usd

Growing concern about the impact of trade tensions on the economic outlook, another spike in Italian borrowing costs, fraught Brexit talks and volatility in world markets make for a colorful backdrop to Thursday’s European Central Bank meeting. The ECB is expected to repeat that its 2.6 trillion euro ($3.0 trillion)…

Read More

Wholesale sales edged down 0.1% to $63.6 billion in August. Sales were down in four of seven subsectors, representing 65% of total wholesale sales. The building material and supplies and the motor vehicle and parts subsectors led the declines in August, while the machinery, equipment and supplies subsector posted the…

Read More

EUR/USD has steadied on Monday, after posting considerable gains in the Friday session. Currently, the pair is trading at 1.1499, down 0.13% on the day. The sole event is the German Bundesbank monthly report. On Tuesday, Germany releases PPI and eurozone consumer confidence. The euro ended the week with considerable…

Read More

Monday October 22: Five things the markets are talking about Global equities remain better supported this Monday morning after Chinese stocks surged overnight on senior officials verbal intervention. The ‘mighty’ U.S dollar has eased a tad along with treasuries, while Italian bonds have rallied. The EUR had found some early…

Read More

The US dollar is mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and Brexit news saw the NZD, EUR, GBP and AUD advance against the USD. The Canadian dollar was dragged down in the last trading day of the…

Read More

Canadian inflation slowed significantly last month as temporary factors that lifted the cost of gas and air travel dissipated. Canada’s CPI climbed +2.2% y/y, following a +2.8% increase in August and a +3% climb in July. The market was looking for a solid +2.7% gain in September. On a month-over-month…

Read More

The Canadian dollar has posted gains in the Friday session, erasing most of the losses sustained on Thursday. Currently, USD/CAD is trading at 1.3030, down 0.42% on the day. On the release front, Canadian consumer indicators are in the spotlight and traders should be prepared for volatility from the Canadian…

Read More

EUR/USD has steadied on Friday, after posting considerable losses in two straight sessions. Currently, the pair is trading at 1.1447, down 0.04% on the day. It’s a quiet end to the week, with no key releases on the schedule. The eurozone current account surplus widened from EUR 21.3 billion to…

Read More

  China to the rescue Asian equity markets fared much better than their US counterparts did yesterday, mostly helped by comments out of China. Before the markets opened, we heard coordinated voices from the heads of China’s securities regulator (CSRC), the banking and insurance regulator and the central bank. The…

Read More