USD/CAD – Canadian Dollar Dips, US Consumer Confidence Next
The Canadian dollar has posted losses in the Friday session, erasing the gains from the Thursday session. Currently, USD/CAD is trading at 1.3197, up 0.31% on the day. There are no Canadian releases on the schedule. In the U.S, the...
DAX Steady As Investors Search For Cues
The DAX index is showing limited movement in the Friday session. Currently, the DAX is at 12,510, up 0.14% on the day. On the release front, there are no major German or eurozone events. The German Wholesale Price Index dipped...
Dollar Bulls Remain In Control Ahead Of Fed Chief’s Prepared Remarks
Here are the latest developments in global markets: FOREX: The US dollar index (+0.38%) continued its march higher during the European trading session on Friday, with little in the way of fresh news to guide price action. It is currently...
Stock Markets Recover, Pound Trumped While Gold Melts
Investors were placed on an emotional rollercoaster ride this week as trade tensions between the United States and China intensified. The Trump administration’s latest threats to impose tariffs on an additional $200 billion of Chinese goods initially dealt a blow...
The Long View: When Will Traders Jump Off the Bullish Dollar Trend?
Heading into this year, there was a convincing case for a dollar rally. After all, the world’s reserve currency had fallen sharply against most of its major rivals in 2017 as the luster of the pro-dollar “Trump Trade” wore off...
The Sky Hasn’t Fallen Just Yet
Trade War Escalates, but the sky hasn’t fallen just yet as optimism crept back into the market on reports of fresh bilateral trade negotiations between China and the US coupled with a slightly firmer RMB scrim. “Where there is a...
Dollar Shrugs off Soft CPI, Pushes Yen to 6-Month Low
The Japanese yen continues to post losses this week. In Thursday’s North American session, USD/JPY is trading at 112.50, up 0.44% on the day. On the release front, the focus is on inflation reports. CPI edged down to 0.1%, shy...
Aussie Eyes Raft of Chinese Data as Trade Tensions Lurk in the Background
China will release its monthly trade balance data during the Asian session Friday, which will be followed by the nation’s quarterly GDP figures for Q2 early on Monday, alongside fixed asset investment, industrial production, and retail sales prints. The aussie...
Bank of Canada Hikes Rates Despite Worries About Trade
The Bank of Canada (BoC) raised the overnight lending rate 25 bps to 1.50 percent, marking its fourth hike in the past 12 months. The pace of hikes is likely to slow ahead as trade risks loom.. Fourth Rate Hike...
A Tenuous And Unstable State Of Affairs
A tenuous and unstable state of affairs The prospects of another round of US tariffs directed at China have resurrected fears that the trade skirmish between Washington and Beijing could escalate with some investors now fearing a full-blown global trade...
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