Ed Moya - Senior Market Analysts at OANDA – Tue 22 Oct, 2019

Recapping the Canadian Election Results and The Continued Shift Towards Risk On

Ed Moya kicks off today by sharing his thoughts on the Canadian election results and what that means for the Canadian economy and monetary policy in Canada. We also comment on the US markets and general shift we have seen toward more risk on assets.

Click here to visit the OANDA website and follow along with what Ed is writing.


Comments:
  1. On October 22, 2019 at 9:54 am,
    markedtofuture says:

    Part 4: Alleged Sexual Misconduct by CNN Exec and Possible Cover-Up by Senior Management #MeTooCNN

    Rick Saleeby, Senior Producer of The Lead with Jake Tapper, States Steve Brusk, CNN Politics Supervising Producer, Made ‘Advances’ on Female Employees Duri…

    https://www.youtube.com/watch?v=fAa6hrQ0Ra4

  2. On October 22, 2019 at 10:27 am,
    Excelsior says:

    BC Business Leaders, Others Write In Support Of Ending Net Pen Salmon Farms

    By Undercurrent News Oct. 21, 2019

    https://www.undercurrentnews.com/2019/10/21/bc-business-leaders-others-write-in-support-of-ending-net-pen-salmon-farms/

  3. On October 22, 2019 at 10:32 am,
    Excelsior says:

    Trump blasts Pelosi for ‘taking too long’ on Mexico, Canada trade pact

    Reuters – October 22, 2019

    “The Republican president and his administration have been pressing for ratification since the three countries inked the deal to replace the North American Free Trade Agreement (NAFTA) in November 2018.”

    “The new pact, the United States, Mexico, Canada Agreement (USMCA), must win approval in a divided Congress where Pelosi’s fellow Democrats control the House and have said they have concerns over the agreement, including its labor and enforcement provisions.”

    https://business.financialpost.com/pmn/business-pmn/trump-blasts-pelosi-for-taking-too-long-on-mexico-canada-trade-pact

    • On October 22, 2019 at 1:13 pm,
      OOTB Jerry says:

      Pelosi is a drug lord………..

      • On October 23, 2019 at 2:12 am,
        Excelsior says:

        Pelosi is also a Pineapple & Tuna lord….

        Well, Lookie Here… Paul Pelosi Is “Primary” Del Monte Investor!
        Jim Hoft by January 13, 2007

        “Speaker Pelosi is exempting hometown companies from minimum wage increasing by passing legislation excludes American Samoa. Del Monte Foods based in San Francisco has tuna plants in American Samoa:”

        “I am shocked,” said Rep. Eric Cantor, Virginia Republican and his party’s chief deputy whip, noting that Mrs. Pelosi campaigned heavily on promises of honest government. “Now we find out that she is exempting hometown companies from minimum wage. This is exactly the hypocrisy and double talk that we have come to expect from the Democrats.”

        “So for the House, led by Nancy Pelosi, to exempt anyone from the minimum wage hike is not only philosophically disingenuous but, most importantly, an affront to small business owners everywhere who bear the brunt of this increase.”

        https://www.thegatewaypundit.com/2007/01/well-lookie-here-paul-pelosi-is-primary-del-monte-investor/

  4. On October 22, 2019 at 10:42 am,
    Excelsior says:

    Fed Adds Temporary And Permanent Liquidity To Financial System Tuesday – Conducts $64.90 billion in overnight repurchase agreements, $35 billion repo operation

    By Michael S. Derby – Oct. 22, 2019

    “The Federal Reserve Bank of New York injected $99.9 billion in temporary liquidity and $7.5 billion in permanent reserves into financial markets Tuesday.”

    “The short-term intervention came via $64.90 billion in overnight repurchase agreements with eligible banks, and with a $35 billion repo operation that will run through Nov. 5.”

    https://www.wsj.com/articles/fed-injects-99-9-billion-into-markets-tuesday-11571751192

    • On October 22, 2019 at 8:01 pm,
      Dick Tracy says:

      Ex, I believe The Federal Reserve is using the overnight liquidity to allow banks to buy securities to keep the stock market elevated. DT

      • On October 23, 2019 at 2:07 am,
        Excelsior says:

        DT – That is entirely possible, but it is more likely that there is some sickness under the surface in the banking sector for the FED to have to keep offering liquidity to banks in the overnight repo markets. Normally banks do that kind of thing with other banks, until those banks don’t have the funds to do it and then they turn to the Fed as a bank of last resort. We’ve had 2 months of nightly repos creeping higher and higher, and it has essentially turned into a new form of QE (even though they’ve gone out of their way to announce it isn’t).

        Bottom line: If the overall banking system, or the assets that they hold, were really doing well, then these banks wouldn’t even need the repo markets. The reality that the banks can’t work it out amongst each other shows how weak they are all.

        The next recession was already forecasted by multiple Heisenberg signals in breadth and new lows outpacing new highs in the general markets, and the markets are now a decade in to one of the largest stock market rallies to new highs. Just like the articles at the top of this page, there are some dead fish stinking up the water under the surface, and we see the fat and gristle wash up on shore like this repo market action, then it’s just a matter of time before the other shoe drops.

  5. On October 22, 2019 at 12:13 pm,
    CFS says:

    The anonymous Liar writes a book:

    https://www.amazon.com/gp/product/1538718464/

  6. On October 22, 2019 at 12:18 pm,
    CFS says:

    Sadly it looks like the UK will be locked into the EU with a new treaty, under which it will still be subject to EU Laws, Rules and Regulations. BoJo’s new deal is called Brexit, but it is no such thing…….still subject to minor changes and loss of Scotland from the United Kingdom, and no one knows the final disposition of N. Ireland.

    • On October 22, 2019 at 1:17 pm,
      OOTB Jerry says:

      The entire situation is a BIG JOKE………

  7. On October 22, 2019 at 6:59 pm,
    markedtofuture says:

    Trump Administration Popped 2017 Bitcoin Bubble, Ex-CFTC Chair Says

    https://www.coindesk.com/trump-administration-popped-2017-bitcoin-bubble-ex-cftc-chair-says