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USD/CAD – Canadian Dollar Edges Lower, US Job Numbers Softer than Expected

The Canadian dollar has posted slight gains in the Friday session. USD/CAD is trading at 1.2882, up 0.27% on the day. On the release front, Canada releases Ivey PMI, which is expected to improve to 60.2 points. In the US, nonfarm payrolls rebounded with a gain of 164 thousand, although this fell short of the estimate […]

DAX Rebounds, Markets Await US Employment Data

The DAX index has moved upwards in the Friday session. Currently, the DAX is at 12,738 points, up 0.39% on the day. On the release front, German and Eurozone Services PMIs for April came in at 53.0 and 54.7 points, respectively, as both missed their estimates. Eurozone retail sales also disappointed, as the reading of 0.1% […]

U.S Dollar steady ahead of Jobs Report

Friday May 4: Five things the markets are talking about Global markets attention now turns to the health of the U.S. economy, with wages growth and jobs data due in a few hours (08:30 am EDT). On Wednesday, the Federal Reserve kept rates on hold as expected, admitting inflation is near target without suggesting any […]

EUR/USD – Euro Shrugs Off Soft Services PMI, US Employment Data Next

EUR/USD has posted slight gains on Friday, erasing the gains seen on Thursday. Currently, the pair is trading at 1.1959, up 0.24% on the day. On the release front, German and Eurozone Services PMIs for April came in at 53.0 and 54.7 points, respectively, as both missed their estimates. In the US, the focus is on […]

Dollar Rally Takes Breather Ahead of US Jobs Report

The US dollar is lower against major pairs on Thursday, but still holds considerable gains in weekly measures. The Fed held rates unchanged on Wednesday and its statement hinted at gradual tightening. The usually steady U.S. non farm payrolls (NFP) report has been inconsistent throwing strong wage growth alongside weak numbers. The April NFP report […]

Gold Gains Ground on Trade War Concerns

Gold has posted strong gains in the Thursday session, after trading sideways on Wednesday. In North American trade, the spot price for an ounce of gold is $1313.89, up 0.69% on the day. On the release front, unemployment claims edged up to 211 thousand, easily beating the estimate of 225 thousand. In the services sector, ISM Non-Manufacturing […]

GBP/USD – Pound Dips to 4-Month Low, British Services PMI Misses Estimate

The British pound continues to falter session and has edged lower in the Thursday session. In North American trade, GBP/USD is trading at 1.3551, down 0.16% on the day. On the release front, British Services PMI improved to 52.8, but still fell short of the estimate of 53.5 points. Over in the US, unemployment claims […]

USD/CAD – Canadian Dollar Dips as Trade Deficit Jumps

The Canadian dollar has posted losses in the Thursday session, erasing the gains seen on Wednesday. USD/CAD is trading at 1.2846, down 0.29% on the day. On the release front, Canada releases trade balance, with the trade deficit expected to narrow to C$2.3 billion. In the US, unemployment edged up to 211 thousand, easily beating the […]

DAX Dips as Eurozone CPI Misses Forecast

The DAX index has lost ground in the Wednesday session. Currently, the DAX is at 12,753 points, down 0.37% on the day. On the release front, Eurozone CPI Flash Estimate dropped to 1.2%, shy of the estimate of 1.3%. Core CPI Flash Estimate followed a similar trend, dipping to 0.7%, short of the forecast of […]

U.S Dollar’s Deja Vu

Thursday May 3: Five things the markets are talking about Global equities saw some pressure overnight as the market now shifts their focus away from the Fed and back to corporate earnings season and Sino/U.S trade talks. Most G10 currency pairs have found firmer footing temporarily against the dollar, while the yield on U.S 10-year […]