Tag: forex

U.S. Economy grew 4.1% rate in Q2

The U.S economy grew at the strongest pace in nearly four-years during Q2, supported by a rebound in consumer spending, exports and firm business investment. Q2 GDP rose at a seasonally and inflation-adjusted annual rate of +4.1% – a pickup from Q1 growth rate of +2.2%. Compared to the second quarter a year ago, output […]

USD/CAD – Canadian dollar listless in light fundamentals session

The Canadian dollar has posted small gains in the Tuesday session. Currently, USD/CAD is trading at 1.3167, down 0.04% on the day. On the release front, there are no Canadian indicators on the schedule. The U.S will release services and manufacturing PMIs and the Richmond Manufacturing Index. USD/CAD posted sharp losses on Friday, as the […]

Turkey’s central bank leaves policy rate unchanged, defying expectations

Turkey’s central bank left its policy rate unchanged on Tuesday, bucking market expectations of a hike and sending the lira down sharply in the bank’s first policy decision since President Tayyip Erdogan was re-elected with new executive powers. Concerns about Erdogan’s influence over monetary policy – and about the bank’s ability to rein in inflation […]

Trump ready to put tariffs on all Chinese imported goods

President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise. “I’m ready to go to 500,” the president told CNBC’s Joe Kernen in a “Squawk Box” interview. The reference is to the dollar amount of Chinese imports the U.S. accepted in […]

Currencies, Stocks and Bonds await Fed Powell’s Testimony

Tuesday July 17: Five things the markets are talking about Corporate earnings and monetary policy is expected to be the main driver of market sentiment this week- it’s currently giving a ‘temporary’ break to trade relation tensions amongst G7 economies. Global equities have drifted lower overnight on mixed earnings, while capital markets await the latest […]

DAX subdued on lack of fundamentals

The DAX index has ticked lower in the Tuesday session. Currently, the DAX is at 12,566, up 0.05% on the day. On the release front, there are no major German or eurozone events. In economic news, the eurozone trade surplus slipped to EUR 16.9 billion, short of the estimate of EUR 17.6 billion. This marked […]

EUR/USD – Euro edges higher, investors eye Powell testimony

EUR/USD has posted gains in the Tuesday session. Currently, the pair is trading at 1.1733, up 0.18% on the day. In economic news, there are no events in the eurozone. The U.S releases manufacturing and housing indicators. Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee. On Wednesday, the Eurozone releases Final CPI and […]

GBP/USD – British pound dips despite sharp retail sales

The British pound has posted losses in the Thursday session. In North American trade, GBP/USD is trading at 1.3328, down 0.36% on the day. On the release front, retail sales sparkled on both sides of the pond. British retail sales jumped 1.3%, crushing the estimate of 0.5%. In the U.S, core retail sales climbed 0.9%, […]

GBP/JPY – Bearish Breakout Ahead of Jobs Data and BoE

OANDA Senior Market Analyst Craig Erlam talks to Core Finance about the recent bearish break in GBPJPY and whether it signals more pain ahead. He also previews the UK jobs data and Bank of England inflation report hearing and what they could mean for interest rates this year. USD/JPY – Japanese Yen Edges Lower as […]

Gold Slips as US Dollar Selloff Hits the Breaks

Gold has started the week with losses. In North American trade, the spot price for an ounce of gold is $1341.32, down 0.62% on the day. On the release front, Personal Spending slowed to 0.4%, shy of the estimate of 0.6%. On Tuesday, the key indicator is CB Consumer Confidence and President Trump will deliver […]