Tag: Market Pulse

GBP/USD – Pound Slightly Higher, Investors Look for Economic Cues

The British pound has posted slight gains on Wednesday, continuing the upward trend which marked the Tuesday session. In North American trade, GBP/USD is trading at 1.3409, up 0.11% on the day. On the release front, there are no major events out of the U.S or Britain. On Thursday, the U.K releases Halifax HPI and […]

USD/CAD – Canadian Dollar Improves, Trade Balance Next

The Canadian dollar has rebounded on Wednesday, recording considerable gains. Currently, USD/CAD is trading at 1.2896, down 0.54% on the day. On the release front, Canada trade deficit is expected to narrow to C$3.4 billion. The markets are braced for a poor showing from Canadian Building Permits, with an estimate of -1.0%. Canadian Ivey PMI is forecast […]

DAX Steady, Euro Retail PMI Pushes Past 50

The DAX has posted gains in the Wednesday session. Currently, the DAX is at 12,818 up 0.25% on the day. In economic news, there is just one event on the schedule.  Eurozone Retail PMI improved to 51.7 points, pointing to weak expansion. On Tuesday, Germany releases Factory Orders and the eurozone publishes Revised GDP. The eurozone economy […]

EUR/USD – Euro Improves to 2-Week High as Eurozone Retail PMI Climbs

EUR/USD has posted gains in the Wednesday session. Currently, the pair is trading at 1.1770, up 0.43% on the day. On the release front, there are no major events in the Eurozone or U.S. Eurozone Retail PMI improved to 51.7 points. On Wednesday, the U.S releases unemployment claims. With the eurozone economy continuing to improve […]

GBP/USD – British Pound Gains Ground on Strong Services PMI

The British pound has moved higher in the Tuesday session. In North American trade, GBP/USD is trading at 1.3376, up 0.46% on the day. On the release front, British Services PMI improved to 54.0, marking a 3-month high. This beat the estimate of 52.9 points. On the release front, U.S manufacturing and employment reports were […]

USD/CAD – Canadian Dollar Edges Higher, Employment Report Next

The Canadian dollar has posted gains on Tuesday. Currently, USD/CAD is trading at 1.2980, up 0.38% on the day. On the release front, there are key events on both sides of the border. Canada releases Labor Productivity is expected to edge up to 0.3%. The US will release ISM Non-Manufacturing PMI, which is expected to improve to […]

DAX Jumps as New Italian Government, Korea Summit Stokes Optimism

The DAX has posted sharp gains in the Tuesday session. Currently, the DAX is at 12,897, up 0.99% on the day. In economic news, German Final Services PMI dropped to 52.1, matching the forecast. It was a similar story with Eurozone Final Services PMI, which fell to 53.8, just shy of the estimate of 53.9 points. […]

EUR/USD – Euro Calm as German, Euro Services PMIs Within Expectations

EUR/USD is unchanged in the Monday session. Currently, the pair is trading at 1.1697 down 0.01% on the day. On the release front, the focus is on the service sector. Eurozone and German Final Services both dropped in May, but met expectations. Eurozone retail sales remained unchanged at 0.1%, but this missed the forecast of […]

US Futures Higher Ahead of Data

Investors Buoyed By Easing Political Threat From Europe US equity markets are poised to open a little higher again on Tuesday, buoyed again by an apparent easing of political stress in Europe which was weighing on sentiment last week. Ahead of the G7 meeting, there is plenty to be wary about for investors, most notably […]

Investors utterly unfazed by trade tariffs

  Investors utterly unfazed by trade tariffs Stock market investors remain utterly unfazed by the prospects of trade tariffs or even higher interest rates as consecutive monthly payroll numbers continue to support the Goldilocks economy sweet spot scenario. Employers are aggressively ramping up staff, but wages are rising much less dramatically. So far, investors remain […]