up 1.4% in month-over-month and year-over-year terms, respectively. Employment change in the Eurozone was reportedly up 0.2% and 0.6% in quarter-over-quarter and year-over-year terms, respectively….

The Daily – December 11th, 2014

December 11th Daily Market Commentary   ECONOMIC NEWS Capacity Utilization in Canada was reported at 83.4% in the third quarter, above estimates of 83.1%. The New Housing Price Index in Canada was reportedly up 0.1% and 1.6% in month-over-month and year-over-year terms, respectively. Imports in…

The Daily – December 10th, 2014

December 9th Daily Market Commentary   ECONOMIC NEWS MBA Mortgage Applications in the U.S. were reportedly up 7.3%. The total trade balance for Great Britain was reported at -2.024B pounds. Consumer Confidence in Japan was reported at 37.7. Commodities: OPEC cut the forecast for how…

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