USD Steadies On US-Sino Worries
The USD remained rather steady against a number of its counterparts, as worries for the US-Sino trade talks grew. According to media, US trade representative Robert Lighthizer stated in a congressional hearing that it was too early to predict an...
British Pound Climbs as Parliament Eyes No-Deal Vote
GBP/USD continues to rally this week. In Wednesday’s North American session, the pair is trading at 1.3308, up 0.42% on the day. The streaking pound touched a high of 1.3350 earlier on Wednesday, its highest level since July. In economic...
Dollar Eyes Delayed US GDP and Inflation Data, ISM PMI
The first estimate of US GDP for Q4 will hit the markets on Thursday, ahead of core PCE inflation figures and the latest ISM manufacturing index on Friday. Markets could focus mainly on the ISM survey, as the GDP and...
Canadian Dollar Slightly Lower ahead of CPI
The Canadian dollar has posted slight gains in the Wednesday session. Currently, the pair is trading at 1.3145, down 0.19% on the day. On the release front, Canada releases a host of inflation indicators, led by CPI. The key inflation...
DAX Dips, German CPI Ahead
The DAX has dropped considerably in the Wednesday session. Currently, the DAX is at 11,511 down 0.56% on the day. In economic news, there are no major German or eurozone events. On Thursday, Germany releases Preliminary CPI. Risk appetite remains...
New Zealand: Trade Deficit Larger than Expected in January
The trade deficit was larger than expected in January, with exports slowing while imports held up. NZ merchandise trade, January 2019 Balance: -$914m (Westpac f/c: -$500m, Market: -$300m) Exports: $4,403m (Westpac: $4,600m, Market: $4,800m) Imports: $5,317m (Westpac: $5,100m, Market: $5,000m)...
Australia: Construction Work Fell Sharply in Q4, Down by 3.1%.
Construction work in Q4 was much weaker than anticipated, declining by 3.1%. Detail Construction activity surprised to the downside for a second consecutive quarter. – advertisement –
Q4 was a -3.1% vs an expected +0.5% market and +0.4% Westpac....
Canadian Inflation and GDP Data Eyed as BoC Rate Hikes Disappear Over the Horizon
Canada will publish January inflation and Q4 GDP numbers this week, which should provide investors some clues as to the possibility of a near-term rate hike by the Bank of Canada amid a slowing economy. The CPI figures are due...
British Pound Jumps as Parliament to Vote (Again) on Brexit
GBP/USD has posted considerable gains on Tuesday. In North American trade, the pair is trading at 1.3263, up 1.27% on the day. In economic news, BoE Governor Mark Carney testified at the quarterly inflation report hearings. In the U.S., construction...
S&P 500 Probing 4-Month High Above 2800 On US-China Trade Optimism
After two weeks of constructive trade talks on both sides of the Pacific, we suggested that traders were “expecting the increase in tariffs will be delayed…with some sort of agreement following in either late March or early April.” On Sunday...
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