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Agility Forex  Author: Agility Forex

Agility Forex is a Canadian cross-border payment specialist. They are Canadian owned, operated out of Vancouver and are registered with Fintrac, the Canadian government agency that oversees the money transfer industry. They specialize in all things Canadian Dollar and aim to provide the best service and best pricing on all Loonie cross rates. Visit Agility Forex.

You can get in touch with AgilityForex via email here or via the contact page.

Below are their latest articles:

The ( British) Lion Sleeps Tonight

Categories: CAD, EUR, GBP, Markets, News, USD
A weema-weh, a-weema-weh, a-weema-weh,  In the Jungle, the mighty jungle, the lion sleeps tonight.” Yes, you have to be  old or listening to an oldies station to know that tune, by Tokens from 1961. (for the record, I heard it on Sunday) The UK is closed for a Bank Holiday which put a serious damper on FX trading activity today Asia had a lot to deal with and chose not to deal with any of it.

Trump : We’ll probably end up terminating NAFTA

Categories: CAD, Markets, News, USD
The “mouth that roared” threatened NAFTA again, last night at a rally in Wyoming. President Trump said, “I personally don’t think you can make a deal without a termination.”  Is it a negotiating ploy, bluster, or deflection?  Probably all the above. When the UK voted for Brexit, GBPUSD tanked.  It is not too much of a stretch to see the Canadian dollar suffering the same fate if NAFTA is terminated.

Falling down the Jackson Hole

Categories: CAD, EUR, GBP, Markets, News, USD
Alice found herself in a bizarre place when she tumbled down the rabbit hole in Wonderland.  FX markets are in a similar place, except this hole is named Jackson and it’s in Wyoming. Traders are waiting for the Jackson Hole Symposium and speeches by Fed Chair Janet Yellen and ECB President Mario Draghi to provide some monetary policy clarity for the US and Eurozone.

Total Eclipse of FX Drama

Categories: AUD, CAD, CHF, EUR, Markets, News, USD
Asia opened with Friday’s news that Stephen Bannon, another top White House official, got canned/resigned.  They didn’t seem to care. Traders didn’t care about a report that a US Navy destroyer collided with an oil tanker in the Strait of Malacca.  And they didn’t care that about the start of South Korea/US war games, either.

Mild Risk Aversion in FX Markets

Categories: AUD, CAD, EUR, GBP, Markets, News, USD
The Barcelona terrorist attack cast a pall over FX markets already confused by the FOMC, ECB and the Trump Circus. The major Asia equity indices are in the red, led by the Nikkei which closed down 1.18% on the heels of the large drop in US indices and the rise in the yen.

Dollar Steadies After FOMC Minutes

Categories: CAD, Markets, News, USD
The release of the FOMC minutes, yesterday afternoon, knocked the US dollar for a loop.  The greenback dropped against the majors (compared to the opening level) except for the British pound. FX markets and the media made a big deal about the inflation discussion which seemed to show a divided Committee. 

EURUSD Boosted by GDP Data

Categories: AUD, CAD, CHF, EUR, GBP, Markets, News, USD
EURUSD traded sideways, but well-above yesterday’s in the 1.1735 area until the European session opened.  Seasonally-adjusted, Eurozone Q2 GDP posted a 2.2% gain, topping the 2.1% that was predicted.  Eurozone nations also recorded better than expected GDP data, suggesting that the recovery is improving and is broad based. EURUSD bounced between 1.1692 and 1.1757 on the news and is currently trading at 1.1708 in New York.

US Dollar Extends Gains

Categories: AUD, CAD, CHF, EUR, GBP, Markets, News, USD
The US dollar opened in New York on a firm footing.  The greenback scratched out added gains against the majors, except for the Swiss franc. Sterling was lively albeit in thin markets due to a series of Assumption Day holidays throughout the Eurozone. GBPUSD traded with a negative bias in Asia and bias proved fortuitous during the European session. 

Risk Aversion Recedes

Categories: AUD, CAD, EUR, GBP, Markets, News, USD
The US dollar opened with small gains across the board.  Tensions surrounding North Korea and the US have eased, somewhat, and risk aversion trades have been pared. Asia opened with news that Japan Q2 GDP data surpassed expectations, rising 1.0%, q/q vs. forecast for a 0.6% gain.  Donald Trump took a time out from chirping at North Korea.  

Dollar Firms and Risk Aversion Fades

Categories: AUD, CAD, CHF, EUR, GBP, Markets, News, USD
The US traded higher overnight and opened in New York with gains against all the majors except for the Japanese yen.  US Secretary of State Rex Tillerson managed to calm a hysterical anti-Trump media warning of nuclear war. The Reserve Bank of New Zealand (RBNZ) got things going at the Asia open. 

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