Tag: US Unemployment Claims

USD/CAD – Canadian Dollar Jumps on BoC Optimism, GDP Next

The Canadian dollar continues to gain ground in the Wednesday session, after posting sharp gains on Tuesday. In the North American session, USD/CAD is trading at 1.2845, down 0.24% on the day. On the release front, Canada will release GDP and the US publishes Personal Spending and unemployment claims. It’s been an impressive turnaround for […]

EUR/USD – Euro Edges Higher on Strong Eurozone CPI

EUR/USD has recorded gains in the Thursday session, continuing the upward movement seen on Wednesday. Currently, the pair is trading at 1.1682, up 0.17% on the day. On the release front, Eurozone CPI Flash Estimate jumped 1.9%, above the estimate of 1.6%. Core CPI Flash Estimate improved to 1.1%, above the estimate of 1.0%. In […]

EUR/USD – Euro Recovers as German Retail Sales Sparkles

EUR/USD has recorded considerable gains in the Wednesday session. Currently, the pair is trading at 1.1616, up 0.66% on the day. On the release front, German retail sales jumped 2.3%, crushing the estimate of 0.5%. In France, Consumer Spending declined 1.5%, well off the estimate of 0.2%. Preliminary GDP dropped to 0.2%, shy of the estimate […]

Safety is the priority

Seldom do we suddenly fall on demise but rather, advance towards it by slight degrees. However, nothing could be further from the truth when it comes to the Euro’s disintegration over the course of the last 24 hours. Forget about juxtaposition with Greece as this potential crisis is monumental in comparison. Italy’s economy is ten […]

Buckle in for an action-packed holiday-shortened week

Buckle in for an action-packed holiday-shortened week brimmed with essential events, none more significant than the May employment report particularly in light of the recent dovish conversation on wage growth in the May 2 FOMC minutes. A marginally firmer reading on the AHE could set the dollar tone through June FOMC. Last weeks slight risk-off […]

Dangerous Brinkmanship

Dangerous Brinkmanship Another in the expanding history list of topsy-turvy Thursdays’ when it comes to risk as the President Gave, and the President Hath Taken Away only to leave the door open again when it comes to North Korea discussions. The increasing headline chatter around the North Korea summit finally culminated with President Trump cancelling […]

EUR/USD – Euro Edges Higher After Fed Minutes

EUR/USD has rebounded in the Thursday session and has posted gains. Currently, the pair is trading at 1.1719, up 0.19% on the day. On the release front, Germany Final GDP dropped to 0.3%, matching the estimate. GfK Consumer Climate ticked lower to 10.7, just shy of the forecast of 10.8 points. Next up is the ECB […]

USD/CAD – Canadian Dollar Slips on Trump Comment Over China

The Canadian dollar has posted considerable losses in the Wednesday session. Currently, USD/CAD is trading at 1.2906, up 0.68% on the day. On the release front, there are no Canadian releases on the schedule. In the US, the key event is the Federal Reserve minutes from the May policy meeting. On Thursday, the US will release […]

EUR/USD – Euro Slips to 6-Month Low on Weak German, Eurozone PMIs

After a quiet start to the week, EUR/USD has posted considerable losses in the Wednesday session. Currently, the pair is trading at 1.1726, down 0.45% on the day. On the release front, German and eurozone PMIs missed expectations in the manufacturing and services sectors. In the US, the key event is the release of the […]

Commodity currencies are beaming

  Currency Markets The US dollar has given up some of its gains overnight as investors keenness for Greenbacks has temporarily abated. The shifting dynamics around trade and tariffs does give pause for thought as US dollar bulls are consolidating gains at a very tricky and treacherous junction for both the USD and US bond yields. After […]