USD/CAD continues to drift this week. On Tuesday, the pair is trading quietly at 1.3615. On the fundamental front, US inflation improved in June and beat the forecasts. There are no Canadian releases on the schedule. On Wednesday, the Bank of Canada announces its rate decision. US consumer inflation jumps There was good news […]
Author: Kenny Fisher
All eyes will be on OPEC+ on Wednesday, as the oil producers are slated to make a decision on whether to extend the production cuts that are currently in place. OPEC+ (which is the OPEC members plus 10 other producers, the most important of which is Russia) implemented deep cuts in response to the global […]
The week has started with little fanfare. On the fundamental front, there are no Canadian events. In the US, the sole indicator is the Federal budget balance. On Tuesday, the US releases consumer inflation, the primary gauge of consumer inflation. Canada employment jumps, loonie shrugs The week ended with key employment numbers. The economy created […]
The Covid-19 pandemic has caused an economic meltdown across European economies, with the European Union forecasting a drop of 7.9% in GDP for the bloc. This has forced the European Commission (the executive branch of the EU) to take drastic action in order to deal with this unprecedented economic crisis. Back in May, the EU announced […]
EUR/USD continues to gain ground and has punched above the 1.13 mark. What is the forecast for the pair in the coming months? Here is their view, courtesy of eFXdata: Danske Research discusses its expectations for next week’s ECB July policy meet…
Central banks have played an important role in the attempt to stabilize financial markets in the wake of the Covid-19 pandemic. In the upcoming week, the ECB, Bank of Japan and Bank of Canada will make rate announcements. As well, GDP and inflation rep…
Dollar/yen continued to show limited movement last week. On the fundamental front, investors will be keeping a close eye on the Bank of Japan, which will make its rate announcement on Wednesday. . USD/JPY fundamental mover Japanese consumer data headed…
EUR/USD posted slight gains last week, as the pair ended the week just shy of the 1.13 mark. There are five events in the upcoming week, including eurozone and German inflation. Here is an outlook at the highlights and an updated technical analysis for…
GBP/USD gained 1.1% last week for a second successive week, as the pair closed the week above the 1.26 mark. The upcoming week has five events, including consumer inflation and employment data. Here is an outlook for the highlights and an updated techn…
It was a quiet week for USD/CAD, which showed small gains. There are four releases in the upcoming week, including the Bank of Canada rate decision. Here is an outlook at the highlights and an updated technical analysis for USD/CAD. In Canada, the BoC …