Targeting the Canadian Dollar Today

Waiting on the trade balance for Canada, eh? Well, at 8:30 EST we’ll get Canadian capacity utilization, import and export figures and the trade balance.

The consensus is expecting an improvement on all counts. And though imports and exports are expected to pretty much offset each other, the gains from the prior period are expected to favor exports.

Why will the euro eventually goes to par or beyond? Basic macroeconomics!

Remember, macroeconomics is like working with Playdough. When you push on one spot, there is a similar or equal reaction in another…

A surplus here, is a deficit there ... that type of thing. It explains why austerity for all the bad children in Europe won’t work.

European Mother Funders (EMF)

You probably read about it already; maybe you didn’t ...

Being proposed is a European Monetary Fund (EMF) -- similar to the International Monetary Fund -- that could step in and bail out Eurozone countries facing troubled fiscal situations.

Maybe the Buck Loses the Next Race to the Bottom

Now that global recovery is gaining momentum, according to the pundits, and risk appetite is back on the table, maybe the US dollar index is due for correction: