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Tag: US Industrial Production

USD/CAD – Canadian dollar slides to 1-year low as Trump Prepares China Tariffs

The Canadian dollar continues to lose ground in the Friday session, after strong gains on Thursday. Currently, USD/CAD is trading at 1.3129, up 0.18% on the day. Earlier in the day, the Canadian currency dropped to its lowest level since June 2017. On the release front, Canadian Manufacturing Sales is expected to fall to 0.6%. […]

EUR/USD – Euro plunges on dovish ECB, Eurozone CPI matches forecast

EUR/USD has steadied in the Friday session, after sharp losses on Thursday. Currently, the pair is trading at 1.1603, up 0.30% on the day. On the release front, German WPI posted a strong gain of 0.8%, well above the estimate of 0.3%. In the eurozone, Final CPI rose to 1.9% and Final Flash CPI climbed […]

USD/CAD – Canadian Dollar Gains Ground on Strong Manufacturing Report

The Canadian dollar has rebounded on Wednesday, after three straight winning sessions. In the North American session, USD/CAD is trading at 1.2819, down 0.45% on the day. On the release front, Canadian Manufacturing Production dropped to 1.4%, but still beat the estimate of 1.1%. In the US, construction numbers were mixed. Building Permits remained steady at 1.35 […]

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, […]

GBP/USD – Pound Higher as Sentiment Remains Negative on Greenback

The British pound continues to head higher this week. In North American trade, GBP/USD is trading at 1.4067, up 0.48% on the day. On the release front, there are no British events on the schedule. In the US, PPI gained 0.4%, matching the forecast. Core PPI also gained 0.4%, beating the estimate of 0.2%. Both indicators […]

EUR/USD – Euro Rise Continues on Broad Dollar Weakness

The euro continues its upward movement and has posted gains in the Thursday session.  Currently, the pair is trading at 1.2483, up 0.27% on the day. In the eurozone, the trade surplus continues to grow, climbing to EUR 23.8 billion. This beat the forecast of EUR 22.4 billion. It’s a busy day in the US, […]

EUR/USD – Euro Unchanged as German GDP, CPI Matches Forecasts

The euro has shown some movement in both directions but is unchanged in the Wednesday session.  Currently, the pair is trading at 1.2356, up 0.04% on the day. It’s a busy day for fundamentals, with key releases out of the eurozone and the US. In Germany, Preliminary GDP slowed to 0.6% in the fourth quarter, matching […]