US consumer prices drop for the first time in nine months
U.S. consumer prices fell for the first time in nine months in December amid a plunge in the cost of gasoline, but underlying inflation pressures remained firm as rental housing and healthcare costs rose steadily. The Labor Department said on...
Canadian Dollar Tests 1.32, US Consumer Inflation Next
It’s been an excellent week for the Canadian dollar, and the currency has posted slight gains on Friday. In the North American session, the pair is trading at 1.3215, down 0.16% on the day. On the release front, there are...
GBP/JPY Arrives at Critical Juncture as Brexit Vote Looms
Next week’s major market risk event is most likely to be the UK parliament’s so-called “meaningful vote” on the withdrawal agreement Prime Minister Theresa May negotiated with the European Union at the back end of last year. The deal covers...
Trump could take billions from disaster areas to fund border wall
President Donald Trump has been briefed on a plan that would use the Army Corps of Engineers and a portion of $13.9 billion of Army Corps funding to build 315 miles of barrier along the U.S.-Mexico border, according to three...
Corporates revisit options for reducing FX exposure
Hedging decisions usually boil down to a choice between options and forwards. In the past, many treasurers would have automatically opted for the latter, where cash flows were certain – or at least highly probable – but there are a...
California Gov. Gavin Newsom pledges unemployment benefits to furloughed federal workers
LOS ANGELES — Gov. Gavin Newsom has pledged that California will provide unemployment insurance benefits for furloughed workers impacted by the partial federal government shutdown. “Let the word go forth: We’ll cover you, we’ll have your back,” the Democrat said...
GBPCAD Struggles in Upward Sloping Channel in Medium Term
GBPCAD slipped below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the bounce off the five-month high of 1.7495 resistance level reached on 1.7495. The pair has been trading within an ascending sloping channel over the...
USDJPY Awaiting Key Inflation Data
The US dollar continues to probe the 108.40 level against the Japanese yen, with this key technical area so far proving to be formidable resistance for bulls. The USDJPY pair is currently trading with a slightly cautious tone, as traders...
GBPUSD Vulnerable To Intraday Losses
The British pound is starting to drift lower against the US dollar, following the release of mixed UK economic and negative sentiment towards sterling ahead of Tuesday’s crucial Brexit vote. A clear breach of the 1.2700 level exposes further downside...
Here’s how lost furloughed federal worker paychecks could weigh on the US economy
Federal workers furloughed by the ongoing partial government shutdown have been bearing the brunt of the political standoff between President Donald Trump and Congress over funding for a border wall. Those federal employees are feeling the squeeze on their wallets....
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