GBP/USD has posted considerable losses in the Wednesday session. In North American trade, the pair is trading at 1.3200, down 0.50% on the day. On the fundamental front, British CPI edged up to 1.9%, compared to 1.8% a month earlier. In the U.S., the Federal Reserve will issue a rate statement at the conclusion of […]
Author: Kenny Fisher
It continues to be a quiet week for USD/JPY. In Wednesday’s North American session, the pair is trading at 111.41, down 0.02% on the day. Japanese banks are closed for a holiday. On Tuesday, the BoJ released the minutes of its January meeting. In the U.S., the Federal Reserve releases its monthly rate statement. The […]
The Canadian dollar is drifting in the Wednesday session. Currently, USD/CAD is trading at 1.3321, down 0.03% on the day. On the release front, there are no Canadian events. In the U.S., the Federal Reserve winds up a 2-day meeting and will release a rate statement. All eyes are will be on the Federal Reserve, […]
The DAX has posted sharp losses on Wednesday. Currently, the DAX is at 11,619, down 1.43% on the day. In economic news, German PPI declined by 0.1%, shy of the estimate of 0.2%. This marked the second decline in three months. All eyes are on the Federal Reserve, which will release its monthly rate statement. […]
It continues to be an uneventful week for EUR/USD. The pair is unchanged on Wednesday, trading at 1.1353, up 0.02% on the day. On the release front, German PPI declined by 0.1%, shy of the estimate of 0.2%. This marked the second decline in three months. The Federal Reserve releases its monthly rate statement. On […]
The Canadian dollar has posted slight gains in the Tuesday session. Currently, USD/CAD is trading at 1.3310, down 0.20% on the day. On the release front, Canada releases its annual budget, which should be treated as a market-mover. All eyes are will be on the Federal Reserve, which holds a policy meeting on Wednesday. The […]
The DAX has posted sharp gains in the Tuesday session. Currently, the DAX is at 11,759, up 0.88% on the day. The index is at its highest level since early October. Car maker shares are showing sharp gains, boosting the DAX on Tuesday. Daimler has soared 3.5%, while BMW and Volkswagen have both climbed 1.8%. […]
EUR/USD is steady in Tuesday trade. Currently, the pair is trading at 1.1356, up 0.15% on the day. On Monday, the pair climbed to a 2-week high, as the positive momentum continues. On the fundamental calendar, German ZEW Economic Sentiment remained in negative territory, but improved to -3.6 points. This easily beat the estimate of […]
Gold has posted small losses in Monday trading. In the North American session, the spot price for one ounce of gold is $1304.16, up 0.13% on the day. There are no major events on the calendar. In the U.S., consumer inflation remains soft, which means there is little pressure on policymakers to raise rates in […]
The Canadian dollar is almost unchanged in the Friday session, after slight losses on Thursday. Early in the North American trade, the pair is trading at 1.3343, up 0.06% on the day. Canadian manufacturing sales surprised with a sharp gain of 1.0%, well above the estimate of 0.4%. In the U.S., the State Manufacturing Index […]