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Tag: Currency

EUR/USD – Euro Steady on Lack of Eurozone Data

EUR/USD is unchanged in the Friday session. Currently, the pair is trading at 1.1933, up 0.15% on the day. In economic news, it’s a quiet end to the week, with no German or eurozone events. ECB President Mario Draghi will speak at an event in Florence and the US releases UoM Consumer Sentiment, which is […]

GBP/USD – British Pound Loses Ground as BoE Maintains Rates

The British pound has lost ground on Thursday, after showing little movement during the week. In the North American session, GBP/USD is trading at 1.3480, down 0.49% on the day. On the release front, it’s a busy day on both sides of the pond. British Manufacturing Production declined for a second straight month. The reading of […]

USD/CAD – Canadian Dollar Hits 3-Week High on Strong Oil Prices

The Canadian dollar continues to improve and has posted considerable gains in the Thursday session. In the North American session, USD/CAD is trading at 1.2770, down 0.66% on the day. On the release front, the focus is on inflation indicators on both sides of the border. In Canada, the New Housing Price Index improved to 0.0%, matching the […]

DAX Posts Gains, Investors Eye U.S. Consumer Inflation

The DAX index has posted gains in the Thursday session. Currently, the DAX is at 12,983 points, up 0.31% on the day. In economic news, German and French banks are closed for a holiday. The ECB released an economic bulletin and the US will publish consumer inflation reports. CPI is expected to rebound with a gain […]

EUR/USD – Euro Steady in Holiday-Thin Trade, US Consumer Inflation Next

EUR/USD is showing little movement in the Wednesday session. Currently, the pair is trading at 1.1884, up 0.27% on the day. In economic news, German and French banks are closed for a holiday. ECB releases an economic bulletin, and the US will publish consumer inflation reports. CPI is expected to rebound with a gain of 0.3%, […]

Gold Trading Sideways After Trump Bombshell

Gold is trading sideways in the Wednesday session. In North American trade, the spot price for an ounce of gold is $ 1313.48, down 0.08% on the day. On the release front, producer price inflation reports were soft. PPI dropped to 0.1%, shy of the estimate of 0.2%. Core PPI edged lower to 0.2%, matching the forecast. […]

GBP/USD – British Pound Steady, Markets Expect BoE to Stand Pat

The British pound continues to show little movement this week. In North American trade, GBP/USD is trading at 1.3574, up 0.19% on the day. On the release front, there are no major British indicators. In the US, PPI dropped to 0.1%, shy of the estimate of 0.2%. Core PPI edged lower to 0.2%, matching the forecast. On Thursday, […]

USD/CAD – Canadian Dollar Improves, US Inflation Dips Lower

The Canadian dollar has posted losses in the Wednesday session, erasing the gains seen on Tuesday. In the North American session, USD/CAD is trading at 1.2880, down 0.54% on the day. On the release front, Canadian Building Permits jumped 3.1%, crushing the estimate of 2.0%. In the US, PPI dropped to 0.1%, shy of the estimate of […]

EUR/USD – Lack of Fundamentals Leaves Euro Trading Sideways

EUR/USD is showing little movement in the Wednesday session. Currently, the pair is trading at 1.1858, down 0.07% on the day. In economic news, there are no major events in the eurozone. The US will release key inflation reports, with PPI and Core PPI both expected to drop from 0.3% to 0.2%. On Wednesday, the […]

USD/CAD Canadian Dollar Lower Despite Oil Rise After US Pulls Out of Iran Deal

The Canadian dollar was lower on Tuesday after the US currency rose on the back of the uncertainty surrounding the United States participation in the Iran deal. The greenback rose as investors looked to the currency as a safe haven. US President Donald Trump announced that the US would be pulling out of the 2015 […]