by Mario Maselli I believe that we are entering into an important juncture in the stock market. When looking at the chart of the Dow Jones Industrial Average and S&P 500 since late August, you can see it’s been virtually straight up. I think the market should be in a trading range until the Federal [...]
Toronto-based Senior Market Strategist Aaron Fennell discusses the implications of the Federal Open Market Committee’s September 21 meeting statement, and what the prolonged low-interest rate environment means for the markets. He shares his outlook for the Canadian and U.S. dollar, commodities and the global financial markets in general. Watch a clip from BNN tv.
by Mario Maselli The Canadian dollar has seen a nice rally since about 2002, and hit parity with the U.S. dollar in April of this year. I’m a long-term bull on the Canadian dollar, but I believe that once the dust settles from the Bank of Canada’s decision to increase its key lending rate, the [...]
by Aaron Fennell The debt crisis in the Eurozone has spooked investors, creating downdrafts in many commodity markets, including lumber. Fears of a global double-dip recession are damaging the market, and CME lumber futures fell their trading price limit of $10 two days in a row, settling at $225 per thousand board feet on Wednesday, [...]
by Gord Weisemann Volatility and risk aversion are still the primary themes in the market. In many respects though, I don’t think the sell-offs we saw in the stock market and some commodities markets in early May is unwarranted or out of line with global fundamentals. Traders have been trampling over one another to get [...]
by Drew Shaw On February 18, the U.S. Federal Reserve announced it would increase the discount rate by 25 basis points, to 0.75 percent. That has left market participants wondering if a hike in the Federal Funds rate is coming next—and what the implications will be for the economy and the markets. To understand the [...]
by Aaron Fennell The disheartening events taking place in Greece over the past few weeks have been a setback to the global financial recovery. You might be surprised to learn that Greece’s debt-to-GDP ratio isn’t actually the highest in the Eurozone. It’s interesting to compare countries’ debt-to-GDP ratios, and see how dire the situation really [...]
by Aaron Fennell The stock market staged a strong recovery in 2009, and now there has been some debate going on about whether it’s still a good time to buy, or whether it’s time to sell, because the global economic outlook isn’t exactly sanguine yet. I think this type of debate could lead to bouts [...]
Heating Oil and Gasoline Seasonal Strategies by Andrew Vallance The energy market is an interesting one. It seems like a simple market to trade, but comes with a lot of volatility. When you trade crude oil, you have to be right about the price direction, as well as the timing. Trading products such as heating [...]
Has the Canadian Dollar Topped? by Andrew Vallance The Canadian dollar has been outperforming the U.S. dollar for a variety of reasons, and overall it’s hard not to be bullish the CAD. However, there are technical signs it hit a near-term top in mid-October that could hold for a while. This should offer shorter-term traders [...]
