Canadian Job Data Slips, NFP Jumps
The Canadian dollar is directionless on Monday, after ending the week on a high note. In the European session, USD/CAD is trading at 1.2079, down 0.03% on the day. Canada and the US both released key job numbers on Friday....
Higher interest rates would be good for the country, Treasury Secretary Yellen says
U.S. Treasury Secretary Janet Yellen speaks during a news conference, after attending the G7 finance ministers meeting, at Winfield House in London, Britain June 5, 2021. Justin Tallis | Rueters U.S. Treasury Secretary Janet Yellen said that President Joe Biden’s...
Yen Stronger With Aussie and Kiwi in Mixed Trading
The financial markets continue to be relatively mixed entering into US session. Aussie and Kiwi are currently the strongest one, together with Yen. On the other hand, Dollar and Euro are the weakest ones, together with Loonie. European indexes are...
BOC Preview – Policymakers to Keep Upbeat Tone Despite Softening Growth
We expect the BOC to maintain its relatively hawkish outlook at this week’s meeting. Although economic data released since April have softened slightly, strong oil prices and the positive vaccination progress should allow the members to stay optimistic about the...
GBP/USD Outlook: Cable Loses Traction As US Rate Talks / Rising Virus Cases Offset Positive Post-NFP Tone
Cable is standing at the back foot at the start of the week, following multiple failure to sustain break above 1.42 barrier and dollar regained traction on comments from Fed Treasury Secretary Yellen over the weekend, after it was deflated...
Stock futures are flat to kick off the week with the S&P 500 just inches from a record
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures are flat in early morning trade on Monday as the S&P 500 attempts to make a run at a record high this week amid optimism about...
Dollar Consolidating Losses, But No Momentum for Recovery
Markets are mixed in a quiet Asian session today, with little reaction to China’s trade data. Dollar is consolidating last week’s late lost but there is no apparent momentum for a rebound. On the other hand, Yen is mildly higher...
Aussie Rebounds from 7 Week Lows
The Aussie is net little changed over the week, but only after substantial volatility, including 7 week lows. Australia’s strong GDP report and changed RBA language had less impact than the US dollar’s gyrations. AUD/EUR may be the key cross...
EUR/USD Faces Uphill Task, Dollar Consolidates
Key Highlights EUR/USD failed to clear the 1.2250 resistance and corrected lower. It broke a major bullish trend line forming with support near 1.2175 on the 4-hours chart. GBP/USD is still holding gains above 1.4100. The US nonfarm payrolls increased...
El Salvador looks to become the world’s first country to adopt bitcoin as legal tender
Nayib Bukele, El Salvador’s president, delivers a speech to Congress at the Legislative Assembly building in San Salvador, El Salvador, on Tuesday, June 1, 2021. Photographer: Camilo Freedman/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images MIAMI — El...
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