Canada Starts 2019 with a Bang
The first month of 2019 saw 66.8k Canadian jobs created, on net. The unemployment rate rose to 5.8% as more Canadians were looking for work, sending the labour force participation rate 0.2 p.p. higher, to 65.6%. The composition of the...
Dollar In Demand For Now, But….
Friday February 8: Five things the markets are talking about Investor worries over economic growth and trade disputes have pushed global equities towards their first weekly loss in nearly two-months. Oil and metals are under pressure, while yen and sovereign...
EUR/USD – Euro Pauses For Breath After Dismal Week
EUR/USD is unchanged in the Friday session. Currently, the pair is trading at 1.1341, up 0.02% on the day. On the release front, Germany’s trade surplus widened to EUR 19.4 billion, above the estimate of EUR 18.3 billion. With no...
Japanese Yen Slightly Lower, Investors Await Japanese Consumer Releases
USD/JPY has edged lower in the Thursday session. In North American trade, the pair is trading at 109.77, down 0.19% on the day. On the release front, unemployment claims dropped to 234 thousand, but this was above the estimate of...
Euro Recovery Turns Sour Again as Recession Risks Grow; Will ECB Come to Rescue?
The euro’s slow recovery against the US dollar from November’s 16½-month low appears to have stalled as the outlook for the Eurozone economy grows grimmer by the day with no sign yet that a turnaround is around the corner. Expectations...
MARKET WRAP: European Stocks Dropped, Sterling Jumped & Euro Dropped
Sterling went on a roller-coaster ride today as Bank of England delivered its statement. Equity investors are on the edge due to the threat of another U.S. government shutdown Stocks The S&P 500 is building on its losses on top...
Sterling Recovers Early Losses on Carney Optimism
Mark Carney and his colleagues, like the pound, came through the Bank of England meeting relatively unscathed it seems, although when it comes to the latter, there were some hairy moments. The event got off to quite a shaky start...
Antipodes Action Overnight, Don’t Dream It’s Over?
Another central banker has ‘blinked’ with the RBA Governor Lowe shifting to a neutral stance joining the Federal Reserve and ECB. We can expect more of the same from the Bank of England (BOE) this evening. Governor Carney has been...
AUD/NZD Slides on Dovish RBA ahead of NZ Employment Data
Tonight, the AUD/NZD will remain in focus because we will have key jobs data from New Zealand which could move the kiwi sharply, after the Reserve Bank of Australia Governor dropped the bomb on the Aussie in a surprisingly dovish...
Bottom Drops Out of AUD/USD as RBA Lowe Shifts to Neutral
Mirroring last week’s shift at the Federal Reserve, the RBA has now shifted its future interest rate expectations into neutral. Governor Lowe has long maintained that the next change to interest rates would be an increase, but he changed his...
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