World Market Update » North America

Global Markets Trade with Mixed Results

2009-11-11T00:11:17Z

Ask the FXpert! Karl Schamotta, Market Analyst for the World Market Update, answers reader questions every Thursday. Ask Karl your questions about currency markets, foreign exchange, or related topics.. Questions not appearing in our newsletter will be responded to personally via e-mail. Market...

IMF and G20 Pave the Way for Further USD Weakness

2009-11-09T18:43:35Z

Market Highlights: G20 Gives Tacit Approval to Carry and USD Shorts IMF States that USD is Overvalued and has Further to Fall Today’s Price Action and Developments G20 Gives Tacit Approval to Carry and USD Shorts The weekend’s G20 Ministers meeting came and went without any significant...

US Unemployment Tops Ten Percent

2009-11-06T18:22:48Z

Market Highlights: Non Farm Payrolls Disappoint Silver Lining for Canada’s Unemployment ECB Hints at an End to Stimulus Non Farm Payrolls Disappoint US non-farm payrolls were released this morning, coming in with a worse-than-expected decrease of 190,000 jobs for the month of October. This...

Caution in the Wind

2009-11-05T18:17:18Z

Market Highlights: Caution in the Wind Carry Trade Carries On, But for How Long? Ask Karl: Aussie Rules Caution in the Wind U.S. stock indexes began by posting strong gains yesterday as the Federal Reserve reiterated a commitment to keeping interest rates “exceptionally low” for “an extended...

All Eyes on the Fed Today

2009-11-04T19:23:56Z

Market Highlights: Gold & Railways Give Markets a Leg Up Expectations for Today are Positive The Day in Data Gold & Railways Give Markets a Leg Up Unlike their European and Asian counterparts yesterday, securities traders were able to overcome the bad earnings figures released by UBS,...

Risk Has Left the Building

2009-11-03T19:06:34Z

Market Highlights: European Equities Fall on Increased Concerns EUR Drops Versus USD Gold Gets Lift on IMF Sale European Equities Fall on Increased Concerns Overnight markets throughout Asia and Europe registered heavy losses during their respective sessions, all but adding to the recent...

Market Lacks Direction

2009-11-02T17:49:28Z

Market Highlights: Traders are Flicking the On/Off Switch for Risk Appetite Market Reaction Central Banks Rule the Week Ahead Traders are Flicking the On/Off Switch for Risk Appetite The wind up of October’s month-end position squaring and corporate flows has left the market lacking direction to...

US Q3 GDP Surprises

2009-10-30T18:17:31Z

Market Highlights: Americans Exit Recession Canadian GDP Weak Americans Exit Recession The talk of the town yesterday was unequivocally the surprisingly good Q3 Advance GDP data out of the United States. After three days of weakness on pretty much every global equity market, investors were...

Risk Tide Goes Out, CAD Goes Under

2009-10-29T16:16:59Z

Market Highlights: Dropping Home Sales Derail Growth Optimism CAD Continues to Dance to Carney’s Tune Ask Karl: Of Bubbles and Baths Dropping Home Sales Derail Growth Optimism Shares fell around the world yesterday after U.S. new home sales dropped by 3.6% in September, according to the...

Risk is Out This Week

2009-10-28T19:46:39Z

Market Highlights: Petrol Giants Outweighed by Consumer Confidence Yesterday Markets Heard Carney the First (and the Second) Time Equities Lead Currencies into Risk Adverse Play this Morning Petrol Giants Outweighed by Consumer Confidence Yesterday The strength in petrol giants Exxon and Chevron...