Canadian Dollar Trading Sideways, Poloz Testimony Next
The Canadian dollar is trading sideways in the Tuesday session. Currently, USD/CAD is trading at 1.3141, up 0.05% on the day. On the release front, there are no Canadian data indicators for a second straight day. Bank of Canada Governor...
EUR/USD Nears 1.13 Again on Dollar Strength, Deteriorating Eurozone Economy
The established trends in FX market continued this morning. The pound’s relentless selling gathered pace with the GBP/USD falling to its lowest level since August, while the EUR/GBP rallied above the 0.89 handle for the first time since early October....
The Real China Question
When the chips are down, threaten China and hope for the best next week. Is that what’s left for Trump’s mid-term election strategy? The wild ride in markets continues as the focus increasingly turns away from the economy and towards...
Gold Slips as U.S. Inflation, Personal Spending Reports Beat Forecasts
Gold prices have started the week with losses. In Monday’s North American trade, the spot price for one ounce of gold is $1230.07, down 0.34% on the day. In the U.S, there are no major releases, but the focus was...
Euro Sleepy at Start of Week
EUR/USD has posted slight losses in the Monday session. Currently, the pair is auto trading at 1.1387, down 0.15% on the day. On the release front, there are no eurozone indicators. In the U.S, there are no key events. On...
Euro Weighed by German Politics; Dollar Green VersusYen ahead of Core PCE Inflation
Here are the latest developments in global markets: FOREX: Dollar/yen was standing at 112.13 (+0.23%), slowly recouping losses recorded on Friday, while the dollar index was moving sideways around 96.41 ahead of the US core PCE inflation index due later today....
Weekly Economic and Financial Commentary: GDP Growth Remains Solid in Q3
U.S. Review GDP Growth Remains Solid in Q3 Real GDP topped expectations and grew 3.5% in Q3. Consumer and government spending remained strong, and inventories also provided a substantial boost. Fixed investment and net exports were a drag. The weakness...
The Weekly Bottom Line: Economy is Hot, but Markets Worried About the Future
U.S. Highlights It was a sea of red in equity markets this week as risk off sentiment set in. As it stands, downturn in October has erased all the stock market gains from the start of the year. International developments...
FTSE: Can Next Week Match this Week’s Volatility?
What a month it has been for volatility so far! We have seen a vicious correction in the stock markets, big drops for the euro and the pound, while in commodities, crude oil has been on a slippery slope and...
Dollar Pays Heavy Price for Equity Sell Off
The US dollar was lower against most major pairs on Friday. The greenback dropped as investors flocked to safe havens away from the US currency. Trade war concerns and its impact on US companies have triggered a massive sell off...
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