US jobless claims fall to 282K – USD marginally stronger
A better than expected figure from the US: 282K jobless claims, lower than 291K predicted. This sends the 4 week…
UK retail sales + 0.7% – GBP/USD higher
Some good news from the UK: the volume of retail sales rose 0.7%, almost double the early expectations. GBP/USD is…
Canadian dollar higher on Yemen crisis
The conflict in Yemen has escalated and has reached center stage, pushing the prices of oil higher. This in turn has benefited…
An Uneven USD Pullback; What’s Next? – Credit Suisse
The US dollar is no longer sweeping the board, and actually losing out to some currencies. The changes are far…
EUR To Gain Further Vs USD, GBP; AUD/USD Holds 50d MA – BofA Merrill
EUR/USD has been flirting with 1.10 lately, but hasn’t really made a definitive decision on its next direction. The team…
US durable goods orders disappoint by falling 1.4% – USD weakens
US durable goods orders fall 1.4% in February, worse than expected. Core orders all fell, by 0.4%. Also the non…
Get Ready For More FX Volatility Ahead – SocGen
Foreign exchange volatility has risen of late and it doesn’t depend on the dollar necessarily going up. The team at…
US new home sales spectacularly beat with 539K – USD extends gains
New home sales in the US leap to 539K (annualized), far better than expected and even unbelievable. This is a…
US Core inflation rises to 1.7% y/y – USD stronger
All US inflation numbers beat: headline CPI rises 0.2% and core CPI rise 0.2%. Year over year, CPI is flat and core…
EUR/USD bounces on first test of 1.10 – market attention diverted
EUR/USD is trading at a narrow high range between the previous high of 1.0980 and 1.10. It did flirt with…