Tag: usd

Live FX Market Analysis – 16 October 2018 (Video)

It’s been another turbulent week in FX markets with last week’s sell-off suitably spooking investors, Saudi Arabia causing a stir following allegations of murder at its embassy in Turkey, Brexit talks stalling and Italy risking the wrath of the European Commission after submitting its budget. Senior Market Analyst Craig Erlam discusses all of these and […]

USD/CAD – Canadian dollar higher on stronger business optimism

The Canadian dollar has posted gains in the Tuesday session. Currently, USD/CAD is trading at 1.2950, down 0.31% on the day. On the release front, Canadian Foreign Securities was dismal, with a gain of just C$2.82 billion. This was much smaller than the estimate of C$10.05 billion. In the U.S, there are on major events […]

EUR/USD – Euro shrugs off dismal German ZEW Economic Sentiment

EUR/USD is steady in the Tuesday session, after posting slight gains to start the week. Currently, the pair is trading at 1.1579, unchanged on the day. On the release front, German ZEW Economic Sentiment plunged to a level of -24.7, well below the estimate of -12.3 points. Eurozone ZEW Economic Sentiment followed a similar trend, falling […]

Markets stable for now but risks pile up

Saudi in the spotlight as lies start to unravel Investors may not be feeling particularly comfortable yet but we are seeing some welcome stability in the markets on Tuesday, with Europe posting small gains following a mixed session in Asia overnight. US futures are also pointing a little higher which will provide some comfort following […]

The buck cannot find a bid

Tuesday October 16: Five things the markets are talking about The ‘big’ dollar came under pressure yesterday and is finding it difficult to gain much traction this morning as investors taking profit on U.S assets outweighs concerns about Italy, Brexit and a Sino-U.S trade war. Furthermore, twin U.S deficits and prospects of a halt in […]

USD/CAD Canadian Dollar Higher as BOC Business Survey Boosts Optimism

The Canadian dollar surged on Monday. The loonie is trading higher by 0.21 percent at 1.2992. The US dollar lost traction earlier in the session with the release of the US retails sales data for September. Core and headline US sales were lower than the forecast and the loonie was boosted the by the release […]

Oil Lower on Saudi Diplomacy and Supply Concerns

Oil is lower on Monday after an eventful weekend that has the energy markets full of uncertainty. After public condemnation on the investigation of a missing journalist Saudi Arabia has launched a threat of retaliation using their oil supply. Tempers flared within the Kingdom and some comments have been walked back by more official sources. […]

Gold Rises as Metal Regains Safe Haven Title

Gold rose on Monday after US retail sales missed the forecast. Economists had estimated a rebound in core and headline retail sales, but a fall in the food services sector dragged the index lower. Overall US sales continued to show a strong pace of growth. The yellow metal has risen as investors are seeking safety […]

XAU/USD – Gold jumps to 11-week high, U.S retail sales disappoints

Gold has started the week with sharp gains. In North American trade, the spot price for one ounce of gold is $1227.98, up 0.85% on the day. Earlier in the day, gold prices touched a high of $1233, its highest level since mid-July. On the release front, U.S data was mixed. On the release front, U.S […]

Saudi 5-year CDS jump to 11-month high

The cost of insuring exposure to Saudi Arabia’s sovereign debt jumped to the highest level in 11 months on Monday after the kingdom faced increasing international pressure over missing journalist Jamal Khashoggi. Saudi Arabia’s 5-year credit default swaps rose to 100 basis points after closing at 89 basis points on Friday, according to data from […]