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The Canadian dollar continues to have a quiet week. In the Wednesday session, USD/CAD is trading at 1.3238, up 0.37% on the day. In economic news, there are no Canadian events. In the U.S, markets are expecting mixed construction numbers – Building Permits are expected to climb to 1.33 million, while Housing Starts are forecast to…
GBP slides as core inflation falls below BoE target Focus is back on the central banks on Wednesday as we await the second appearance this week of Federal Reserve Chair Jerome Powell and the Bank of England’s interest rate plans are questioned following some softer inflation numbers. The pound is tumbling again on Wednesday after…
The DAX index has posted considerable gains in the Wednesday session. Currently, the DAX is at 12,750 up 0.71% on the day. On the release front, there are no major German or eurozone events. A milestone was reached on Thursday, as Eurozone Final CPI reached the 2.0% threshold in the June release. On an annualized…
EUR/USD is lower in the Wednesday session, following the downward trend which was seen on Tuesday. Currently, the pair is trading at 1.1619, down 0.37% on the day. The pair is currently at its lowest level since July 2. On the release front, Eurozone Final CPI edged up to 2.0%, matching the estimate. Final Core…
Wednesday July 18: Five things the markets are talking about U.S assets get another leg up from rookie Fed Chair Jerome Powell who again expressed optimism over the U.S’s economic growth and stable inflation, telling Congress yesterday that domestic data should keep the central bank on track to raise “gradually” short-term interest rates. However, as…
The EUR/USD is trading on lower ground, with Powell’s power driving it down. The second day of Powell’s testimony is the main event of the day. The technical picture is turning darker, but the pair still has support. The EUR/USD is trading …
The EUR/USD is trading lower as the US Dollar sweeps the board. While it has some room to recover, the path of least resistance remains to the downside. The Technical Confluences Indicator shows that the most significant hurdle awaits at the 1.1685 reg…
Economy faces years of strong jobs growth in a low inflation environment The dollar continued to push higher in Asian trading, building on gains made in the previous session after Fed Chairman Powell’s described the US economy as in a good place during his semi-annual testimony before the Senate Banking Committee. He said he sees…
EUR/USD is under pressure, trading in the lower end of the range. What’s next? Here is their view, courtesy of eFXdata: TD Research discusses EUR/USD outlook and thinks that dips around current levels should provide good entry levels for establis…
Dollar/yen is trading around 113, the highest in 6 months. What’s next? The team at ING eyes new levels. Here is their view, courtesy of eFXdata: ING discusses USD/JPY technical outlook and maintains an ‘UP rating and recommends buying on d…
