Gold Jumps as US Dollar Shows Broad Losses
Gold has posted sharp gains in the Thursday session, after sustaining strong losses this week. In the North American trade, the spot price for one ounce of gold is $1232.51, up 1.47% on the day. On the release front, unemployment...
British Pound Climbs as Brexit Talks Show Progress
GBP/USD has surged in the Thursday session. In the North American session, the pair is trading at 1.2959, up 1.52% on the day. On the release front, the Bank of England held steady and kept the benchmark rate pegged at...
Canadian Dollar Moves Higher as Investor Confidence Improves
The Canadian dollar has gained ground in the Thursday session. Currently, USD/CAD is trading at 1.3092, down 0.49% on the day. On the release front, U.S, unemployment claims are expected to edge lower to 213 thousand. The ISM Manufacturing PMI...
DAX Surges As Airline And Bank Stocks Jump
The DAX index has climbed sharply in the Thursday session, after posting small gains on Wednesday. Currently, the DAX is trading at 11,519, up 0.88% on the day. There are no German or eurozone events on the schedule. On Friday,...
Yen Edges Higher, BoJ Holds Course
The Japanese yen has posted slight gains in the Wednesday session, after recording losses in the past two sessions. In North American trade, USD/JPY is trading at 113.15, up 0.06% on the day. On the release front, the Bank of...
The Natural Unemployment Rate and Fed Policy
We estimate that the actual unemployment rate is still within our estimated range of the natural unemployment rate. The Fed will probably continue to tighten, although it can do so at a gradual pace. The Natural Unemployment Rate Continues to...
Canadian Dollar Ticks Lower ahead of GDP
The Canadian dollar has posted small losses in the Wednesday session. Currently, USD/CAD is trading at 1.3126, up 0.12% on the day. On the release front, Canada’s GDP is expected to slip to a flat 0.0% and Bank of Canada...
Euro Slips To 2 ½-Month Lows Despite Encouraging Inflation Signs, Stocks Bounce Higher
Here are the latest developments in global markets: FOREX: Euro/dollar printed a 2 ½-month low at 1.1330 on Wednesday despite eurozone’s flash core inflation inching up to 1.3% y/y in October from 1.2% expected and 1.1% seen in September. The...
Japanese Yen Drops to 1-Week Low, BoJ Rate Statement Looms
The Japanese yen has posted considerable losses in the Monday session, erasing Friday’s gains. In North American trade, USD/JPY is trading at 112.80, up 0.38% on the day. On the release front, the BoJ winds up its policy meeting and...
Eurozone Inflation to Inch Higher in October but Doubts Persist about Outlook
Hot on the heels of the preliminary GDP readings, Eurostat will publish the flash estimates of Eurozone inflation for October on Wednesday at 10:00 GMT. With growth in the euro area unexpectedly slowing in the third quarter, the inflation numbers...
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