Brexit Bad News for U.S. Market? The Brexit will affect markets everywhere. The bookies in London got it wrong and the markets got it wrong. The Brexit will impact the U.S. market; make no mistake about that. Analysts and investors had optimistic expectations until the very last minute.…
Is the Euro to Dollar Exchange Rate Doomed? The EUR to USD exchange rate is in a correction. Over the past few days, the euro to dollar exchange rate has shifted in value, ranging between $1.1275 and $1.1270. The dollar has come under pressure and any effort to…
The euro to dollar exchange rate seems to be making a strong comeback. Since the beginning of this year, the euro to U.S. dollar exchange rate has surged more than five percent. That’s an impressive move considering the EUR to USD is the most traded currency pair in…
The GBP/USD has dropped below $1.41 after bearish data about the U.K. trade deficit. The GBP/USD, or the “cable” as currency enthusiasts call it, was going for a rally on Thursday. Still, the trend promptly reversed and given the prevailing market sentiment, it remains negative. The British pound…
Major Downside for the Euro to Dollar Exchange Rate The euro could drop against the dollar, as the European Central Bank (ECB) will put on the brakes again. The EUR/USD had moved in favor of the euro recently, rising to new heights over the past five months. The…
Are We on the Verge of a Chinese Economic Collapse? As many of you know, I'm a longtime believer in China's growth thesis, but I also feel the road over the next few years will be marked by potholes. In the best case scenario, we can avoid a…
Should Canadians Bail Out Bombardier, Inc.? Shareholders have lost 95% of their money in Bombardier, Inc. (TSX:BBD.B). Now taxpayers could be next. According to The Canadian Press, the federal government spent almost CDN$500,000 for a financial assessment of the Montreal-based company. Officials won’t reveal why the report was…
The end of the ever-mounting real estate markets in Toronto and Vancouver will be “bad,” a BMO economist said of Canada’s current housing bubble. “Odds are that if this kind of price growth (especially Vancouver) continues, it will end badly,” Robert Kavcic, a senior economist at BMO, said…
Is There Any Hope for the Canadian Dollar? I remember when the Canadian dollar was at parity with the U.S. dollar. It was, after all, only a few years ago that the CAD to USD exchange rate was sitting at an even $1.00, so what exactly happened in…
Downside for the British Pound The GBP to USD exchange rate has bounced back, bolstering the dollar in back-and-forth volatility reminiscent of a tennis match. After building strength last week, the British pound has started to reflect the Bank of England’s zero rate. In a report published yesterday,…
Forecasting the Euro to Dollar For the last few months, I’ve predicted that the EUR to USD exchange rate would hit parity by 2017. However, things have gotten worse in Europe and I’m starting to think we may see even wider-than-expected losses in the euro to dollar. Although…
Poor Outlook for Toronto Real Estate Market The overpriced Toronto real estate market could join the Vancouver real estate market in an upcoming correction that could occur very soon as the oil rout continues to weigh on many aspects of the Canadian economy, according to Capital Economics. “Housing…
The Japanese yen may have fallen from grace as the Bank of Japan went ultra-easy with its monetary policy. But things started to change as the USD/JPY pair started to move downward, showing the yen’s strength against the U.S. dollar. The U.S. Federal Reserve’s dovish tone recently added…
Dire Warning for the British Pound The GBP to USD exchange rate (often called the cable) has returned in favor of the pound. After the British pound was about to drop below the 1.40 mark, it went as high as 1.44. It is difficult to be a currency…
Canada, the world’s 11th-largest economy, will see a debt crisis and ensuing recession within one to three years, says a leading economist. This will likely impact the Canadian dollar. Steve Keen, a professor of economics who writes for Forbes, pointed to Canada as one of seven countries in…
Jim Rogers, the veteran American investor who is based in Singapore, is reportedly pouring funds into Russian ruble-denominated sovereign bonds and is mulling over investing in Kazakhstan, Iran, and China at a time when U.S. stock indexes are near their all-time highs. Jim Rogers told a group of…
Bail on the Euro to Dollar Exchange Rate Whereas the European Central Bank’s (ECB) continued monetary easing was not enough to make a major dent in the EUR/USD exchange rate, Tuesday’s bombings in Brussels might. The euro to dollar exchange rate is now US$1.12, edging ever closer to…
Awkward Moment for Bombardier, Inc. Bombardier, Inc. (TSE:BBD.B) is seeking to outsource hundreds of Canadian jobs, even as the struggling aerospace manufacturer seeks a billion-dollar bailout from Canada’s federal government. According to The Globe and Mail, the transport giant wants to shift component assembly for its Ontario-built “Q400”…
Government Aid Is Bullish for Bombardier Stock Bombardier, Inc. (TSE:BBD.B) has found some financial uplift. Since Air Canada placed a firm order for at least 45 “C Series” airliners, with an option for 30 more, Bombardier stock has traded in a band between CA$1.05 and CA$1.30. Shares have…
Bad News for Euro to U.S. Dollar Exchange Rate After Mario Draghi, president of the European Central Bank (ECB), ruled out further increases in interest rates, the EUR/USD pair lost some of the ground it gained last Friday. The euro to U.S. dollar exchange rate has now settled…
