Canadian Dollar Drifting, US Consumer Confidence Next
The Canadian dollar is almost unchanged in the Tuesday session. Currently, USD/CAD is trading at 1.3244, down 0.06% on the day. In economic news, there are no Canadian events. The U.S. releases CB Consumer Confidence, which is forecast to dip...
Dollar Turns Its Sights To Fed Speakers, Pound Tumbles
Euro unable to sustain Italy-related gains, as ECB President Draghi struck a more cautious tone amid weakening data Dollar exploits euro’s softness, advancing nearly across the board; today all eyes will turn to a speech by Fed Vice Chair Clarida...
Currencies: Euro Fails To Maintain Gains Despite Risk-On. Focus Turns To The Fed
Rates: Will improvement in risk sentiment last?Bouncing oil prices, narrowing peripheral spreads and rallying stock markets weighed on core bonds yesterday. Improved risk environment hit a snag overnight as US President Trump upped the ante ahead of his meeting with...
British pound steady as EU approves Brexit deal
GBP/USD has posted slight gains in the Monday session. In North American trade, the pair is trading at 1.2829, up 0.10% on the day. It’s a quiet start to the week, with no major releases. On Tuesday, the U.K. releases...
FOMC Minutes, US Data, and Speeches by Fed Officials to Drive Dollar
This week promises to be an entertaining one for the dollar, as the minutes from the latest Fed gathering, several speeches by influential FOMC members, and a raft of key US economic data will probably keep traders on the edge...
USD Remains In Safe Haven Mode
The USD strengthened against a number of its peers on Friday as worries about a possible global growth slowdown grew. The safe haven qualities of the greenback provided it with some support even against a number of other safe haven...
Sterling Unimpressed By EU Leaders Approving Brexit Deal
Pound unimpressed by EU leaders approving Brexit deal, as UK Parliamentary endorsement still looks highly unlikely. Euro drifts lower after soft PMIs heighten speculation for a cautious ECB. President Draghi’s remarks today will be watched closely. Loonie unable to rally...
The Weekly Bottom Line: Oil Continues its Slump
U.S. Highlights Equity market volatility persisted this week as the main indexes were dragged down by tech and energy stocks. The latter resumed their slide as oil prices fell to their lowest levels in more than a year. Housing data...
Dollar Higher as Trade War Concerns Fuel Risk Aversion
The dollar is higher on Friday against most major pairs. The greenback gained the most against the EUR as disappointing PMI surveys and the uncertain future of the Brexit deal ahead of the weekend took its toll on the single...
Black Friday Sale for Crude ahead of Busy Next Week
This holiday shortened trading week did not put off speculators from being heavily engaged in the markets, as volatility remained elevated. It was literally a “Black Friday sale” for crude oil, which fell more than 6% at one stage with...