Canadian Dollar Edges Higher as US Inflation Weakens
The Canadian dollar is showing little change in the Wednesday session. Currently, USD/CAD is trading at 1.3355, down 0.27% on the day. On the release front, Canadian Utilization Capacity Rate dropped for a second straight month, coming in at 82.6...
EUR/USD – Euro Ticks Higher, U.S Consumer Inflation Reports Next
EUR/USD has recorded slight gains in the Tuesday session. Currently, the pair is trading at 1.1330, up 0.10% on the day. On the release front, Eurozone industrial production rebounded in October with a gain of 0.2%, after a decline of...
SNB Meeting: No Hawkish Bits Yet
The Swiss National Bank (SNB) is widely expected to keep its policy rates unchanged at record lows on Thursday, at 0830 GMT. Markets will look for signals on whether a rate increase in 2019 is on the cards, though considering...
ECB to End QE But Support Still Needed
The European Central Bank will hold its last policy meeting for the year on Thursday at 1245 GMT and consensus is for policymakers to keep interest rates steady and terminate the quantitative easing program as promised. The Bank will also...
Japanese Yen Shrugs off Soft Manufacturing Data
The Japanese yen is almost unchanged in the Tuesday session, after posting considerable gains on Wednesday. In North American trade, USD/JPY is trading at 113.26, down 0.02% on the day. On the release front, Japanese manufacturing data disappointed. In the...
DAX Surges on Renewed Optimism over U.S-China Talks
The DAX index has recorded sharp gains in the Tuesday session. Currently, the index is at 10,834, up 1.02% on the day. In economic news, both German and Eurozone ZEW Economic Sentiment both improved in December, but still posted sharp...
EUR/USD – Euro Gains Ground Despite Weak German Confidence Report
EUR/USD is slightly higher in the Tuesday session, erasing the losses seen on Monday. Currently, the pair is trading at 1.1396, up 0.36% on the day. On the release front, both German and Eurozone ZEW Economic Sentiment both improved in...
Japanese Yen Dips on as GDP Shrinks
The Japanese yen is down slightly in the Monday session. In North American trade, USD/JPY is trading at 113.00, up 0.26% on the day. On the release front, Japan’s current account surplus dropped sharply to JPY 1.21 trillion, down from...
Canadian Housing Starts Rose to 216k in November
Highlights: Year-over-year Housing starts rose to 216k in November. The 6-month trend rate inched up to 210k — the first increase in five months. In separately-released data, new building permit issuance increased to 240k. That is well above the recent...
EUR/USD – Euro Gains Ground As German Trade Surplus Beats Estimate
EUR/USD has started the week with gains. In the Monday session, the pair is trading at 1.1418, up 0.34% on the day. There are no major releases out of the eurozone or the United States. Germany’s trade surplus fell to...
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