Tag: Forex News

Canadian Trade Problems Don’t Stop with NAFTA

Trade challenges from U.S. firms will continue to cause turbulence for Canada even if talks to modernize NAFTA are successful, a senior Canadian government official said on Tuesday. Canada sends 75 percent of its goods exports to the United States and is vulnerable to what Ottawa complains is increasing U.S. protectionism since President Donald Trump […]

Russian Gold Production Hits 306.9 Tonnes in 2017

Russia produced 306.9 tonnes of gold in 2017, up from 288.5 tonnes in 2016, the finance ministry said on Tuesday. Production for the period included 253.9 tonnes of mined gold compared with 237.8 tonnes in 2016, the ministry said in a report. Silver production totalled 1,044.3 tonnes in the January to December period, down from […]

Nikkei Ends Lower After Rise of JPY

The Nikkei stock index ended at a four-month low Tuesday, quickly giving up earlier gains as the yen’s advance against the U.S. dollar hurt export-related issues. The 225-issue Nikkei Stock Average ended down 137.94 points, or 0.65 percent, from Friday at 21,244.68, its lowest close since Oct. 13. Japanese financial markets were closed Monday for […]

US Inflation Report Front and Center After Market Plunge

Wednesday’s report on the U.S. consumer price index will be the most closely watched in recent memory, with investors seeking to understand the recent plunge in the stock and bond markets. They’ll probably need to look beyond the main numbers for the full story. The core CPI, which excludes food and energy, rose 1.7 percent in […]

Fed’s Mester Says Stock Market Volatility Not Damaging for Economic Strength

The recent stock market sell-off and jump in volatility will not damage the economy’s overall strong prospects, Cleveland Federal Reserve president Loretta Mester said on Tuesday in warning against any overreaction to the turbulence in financial markets. “While a deeper and more persistent drop in equity markets could dash confidence and lead to a pullback […]

UK Inflation Remained at 3% in January

UK inflation stuck at its highest level for almost six years last month, continuing the squeeze on household budgets. The consumer prices index (CPI) held steady at 3% in January for the second month running, according to the Office for National Statistics, confounding economists’ expectations that the rate would fall to 2.9% as the effects […]

CAC Steady After US Markets Recover

The CAC index is showing limited movement in the Tuesday session, after posting small gains on Monday. Currently, the index is at 5,135.50, down 0.09% on the day. On the release front, French French Preliminary Payrolls edged up to 0.3%, beating the forecast of 0.2%. Wednesday should be busier, with key events in Germany and the […]

USD/CAD – Canadian Dollar Trading Sideways

The Canadian dollar continues to have an uneventful week. In the Tuesday’s session, the pair is trading at 1.2587, up 0.07% on the day. On the release front, there are no Canadian indicators on the schedule. In the US, the sole indicator is the NFIB Small Business Index, which improved to 106.9, above the estimate […]

USD Under Pressure as Traders eye U.S Inflation

Tuesday February 13: Five things the markets are talking about Euro equities are trading steady despite a late down swing in Asia, as investors wrestle to find direction after this month’s early collapse. The dollar has weakened against G10 currency pairs while Treasuries have edged a tad higher along with gold. Crude is heading for […]

DAX Dips as Investors Still Skeptical

The DAX index has posted losses in the Tuesday session. Currently, the index is trading at 12,230.44, down 0.44% on the day. On the release front, there are no German or Eurozone indicators on the schedule for a second straight day. US stock markets posted gains on Monday, raising hopes that last week’s correction is over. However, European investors […]