“She’ll be back” at the White House for a second interview, evidently.
She was there for an interview yesterday.
Is she back to get good news, or bad news? Or does Trump want to know more?
EUR/USD slips to session low
Fresh euro selling has sent it down nearly a full cent on the day and wiped out yesterday’s gains. The latest move looks flow-driven into the weekend.
The post The fall in EUR/USD highlights the head-and-shoulders top appea…
Closing changes for the main bourses:
– UK FTSE -0.1%
– CAC +0.1%
– German DAX – flat
– Spain IBEX +0.7%
– Italy MIB +1.0%
On the week:
– UK FTSE -0.2%
– CAC +0.4%
Factor in the weakness in the pound and the euro, and it was a soft week for Europe.
The ECB decision on Thursday is a highlight next week
BNP Paribas FX Strategy Research discusses the EUR outlook going into next week’s ECB meeting
The ECB takes center stage next week with its scheduled meeting on Thursday when it is widely expected t…
Yellen speaks today after the market closes
The usual thinking is that Yellen wouldn’t say anything market moving when the market is closed.
History shows that’s not the case. I can think of at least two occasions where she has spoken late Friday or a…
The post Yellen speech today will be the final word before the Fed blackout appeared first on Forex news forex trade.
September US existing home sales from the National Association of Realtors
– Prior was 5.35m
– Sales +0.7% vs -1.7% prior
– National median price $245,100, up 4.2% y/y
NAR said activity would have been “somewhat stronger” if not for lingerin…
The post US September existing home sales 5.39m vs 5.30m expected appeared first on Forex news forex trade.
USD/CAD up more than a full cent
USD/CAD is butting up the October high of 1.2598, which is a key resistance level.
It represents a double-top with a second test on October 17 also failing to break above 1.26.
The post USD/CAD nears the double-to…
Drastic drop in retail sales is a concern
Here’s the 10,000 view of Canada
– The first half of the year was super-strong
– One set of house-price cooling measures came in April and activity/prices are down substantially in Toronto
If you think the firs…
The post The Canada-bears will be coming out of hibernation now appeared first on Forex news forex trade.
Canadian inflation data for September
– was +1.4% y/y
– CPI +0.2% vs +0.3% m/m expected
– Prior m/m reading was +0.1%
The post Canada September consumer price index 1.6% vs +1.7% y/y expected appeared first on Forex news forex trade.
Expect a big move in USD/CAD
The market still isn’t quite sure which way the Bank of Canada will go. The BOC’s business outlook survey this week showed some worries about a slowdown but that was largely expected.
The post Canada CPI and retail sales d…