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 moving average below 300K to 297K, after long weeks above this level. Continued claims stand at 2.416 million, similar to previous number. The USD is slightly stronger after the release, but nothing earth shattering. EUR/USD [&hellip

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 on the rise, reaching a high of 1.4988. Can it top 1.50? The United Kingdom was expected to report a rise of 0.4% in retail sales, following a disappointing drop of 0.3% in January. GBP/USD traded [&hellip

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 the Canadian dollar against the US dollar – the latter has been on the back foot in recent days. Yemen Saudi Arabia began bombing the Shiite rebels in Yemen. This came after the president was forced [&hellip

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 from being even. Credit Suisse analyzes the situation and explains what’s next for the greenback: Here is their view, courtesy of eFXnews: Last week’s FOMC meeting decision saw the “patience” language removed but at the [&hellip

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 SocGen says that there is more to come and demonstrates with a EUR/USD chart: Here is their view, courtesy of eFXnews: Given the dovish arsenal deployed by most G10 central banks, most of currency volatility originating [&hellip

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 inflation rises to 1.7%, not too far from the Fed’s 2% target. While the Fed monitors Core PCE rather than Core CPI, these upbeat numbers on all fronts provide reasons for the dollar to rise. [&hellip