Canadian Dollar Improves to 2-Week High as Fed Preaches Patience
The Canadian dollar continues to improve this week. Currently, the pair is trading at 1.3169, down 0.06% on the day. Canada will release ADP nonfarm payrolls and wholesale sales. In the U.S., the markets are expecting positive news. Durable goods...
Canadian Retail Sales Expected To Further Dent BoC Rate Hike Odds
December retail sales will be watched out of Canada on Friday at 13:30 GMT for clues on the prospect of rate increases by the Bank of Canada in 2019. As the Canadian economy loses some steam, the BoC has been...
Aussie Dollar Drops On Coal Ban
Thursday February 21: Five things the markets are talking about Euro equities are struggling for direction, unlike most of its Asian counterparts in the overnight session. The ‘big’ dollar has edged a tad higher after Wednesday’s FOMC minutes, while the...
Pound Rally Takes Pause, Markets Await FOMC Minutes
GBP/USD is unchanged in the Wednesday session, after posting sharp gains on Tuesday. In North American trade, the pair is trading at 1.3064, up 0.01% on the day. It’s a quiet day on the release front. The sole U.K. indicator,...
Gold Rips Higher Amid a Quiet Flight to Safety
Bullion prices continue to surge, ascending to fresh 10-month highs this week. Since the correlation between gold and the US dollar has diminished lately, it seems a flight to safety is quietly going on, amid global growth and recession concerns....
The Outlook for the Fed’s Balance Sheet: An Update
Executive Summary In a two-part report we wrote last summer, we analyzed the assets and liabilities of the Fed’s balance sheet to determine at what point it might stop reducing the size of its balance sheet.1 Our analysis found that...
US Durable Goods and Manufacturing Gauges Unlikely to Faze Dollar
Thursday will be a busy day for US data with a slew of releases on the agenda. The delayed durable goods orders report for December, due at 13:30 GMT, could be overlooked in favour of the more up-to-date manufacturing activity...
A Golden Day For Sterling
A golden day for sterling Given that Tuesday was a supposedly news and data light post-US holiday trading day, quite a lot happened overnight. The action going on in currency and commodities markets contrasted a quiet equities session on Wall...
AUD/USD Bulls Could Target 2019 High At 0.7300 On Positive US-China Trade Headlines
US and Chinese trade negotiators kicked off another round of talks today after President Trump labeled last week’s discussions in Beijing “very productive.” Today and tomorrow feature lower-level officials to the table, with higher-level policymakers including US Trade Representative Lighthizer,...
Japanese Yen Unchanged as Investors Search for Cues
USD/JPY continues to show little movement this week. In Tuesday’s North American session, the pair is trading at 110.63, up 0.03% on the day. On the release front, there are no major events out of the United States. Japan is...
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