Tag: US Unemployment Claims

No rest for the weary

No rest for the weary No rest for weary as the markets will get bombarded by events risk from virtually every angle this week. Trade war, elections, US data, Fedspeak, Eurozone inflation and the Bank of Canada (BoC)Business Outlook Survey all wrapped up in month end portfolio rebalance to add more confusion to the fray. […]

USD/CAD – Canadian Dollar Steady as Markets Await Fed Rate Hike

The Canadian dollar is subdued in the Wednesday session. Currently, USD/CAD is trading at 1.3019, up 0.03% on the day. On the release front, there are no Canadian events. PPI is expected to rise to 0.3% and Core PPI is forecast to remain pegged at 0.2%. The Federal Reserve is expected to raise the benchmark […]

EUR/USD – Euro Ticks Higher Ahead of Expected Fed Rate Hike

EUR/USD is steady in the Wednesday session. Currently, the pair is trading at 1.1760, up 0.13% on the day. In the eurozone, Employment Change edged up to 0.4%, above the estimate of 0.3%. Industrial Production declined 0.9%, weaker than the forecast of -0.6%. In the U.S, PPI is expected to rise to 0.3% and Core […]

Calm before chaos but more likely the fear of the unknown.

Calm before chaos but more likely the fear of the unknown. But one thing that we do know for sure is the president’s uncontrollable need to defend his status is more apparent than any strategy when comes to bilateral trade negotiations. But, the far from harmonious Quebec summit confirmed deep-seated G6+1’s expanding policy fissures on […]

Let the Games Begin

 Maximus Pressure or Circus Maximus Both the S & P and Nasdaq fell overnight snapping the 5-day winning streak as the tech sector sags. But entering weeks end investors are taking another peek at the calendar and thinking that perhaps booking some profit is prudent in case politics gets messy over the next week or […]

Gold Yawns as US Jobless Claims Within Expectations

  Gold has inched higher in the Thursday session. In the North American session, the spot price for one ounce of gold is $1297.31, up 0.05% on the day. On the release front, U.S, unemployment claims ticked higher to 222 thousand, just below the estimate of 223 thousand. On Friday, G-7 leaders will gather in […]

GBP/USD – British Pound Shrugs Off Strong Housing Inflation Data

The British pound has posted slight gains in the Thursday session. In North American trade, GBP/USD is trading at 1.3432, up 0.15% on the day. On the release front, British Halifax HPI recorded a strong gain of 1.5%, beating the estimate of 1.1%. In the U.S, unemployment claims ticked up to 222 thousand, just below […]

USD/CAD – Will Ontario Election Shake Up Canadian Dollar?

It has been an uneventful week for the Canadian dollar, and the trend has continued on Thursday. Currently, USD/CAD is trading at 1.2958, up 0.11% on the day. On the release front, the U.S unemployment claims is expected to edge up to 223 thousand. The Bank of Canada will release its semi-annual Financial System Review, followed by a […]

EUR/USD – Euro Rises to 3-Week High on Talk of Stimulus Wind-Up

EUR/USD has posted gains in the Thursday session. Currently, the pair is trading at 1.1822, up 0.40% on the day. On the release front, German Factory Orders plunged 2.5%, missing the estimate of 0.7%. In the eurozone, Revised GDP dipped to 0.4%, matching the estimate. In the U.S, unemployment claims is expected to edge higher […]

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 […]