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Tag: EUR

EUR/USD – Euro Trading Sideways on Lack of Eurozone Data

EUR/USD is showing little movement in the Thursday session. Currently, the pair is trading at 1.1817, up 0.07% on the day. On the release front, there are no German or eurozone indicators. In the U.S, there are two key events, which could impact on the movement of EUR/USD. The Philly Fed Manufacturing Index is expected to […]

The trend is your friend.

The trend is your friend. Currency Markets There was an intense focus on Italy Wednesday thanks to speculation that its new coalition government would request that the ECB write-off the bank’s QE-acquired debt of EUR250bn. Panic ensued with the EURUSD plunging to 1.1760 before recovering after the report was denied. But the Italian political noise […]

Italian markets jolted by 5-Star, League coalition proposals

Italy’s borrowing costs jumped on Wednesday and its stocks fell after a draft program for a potential coalition government revealed plans to demand 250 billion euros of debt forgiveness and create procedures to allow countries to exit the euro. The anti-establishment 5-Star Movement and the far-right League party plan to ask the European Central Bank […]

U.S: Monthly new residential construction, April 2018

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2018. Building Permits Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,352,000. This is 1.8 percent (±1.3 percent) below the revised March rate […]

Canada: Monthly Survey of Manufacturing, March 2018

Manufacturing sales rose 1.4% to $57.1 billion in March. Higher sales at primary metal; aerospace product and parts; fabricated metal product; and the other transportation equipment industries were mostly responsible for the increase. Overall, sales were up in 13 of 21 industries, representing 72% of the Canadian manufacturing sector. The primary metal and aerospace product […]

DAX Steady as German CPI Matches Estimate

In the Tuesday session, the DAX is at 13,027, up 0.27% on the day. On the release front, German and eurozone CPI releases matched their estimates. ECB President Mario Draghi will speak at an ECB event in Frankfurt. German Final CPI dropped to 0.0% in April, down from 0.4% a month earlier. Eurozone inflation indicators […]

EUR/USD – Euro Softer, German and Eurozone CPI Match Expectations

EUR/USD has posted losses in the Wednesday session, continuing the downward trend we saw on Tuesday. Currently, the pair is trading at 1.1803, down 0.31% on the day. On the release front, German and eurozone CPI releases matched their estimates. ECB President Mario Draghi will speak at an ECB event in Frankfurt. In the U.S, […]

Italian Politics Pounds Euro

Wednesday May 16: Five things the markets are talking about Investors continue to grapple with worries around global trade, growth and geopolitics. Overnight in Asia, equities dipped after N. Korea’s Pyongyang abruptly called off talks with Seoul, throwing a U.S/N. Korean summit into doubt, while surging bond yields stateside has re-energized market worries about faster […]

U.S Retail Sales Advance, while Empire Report Strong Growth

April Advance U.S retail sales m/m: +0.3% vs. +0.3%e Retail sales ex-autos: +0.3% vs. +0.5%e Retail sales ex-auto and gas: +0.3% vs. +0.4%e Americans ramped up spending in April. U.S retail sales rose a seasonally adjusted +0.3% in April. Digging deeper, spending growth was largely broad-based, with food and beverage stores and clothing and accessories […]

Live FX Analysis – 15 May 2018 (Video)

It’s been an interesting month in financial markets in which the dollar has rediscovered its mojo, geopolitical risk has remained heightened, US corporates have shown their strength and central banks around the world have become less bullish. Ahead of another busy data week, Senior Market Analyst Craig Erlam gives his views on the markets at […]