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Tag: Currency

DAX Rebounds After Rough Week

The DAX index has started the week with gains in the Monday session. Currently, the index is trading at  12,303.00, up 1.63% since Friday’s close. On the release front, there are no German or Eurozone indicators on the schedule. Global stock markets were turbulent last week, and the DAX suffered sharp losses of 4.6%. US markets ended the […]

EUR/USD – Euro Quiet at Start of Week

The euro has posted small gains in the Monday session. Currently, the pair is trading at 1.2266, up 0.12% on the day. It’s a light economic calendar to start the week, with only one release on the schedule. The US federal budget is expected to rebound and show a large surplus of $50.2 billion. This […]

US Dollar Surges Amidst Volatility

BoE Signals Higher Interest Rates in the UK The US dollar had its strongest week against major currency pairs in twelve months. Even as the United States is suffering a bout of political uncertainty the dollar became a safe haven as stocks and bonds saw massive moves this week. The signing of a federal budget […]

USD/CAD -Canadian Dollar in Holding Pattern Ahead of Key Job Reports

The Canadian dollar has ticked higher in the Friday session. Currently, the pair is trading at 1.2609, up 0.05% on the day. On the release front, the focus is on Canadian employment indicators, with the release of Employment Change and the unemployment rate. This week’s market selloff has boosted the US dollar, at the expense of the […]

CAC Loses Ground as Global Sell-Off Continues

The CAC index has posted losses in the Friday session. Currently, the index is at 5124.00, down 0.54% on the day. On the release front, French Industrial Production came in at 0.5%, above the estimate of 0.1%. It’s been a tumultuous week for global stock markets, and the CAC has dropped 3.6% percent this week. […]

DAX Slide Continues as US Markets See Red

The DAX index has posted sharp losses in the Friday session. Currently, the index is trading at 12,210.00, down 0.41% on the day. On the release front, there are no German or Eurozone indicators on the schedule. Nervous investors continues to watch the massive sell-offs in the markets, and European markets have been following the downward trend in the […]

EUR/USD – Euro Steady, Nervous Investors Brace for More Stock Market Losses

The euro has posted slight gains in the Friday session, erasing the losses on Thursday. Currently, the pair is trading at 1.2266, up 0.16% on the day. On the release front, there are no major releases on the schedule. French Industrial Production improved to 0.5%, above the estimate of 0.1%. Italian Industrial Production impressed with a gain […]

Gold Dips to 2-Month Low But Recovers

Gold prices dropped considerably on Thursday before recovering. In North American trade, the spot price for an ounce of gold is $1319.57, up 0.10% on the day. On the release front, there was excellent news on the employment front, as unemployment claims dropped to 221 thousand, well below the estimate of 232 thousand. The US […]

USD/CAD – Canadian Dollar Steady as Housing Reports a Mixed Bag

The Canadian dollar has ticked higher in the Thursday session. Currently, the pair is trading at 1.2562, down 0.07% on the day. On the release front, Canadian housing numbers were mixed. The New Housing Price Index edged lower to 0.0%, shy of the estimate of 0.1%. This was the first time the index failed to post a […]

CAC Spiral Continues as Market Turbulence Continues

The CAC index has posted considerable losses in the Thursday session. Currently, the index is at 5205.00, down 0.97% on the day. On the release front, there are no data releases on the schedule. On Friday, France releases Industrial Production, which is expected to post a small gain of 0.1%. It’s been a tumultuous week […]