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Tag: Currency

DAX Slides Ahead of Possible Showdown at G-7

The DAX index has recorded sharp losses in the Friday session. Currently, the DAX is at 12,707, down 0.82% on the day. Earlier in the day, the DAX had declined more than 1.0 percent. On the release front, German numbers missed expectations. German Industrial Production declined 1.0%, well off the estimate of 0.4%. Germany’s trade surplus […]

EUR/USD – Euro Dips on Soft German Data

EUR/USD has posted gains in the Friday session. Currently, the pair is trading at 1.1766, down 0.28% on the day. On the release front, German numbers were a disappointment. German Industrial Production declined 1.0%, well off the estimate of 0.4%. Germany’s trade surplus narrowed to EUR 19.4 billion, short of the estimate of EUR 20.3 […]

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 […]

US equity markets defy gravity.

US equity markets defy gravity. Equity Markets US equity markets continue to defy gravity and extending the recent winning streak to four straight sessions. It was all about the financials as a series of coordinated hawkish comments from ECB members,  that the end of QE will be top of the to-do list with some suggesting […]

Slight Gains for Gold Against Sluggish Greenback

Gold has posted slight gains in the Wednesday session. In the North American session, the spot price for one ounce of gold is $1299.37, up 0.24% on the day. On the release front, there are no major US events. We’ll get a look at unemployment claims on Wednesday. As fears of a global trade war […]

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 […]