Eurozone Q1 GDP Revised Higher In Final Reading
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward. Contact...
Strong Australian Data Sends Aussie Higher
The Australian dollar is in positive territory in the Monday session. In the North American session, AUD/USD is trading at 0.7760, up 0.27% on the day. It has been a roller-coaster ride for the Australian dollar, which showed sharp volatility...
Canadian Job Data Slips, NFP Jumps
The Canadian dollar is directionless on Monday, after ending the week on a high note. In the European session, USD/CAD is trading at 1.2079, down 0.03% on the day. Canada and the US both released key job numbers on Friday....
Aussie Rebounds from 7 Week Lows
The Aussie is net little changed over the week, but only after substantial volatility, including 7 week lows. Australia’s strong GDP report and changed RBA language had less impact than the US dollar’s gyrations. AUD/EUR may be the key cross...
Weekly Economic & Financial Commentary: Will the ECB Start to Taper?
Summary United States: Supplies Attack Napoleon famously observed that an army marches on its stomach; in a similar vein, an economy can grow only as fast as its supply chains. Material shortages were evident in the ISM reports, and the...
Forward Guidance: Bank of Canada to Look Through Transitory Ups (in Inflation) and Downs (in GDP)
No meaningful change to monetary policy guidance is expected at next week’s Bank of Canada meeting. Recent economic data has come in somewhat softer than the bank had projected in the April Monetary Policy Report, but not significantly enough to...
The Weekly Bottom Line: Music to American’s Ears
U.S. Highlights Job growth picked up in May, with the economy adding 559k jobs and the unemployment rate falling to 5.8%. ISM indexes pointed to strong growth in manufacturing and services sectors in May, though supply constraints linger. Canadian Highlights...
Week Ahead: Central Banks and Inflation Take Center Stage
Last week, US Non-Farm Payroll data was weaker than expected at +559,000 vs an expectation of +650,000. Those looking for help in determining the US Fed’s next move were probably disappointed. Canada also released payroll data. Economists were forecasting -20,000...
NFP Headline Print Won’t Help Fed’s Taper Decision
For those looking to Non-Farm Payrolls for direction as to what the Fed may do at their June 16th meeting, today’s print of +559,000 may have disappointed. Expectations were for +650,000, so it’s a weaker print. The revision to April’s...
US: Hiring Perks Up in May
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward. Contact...