Forex Market Commentary
Bank of Canada Raises Interest Rate
By FXCompass — Tuesday, 01 June 2010
The Bank of Canada raised its overnight rate by 25bps to 0.50% on Tuesday to become the first G7 country to hike interest rates since the start of the recession.
Forex Market Outlook — April 26-30
By FXCompass — Monday, 26 April 2010
The Greece government officially asked for aid last Friday in order to help pay €8.5 billion in maturing bonds due before May 19. Despite some opposition from Germany, it seems like EU leaders are unlikely to let Greece default on its debt payments. An official announcement of lending terms is likely to give a push to the euro in the short term.
USD/CAD Retracts on Disappointing Data
By FXCompass — Friday, 23 April 2010
The Canadian dollar dropped on Friday after the release of disappointing CPI and Retails Sales data for the month of March.
Canadian Dollar Surges on BOC Statement
By FXCompass — Tuesday, 20 April 2010
The Canadian dollar rallied on Tuesday after the Bank of Canada signalled its intention to start withdrawing economical stimulus in the second quarter.
Forex Market Outlook — April 18-23
By FXCompass — Sunday, 18 April 2010
Goldman Sachs’s fraud charge casts a new wave of risk-aversion trading in the forex market. The positive effect of the Greek bailout package faded away rapidly. Traders did not hesitate to sell the euro as soon as it became very likely that the Greek government will be forced to rely on the €45 billion EU/IMF loan instead of bond auctions to pay off its debt.
Forex Market Outlook — April 12-16
By FXCompass — Monday, 12 April 2010
Risk sentiment has switched to the upside in the forex market now that a €45 billion EU/IMF aid plan to Greece is on the table.
Canada Posts Disappointing Jobs Numbers
By FXCompass — Friday, 09 April 2010
The Canadian dollar stepped away from parity once again after Friday's jobs report disappointed investors.
Forex Market Summary — April 05 – April 09
By FXCompass — Tuesday, 06 April 2010
Germany and France came to an agreement about the Greek debt financing during last week’s EU Summit in Brussels. After weeks of speculation and debate, both countries have finally agreed to back up a potential EU/IMF bailout plan.
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Poll
Interest Rates
 |
US | 0.25% |  |
UK | 0.50% |
 |
EURO | 1.00% |  |
JP | 0.10% |
 |
AUD | 4.25% |  |
CAN | 0.50% |
 |
CH | 0.25% |  |
NZ | 2.50% |