The Bank of Japan boosted its plans to buy bonds in the 5-10 year tenor to 650B yen, up 550B. The 3-5 year tenor is up to 575B from 475B. The fixed-rate bids...
<ul><li>I don't think public finances suddenly turned for the worse to cause yen weakening</li><li>Monetary policy left up to BOJ</li><li>To strive to achieve primary budget balancing target</li></ul><p>We all knows this ends in tears, right?...
Credit Suisse maintains a bullish bias on USD/CAD targeting a move towards 1.41 by year-end."Front -end USDCAD risk reversal skews have eased over the past 2 weeks, following a period of considerable larger...
Prior was -2.447BImports 7.64B vs 7.93B priorExports 6.03B vs 5.48B priorThis is a nice turn after a long term record last month. The annual deficit (shown above) is enormous and that goes some...
<p>Closing changes on the day:</p><ul><li>S&P 500 down 29 points, or 0.8%, to 3665</li><li>Nasdaq Composite -0.6%</li><li>Russell 2000 -1.3%</li><li>DJIA -0.3%</li><li>Toronto TSX Comp -0.6%</li></ul><p>This is a poor look on the S&P 500 daily chart. It rose...
One of the great mysteries of the current world is how Japanese inflation remains so low. Commodity inflation has skyrocketed, the government continues to spend, rates are still zeroed out and the...
