Tag: Currency

EUR/USD – Lack of eurozone data leaves euro yawning

EUR/USD is steady in the Thursday session, after recording considerable losses on Wednesday. Currently, the pair is trading at 1.1523, up 0.20% on the day. On the release front, there are no major eurozone indicators. German WPI gained 0.4%, matching the estimate. This was the strongest gain in three months. In Brussels, EU leaders are meeting […]

Aussie gains as unemployment hits 6-1/2 year low

  Unemployment lowest since 2012 While the headline number of jobs Australia added in September was a disappointment, it was the details and the accompanying unemployment data that stirred Aussie bulls. Australia added a mere 5,600 jobs last month, the least in two months, but the breakdown showed that 20,300 full-time jobs were added versus […]

Gold steady ahead of Fed minutes, Treasury currency report

Gold has posted slight gains in the Wednesday session. In North American trade, the spot price for one ounce of gold is $1227.24, up 0.19% on the day. On the release front, construction indicators missed the forecasts. Building Permits ticked up to 1.24 million, shy of the estimate of 1.27 million. Housing Starts slipped to […]

GBP/USD – British pound dips on soft CPI

GBP/USD has lost ground in the Wednesday session, erasing the gains seen on Tuesday. In North American trade, the pair is trading at 1.3132, down 0.39% on the day. On the release front, British CPI dropped to 2.4%, shy of the estimate of 2.6%. In the U.S, construction indicators missed the forecasts. Building Permits ticked up […]

Crude Oil Drops after Surprise US Weekly Buildup

Oil prices fell on Wednesday after the release of the US weekly crude inventories. The report by the Energy Information Administration (EIA) showed a larger than expected buildup of 6.5 million barrels, when the forecast called for a small drawdown of 1.5 million barrels. Yesterday the API oil inventory report came in with a -2.1 […]

DAX under pressure as automaker shares slip

The DAX index has posted considerable losses in the Wednesday session. Currently, the index is at 11,713, down 0.54% on the day. In economic news, Eurozone Final CPI edged up to 2.1%, matching the forecast. Eurozone Final Core CPI edged lower to 0.9%, also matching the estimate. As well, EU leaders will hold a 2-day […]

USD/CAD – Canadian dollar lower, manufacturing sales next

The Canadian dollar has edged lower in the Wednesday session. Currently, USD/CAD is trading at 1.2974, up 0.31% on the day. On the release front, there are key indicators on both sides of the border. Canada releases Manufacturing Sales is expected to decline by 0.6%. In the U.S,  the focus is on construction data. Building […]

EUR/USD is

EUR/USD is steady in the Wednesday session, after posting slight gains to start the week. Currently, the pair is trading at 1.1579, unchanged on the day. On the release front, German ZEW Economic Sentiment plunged to a level of -24.7, well below the estimate of -12.3 points. Eurozone ZEW Economic Sentiment followed a similar trend, falling […]

Dollar in holding pattern; Asian equities follow Wall Street

A public holiday in Hong Kong ensured that today’s Asia session was a slow and steady one. Equity markets mostly took their cues from the strong Wall Street close, while the US dollar held near two-week lows, though it looks set for its second weekly decline in a row. In the G-10 space, the kiwi […]

You just know that something good is going to happen

Cloudbusting: you  just know that something good is going to happen   US markets In the span of a mere 24 hours two of my most pressing question may have been answered, correctly, can the anomalously robust US equity market hang on in the face of mounting global risks? And are we entering a period […]