Week ahead: NFP in Focus as Q4 Kicks Off
A rather volatile week is drawing to a close and it has been a very interesting one indeed. The dollar started the week on the back foot and it fell initially in the immediate aftermath of the Fed’s rate hike...
Loonie Lifted by OPEC, Decent GDP Data
With FX traders once again focused on US political developments (to say nothing of the kickoff of the biennial Ryder Cup), the loonie has quietly snuck to the top of the major currency pack today. Canada’s currency found some support...
Strong Dollar Awaits Jobs Report to Validate Further Fed Hikes
The US dollar is mixed against major pairs on Friday. The dollar gained against the JPY, EUR, GBP and CHF but depreciated against the commodity pairs (CAD, AUD and NZD). Fundamental data in the US supported the dollar: the Fed...
An Incredible End to Q3 Could be an Even Bumpier Ride in Q4
Well, that was an astonishing end to Q3 as we herald in what is certainly shaping up to be a bumpy ride in the markets for Q4. While the eerily familiar themes will continue to dominate, US-China trade, NAFTA, Brexit...
U.S.-China Trade Tensions Now A Key Risk To Growth
Timing is everything U.S. tariffs have been an ongoing theme since the March announcement on steel and aluminum, but the scale and risks associated with recent action can no longer be minimized within the economic outlook for 2019. Initial tariffs...
Is the Dollar Rally on its Last Legs?
After touching its highest levels in 2018, the US dollar lost some of its shine in recent weeks, leading one to question whether this is simply a correction in a broader uptrend, or the early days of sustained weakness for...
RBA to Stand Pat with Bank’s Communication to Drive the Aussie; Trade Remarks Eyed
The Reserve Bank of Australia will be deciding on rates next week, with a policy decision scheduled to be made public on Tuesday at 0430 GMT. No change in rates is anticipated, with the focus falling on the Bank’s level...
Week Ahead – After Fed, US Jobs Report to Take Centre Stage; RBA Next to Set Rates
Markets will be looking to the September US jobs report for direction after a mostly unchanged dot plot chart by the FOMC this week failed to clear the fog for the 2019 rate outlook. Apart from the nonfarm payrolls report,...
Gold Price Drops Sharply Due To A Strong Dollar
Gold price dropped to a four-week low of $1180. This happened as the US dollar strengthened following the Fed’s monetary policy statement on Wednesday. In the statement, the committee said that a strong US economy continued to support further rate...
Euro-Zone’s Economic Sentiment Index Dropped To A 15-Month Low Level In September
For the 24 hours to 23:00 GMT, the EUR declined 0.98% against the USD and closed at 1.1635, amid renewed worries surrounding Italy’s budget proposal, following reports of delayed Italian budget meet. Data revealed that the Euro-zone’s final consumer confidence...
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