I was on the Business News Network yesterday morning talking about the outlook for the dollar and the currency market. Sorry it is delayed!

Posted in Bank of Canada 5 Comments »

We have a major technical break in CAD/JPY this morning. The currency pair has broken below trend line support, the 50-day SMA and the 23.6% Fibonacci retracement of the year to date rally. Next stop could be 81.50. Lower oil prices are playing a big role in the move. Read all about it [...]

Posted in 2009 canadian dollar, Bank of Canada, Forex Technicals, forex blog 1 Comment »

Here is an update on central bank rate cut expectations:
Eurozone - 25bp rate cut expected on Thursday
U.K. - No rate cuts for the rest of the year, but watch out for comments on Quantitative Easing
Australia - Rates left unchanged last night. 2.50% expected to be the floor

New Zealand - One more rate cut [...]

Posted in Bank of Canada, Bank of England, ECB, Fed Rate Cut Expectations, forex blog No Comments »

I was just on the Business News Network outlining the reasons why I believe the Canadian dollar is headed higher in the near term. To watch the video, click on the image:

Posted in 2009 canadian dollar, Bank of Canada, Canadian Dollar, Forex TV, forex blog No Comments »

After the Bank of Canada cut interest rates by 50bp this morning, my target of 0.8350 in AUD/CAD has been reached. Yesterday, when the currency pair was trading at 0.8122, I argued that the possibility of the Reserve Bank of Australia leaving rates unchanged and the possibility of the Bank of Canada being more dovish [...]

Posted in 2009 canadian dollar, Australian Dollar, Bank of Canada, Canadian Dollar, Forex Technicals, Reserve Bank of Australia, USD/CAD, australian dollar forecast, forex blog, forex signals, quantitative easing, zero interest rates 2 Comments »