The DAX has rebounded on Friday, after posting sharp losses on Thursday. Currently, the index is at 12,053, up 0.85% on the day. On the release front, it’s quiet end to the week, with no German or eurozone events. It is Day 2 of the European election, with results to be published on Sunday night, […]
Author: Kenny Fisher
EUR/USD has paused on Friday, after gaining ground on Thursday. Currently, the pair is trading at 1.1193, up 0.10% on the day. There are no German or eurozone events on the schedule. Today’s highlight is U.S. durable goods orders, with the markets braced for soft numbers. Durable goods orders is expected to decline 2.0% in […]
USD/JPY has posted slight losses on Wednesday. In the North American session, the pair is trading at 110.29, down 0.18% on the day. In economic news, Japan released strong numbers. Core Machinery Orders climbed 3.8%, crushing the estimate of o.0%. This marked a 5-month high. Japan’s trade deficit declined by JPY 11.0 trillion, beating the […]
AUD/USD has posted small losses on Wednesday. Currently, the pair is trading at 0.6875, down 0.12% on the day. On the release front, Australian indicators pointed lower. The MI Leading Index dropped 0.1%, while the Construction Index declined 1.9%, much weaker than the estimate of a 0.1% gain. This was a third straight decline, indicative […]
The FTSE index has steadied on Wednesday, after posting strong gains on Tuesday. In the North American session, the pair is at 7,349, down 0.16% on the day. On the release front, British CPI jumped to 2.1% in April, up from 1.9% in March. Still, this missed the estimate of 2.2%. The U.K. deficit jumped to […]
GBP/USD continues to lose ground this week. Currently, the pair is trading at 1.2647, down 0.45% on the day. The pound touched a low of 1.2641 earlier on Wednesday, its lowest level since early January. On the release front, British CPI jumped to 2.1% in April, up from 1.9% in March. Still, this missed the […]
AUD/USD continues to lose ground this week. Currently, the pair is trading at 0.6878, down 0.21% on the day. On the release front, it’s a light day. There are no Australian releases and only one major event in the U.S. The UoM Consumer Sentiment is expected to rise to 97.8. It’s been a rough week for […]
The volatility continues in the equity markets, and the blue-chip DAX has not been immune from sharp swings this week. Currently, the DAX is at 12,208, down 0.83%. In economic news, Final CPI climbed 1.7%, matching the forecast. This was up sharply from 0.8% in March. Final Core CPI rose 1.3%, edging above the estimate […]
Barring a strong turnaround, the EUR/USD is headed for a losing week. The pair has ticked lower on Friday, continuing the downward trend. Currently, the pair is trading at 1.1159, down 0.13% on the day. On the release front, Eurozone consumer spending indicators impressed, with sharp gains in April. Final CPI climbed 1.7%, matching the […]
The New Zealand dollar has posted losses in the Thursday session. In North American trade, NZD/USD is trading at 0.6545, down 0.30% on the day. On the release front, New Zealand will release the Business NZ Manufacturing Index, as well as PPI Output and PPI Input. The U.S. posted strong data, led by unemployment claims, […]