British Pound Dips Despite Soft US Durables
The British pound has posted losses in the Thursday session, erasing the gains made on Wednesday. In the North American session, the pair is trading at 1.3149, down 0.31% on the day. On the release front, there are no British...
What Do Durable Goods Orders Say About GDP Tomorrow?
June durable goods orders increased just 1.0 percent, falling short of a consensus expectation of a 3.0 percent rise. But get under the hood of this report, and the engine of the factory sector is still running fine. Aside from...
The Key Event Later Today Will Be The ECB Meeting
Market movers today This morning, European markets are set to digest the result of the meeting between EU Commission President Jean-Claude Juncker and US President Donald Trump, see below. The key event later today will be the ECB meeting. We...
ECB Policy Decision, US Economic Data In The Spotlight Thursday
A combination of monetary policy and economic data will dominate the currency markets on Thursday as the European Central Bank gets set to deliver its latest interest rate verdict. In the United States, a high-profile gauge of factory output will...
Japanese Yen Edges Lower, Inflation Report Next
The Japanese yen has posted slight gains in the Wednesday session. In the North American session, USD/JPY is trading at 110.97, down 0.21% on the day. On the release front, U.S New Home Sales dropped sharply to 631 thousand, well...
Dollar Turns its Gaze to US Durable Goods and GDP Data
The latter part of this week promises to be exciting for the dollar, as US durable goods orders for June will hit the markets on Thursday, and the first look at GDP for Q2 is released on Friday, both at...
Aussie CPI Soft But Moving Into Target Range
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Currencies: Turmp-Juncker Meeting To Decide On Next EUR/USD Move
Rates: Core bond sell-off grinds to a halt The two-day core bond sell-off grinded to a halt yesterday with the Bund even recording small gains. Today’s eco calendar is thin with only German Ifo while the Juncker/Trump meeting is a...
Australian Inflation Data Next on the Docket for the Aussie
Australia’s quarterly inflation data for Q2 will be released on Wednesday, at 0130 GMT. Forecasts point to an overall lackluster report, expected to show an energy-driven pickup in the headline rate but an otherwise subdued picture for underlying inflation, which...
Canadian Dollar Listless in Light Fundamentals Session
The Canadian dollar has posted small gains in the Tuesday session. Currently, USD/CAD is trading at 1.3167, down 0.04% on the day. On the release front, there are no Canadian indicators on the schedule. The U.S will release services and...
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