ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In a blunt and direct discussion, Bank of Canada (BoC) Governor Tiff Macklem made a compelling case for fighting inflation by declaring that “the economy has entered this period of excess demand with considerable momentum and high inflation, and we are committed to getting inflation back to target.” To do so, the BoC hiked its … Read more
The Bank of Canada (BoC) not only ended its quantitative easing (QE) program, but also the Bank refreshingly acknowledged the inflation issue in Canada. In his opening statement, Governor Tiff Macklem pointed out that higher energy prices and supply chain constraints are worse than previously assumed and are driving hotter inflation levels. Canadian inflation will … Read more
North American: The United States “What we’re seeing now is an economy that seems to be at an inflection point….we feel like we are at a point where the economy is about to start growing much more quickly, and job creation coming in much more quickly…we see strong growth and strong job creation starting right … Read more
Currency markets were excited for less than an hour over the latest Monetary Policy Report (MPR) from the Bank of Canada. Before the dust settled, USD/CAD, the Canadian dollar versus the U.S. dollar, reached a near 3-year low. Economic optimism from Canada’s central bank gave the Canadian dollar a fresh boost. Bank of Canada Governor … Read more
The Bank of Canada (BoC) released its latest Monetary Policy Report on July 15, 2020. Neither the report nor the press conference contained any surprises. The BoC did not change interest rates, kept the crank turning on its Quantitative Easing (QE) program, and promised to “hold the policy interest rate at the effective lower bound … Read more