Canadian Dollar Higher as Risk Appetite Returns after US Election
The Canadian dollar has posted gains in the Wednesday session, USD/CAD is trading at 1.3080, down 0.33% on the day. On the release front, Canada releases Ivey PMI, which is expected to improve to 50.9 points. There are no major...
RBNZ Set to Keep Rates Unchanged But Could it Trim Rate Cut Bets?
Following the RBA, the Reserve Bank of New Zealand (RBNZ) will be next to decide on monetary policy this week. As their Australian counterparts, RBNZ policymakers are widely expected to leave interest rates unchanged on Wednesday at 1900 GMT under...
Gold Under Pressure as All Eyes on US Voters
Gold has posted slight losses in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1227.67, down 0.34% on the day. On the release front, JOLTS Jobs Openings slipped to 7.01 million, well...
Pound Intends to Rise
On Tuesday, November 6th, the British Pound remains strong against the USD. The key driver for the British currency is still the same as before – the Brexit negotiations. Nevertheless, the statistics matter as well, that’s why any progress in...
Canadian Dollar Subdued ahead of US Congressional Elections
The Canadian dollar remains close to the 1.31 level. In the Tuesday session, USD/CAD is trading at 1.3121, down 0.08% on the day. On the release front, Canadian Building Permits is expected to tick lower to 0.3%. In the U.S,...
U.S. Non-Manufacturing Activity Pulls Back from Record High in October
After rising to an all-time high in September, the Institute for Supply Management’s (ISM) non-manufacturing index backed off in October to 60.3. Though lower, the headline print still surpassed consensus forecast for a larger pullback to 59.1. The details of...
Surging Pound Shrugs Off Soft Services PMI
GBP/USD has started the week with solid gains. In Monday’s North American session, the pair is trading at 1.3022, up 0.40% on the day. On the release front, Services PMI dipped to 52.2, shy of the estimate of 53.4 points....
EUR/USD Retreats on ECB, Italy and Soft Data ahead of US Mid-term Elections
The EUR/USD’s sharp rebound from long-term support at 1.13 came to an abrupt halt on Friday and the weakness has persisted at the start of this week, although so far, we haven’t seen any significant follow-through. The single currency came...
Canadian Dollar Trading Sideways, US Services Report Next
The Canadian dollar has edged lower in the Monday session. Currently, USD/CAD is trading at 1.3098, down 0.08% on the day. On the release front, there are no Canadian indicators. In the U.S, ISM Non-Manufacturing PMI is expected to drop...
Weekly Economic and Financial Commentary: Volatile Financial Markets, but Solid Economic Data
U.S. Review Volatile Financial Markets, but Solid Economic Data This week saw plenty of U.S. economic data released, and most of it painted a positive picture of the current state of the U.S. economy. The Fed’s preferred measure of inflation...
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