EUR/USD: Dollar Extends Decline As Trump’s Criticism Of Fed Grows
The start of what could be the most meaningful week remaining of this year has been one favouring haven assets. Although they were off their intraday lows when this report, stocks initially fell sharply with all the major US indices...
EURUSD Remains Cautious
The major currency pair is rather unenthusiastic early in the week. The market managed to recover after the weak statistics published last week: investors’ interest in the USD as a “safe haven” asset went down, but they are still very...
Another Week in the Red for Canadian Dollar
USD/CAD is unchanged in the Monday session. Currently, USD/CAD is trading at 1.3384, down 0.01% on the day. On the release front, there are no major events on the schedule. Canadian Foreign Securities Purchases is expected to dip to C$6.20...
The Only Thing We Have To Fear… Is Fear Itself
Amidst the Great Depression in 1933, U.S. president Franklin Roosevelt’s inaugural address cited the now-famous phrase “the only thing we have to fear is fear itself” . Today’s financial markets and economic environment bear zero resemblance to that period, but...
Weekly Economic and Financial Commentary: A Holly Jolly Price Reprieve
U.S. Review A Holly Jolly Price Reprieve Falling gasoline prices kept consumer price inflation flat in November, supporting real income just in time for the holiday shopping season. Holiday sales got off to a solid start in November. Excluding sales...
The Weekly Bottom Line: Stretch That Loonie (You Have To)
U.S. Highlights After some optimism early in the week, financial market sentiment soured as focus shifted back to fears of an escalation in trade tensions, Brexit uncertainty, and a potential economic downturn in 2019. The U.S. consumer remained unbowed in...
Week ahead: Fed Rate Hike Looms But Long Pause Could Follow
We are arguably heading to one of the most important weeks in months for the dollar, certainly the most vital one before the year is out, as the Federal Reserve decides on interest rates. In addition to the Fed meeting,...
US Dollar Index Tags a Fresh 2018 High on Mixed Economic Data
Generally speaking, US traders have been focused on the other side of the Atlantic this week, with particular attention on the continued Brexit drama and the mostly as-expected ECB meeting. With those situations (at least temporarily) behind us, the market’s...
Dollar Higher Ahead of Crucial Fed Meeting
Safe-haven currencies soared on Friday as disappointing data from China and Europe heightened concerns over global growth. The greenback finished the week stronger against its major trading partners as investor eagerly await Wednesday’s FOMC interest rate decision and updated economic...
Aussie Tanks vs Greenback (AUD/USD) after China’s Horrendous Industrial and Retail Sales Data
Since the beginning of the year, the Australian dollar has dropped sharply against the greenback, predominantly on the stronger dollar move. The US currency was stronger earlier in the year on the expectations the US economy was strong, and the...
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