Canada, Mexico and Japan want to revive the Trans-Pacific Partnership free trade deal

President Trump left a mammoth Pacific free trade deal in ruins. Now, the other countries involved want to rebuild it. Ministers from 11 nations — including Australia, Canada, Mexico and Japan — agreed over the weekend to try to revive the Trans-Pacific Partnership, which was designed to reshape trade across the Pacific Rim. But economists caution that whatever emerges from the process will be a shadow of the deal Trump killed…

Forex Weekly Outlook May 22 ~ 26, 2017

We’ve got just 3 tradable releases scheduled this week, but these 3 releases have the potential of changing the entire market landscape, so my recommendation is to schedule your tradings around it, or at least be aware of them and either move with the trend or stay out of the way! May 24, 2017 10:00am […]

CA Core Retail Sales | May 19, 2017 | News Trading Strategy

CA Core Retail Sales is going to provide market volatility for the CAD as Retail sales and CPI are both scheduled to be released at the same time.  With both high impact indicators providing glimpse into one of the most important areas in Canadian economy, any strong surprise today will probably end up driving the […]

G7 finance chiefs pressed U.S. not to break global consensus in trade, financial regulations

Finance chiefs from some of the world’s richest nations began a two-day meeting in Italy on Friday, with Europe, Japan and Canada hoping to come away with a clearer picture of U.S. President Donald Trump’s plans on important policies. Inequality, international tax rules, cyber security and blocking the funding of terrorism are the focus of the official agenda for Group of Seven finance ministers and central bankers who are meeting in the Adriatic port city…

Trump playing risky game with two of U.S. biggest trade partners, worth $1.2 trillion: NAFTA

President Trump is playing a risky game with two of America’s biggest trade relationships — worth a total of $1.2 trillion. The White House said late Wednesday that Trump has decided not to kill NAFTA, the free trade deal with Mexico and Canada, for the time being. Instead he’s going to try to renegotiate it. Trump has repeatedly cast doubt over the deal’s future, calling it the worst in history. “It’s been very, very bad for our companies and for our workers,” he said last week…

CA Core Retail Sales | April 26, 2017 | Currency Trading

CA Core Retail Sales is going to provide the market with some direction on the CAD.  With crude prices continuing under pressure due to supply cuts, any strong reading today could be short-lived, thus my recommendation is to get in and out if our deviation is hit. 8:30am CA Core Retail Sales Forecast -0.3% Previous […]

IMF issues warning to political leaders: Don’t raise trade barriers

The International Monetary Fund has issued a warning to political leaders: Don’t raise trade barriers. The IMF upgraded its forecast for the global economic growth by 0.1 percentage points on Tuesday to 3.5%. But it said that “inward-looking policies” could derail economic improvements. “Avoiding the damage from potential protectionist measures will require a renewed multilateral commitment to support trade,” said IMF head of research Maurice Obstfeld…

CA Core Retail Sales | March 21, 2017 | Currency Trading

CA Core Retail Sales is going to provide some much needed volatility for the CAD and if we get a stronger release we should see plenty of market reaction.  Obviously, only trade if we get our tradable deviation. 8:30am CA Core Retail Sales Forecast 1.3% Previous -0.3% DEVIATION: 0.5% (BUY CAD 1.8% / SELL CAD […]

CA Core Retail Sales | February 22, 2017 | Currency Trading

CA Core Retail Sales is likely to drive the CAD for short-term on a sharp surprise as traders will surely trade in the direction of the release if we get at least a 0.5% of surprise today. 8:30am CA Core Retail Sales Forecast 0.8% Previous 0.1% DEVIATION: 0.5% (BUY CAD 1.3% / SELL CAD 0.3%) […]

Oil refiners, producers cheer news that Trump revived the Keystone pipeline project

Some oil refineries that had pinned their hopes on the Keystone XL pipeline for crude barrels have moved on. But energy firms still cheered news on Tuesday that President Donald Trump took actions to revive two stalled pipeline projects. They said Keystone, which was rejected under former President Barack Obama, still made economic sense and would provide the U.S. with more reliable supplies from Canada…

Japanese firms believe neither Trump nor Abe want to see yen weaken significantly

Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll showed, a development they worry could spark an unwelcome political backlash. The Reuters Corporate Survey, conducted Jan. 4-17, also found that Japanese firms want Abe to push Trump hard on trade issues, while nearly a third cited national security concerns as the most pressing issue Abe should bring up with the new president…

CA Core Retail Sales | January 20, 2017 | Currency Trading

CA Core Retail Sales is scheduled along with the CPI release, therefore I’d stay out of the market until both releases have been released and wait for initial confusion to be over then take a trade.  Of course, this is based on one of the releases hitting our deviation and the fact that there is […]

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