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Tag: US PPI

USD/CAD – Canadian Dollar Steady as Markets Await Fed Rate Hike

The Canadian dollar is subdued in the Wednesday session. Currently, USD/CAD is trading at 1.3019, up 0.03% on the day. On the release front, there are no Canadian events. PPI is expected to rise to 0.3% and Core PPI is forecast to remain pegged at 0.2%. The Federal Reserve is expected to raise the benchmark […]

EUR/USD – Euro Ticks Higher Ahead of Expected Fed Rate Hike

EUR/USD is steady in the Wednesday session. Currently, the pair is trading at 1.1760, up 0.13% on the day. In the eurozone, Employment Change edged up to 0.4%, above the estimate of 0.3%. Industrial Production declined 0.9%, weaker than the forecast of -0.6%. In the U.S, PPI is expected to rise to 0.3% and Core […]

Gold Hugging $1300, Investors Await Fed Hike

Gold has posted slight losses in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1297.56, down 0.20% on the day. On the release front, consumer inflation numbers were within expectations. CPI remained pegged at 0.2% and Core CPI edged up to 0.2%, just above the forecast of 0.1%. […]

GBP/USD – Unemployment Claims Sparkle But Pound Yawns

The British pound is unchanged in the Tuesday session. In North American trade, GBP/USD is trading at 1.3389, up 0.05% on the day. On the release front, Britain released key employment numbers. Wage growth edged down to 2.5%, matching the forecast. Unemployment claims dropped by 7.7 thousand, much better than the estimate of a gain […]

USD/CAD – Canadian Dollar Edges Lower, US Consumer Inflation Meets Expectations

The Canadian dollar continues to lose ground this week. On Tuesday, USD/CAD is trading at 1.3014, up 0.28% on the day. On the release front, there are no Canadian events. In the US, consumer inflation numbers were within expectations. CPI remained pegged at 0.2% and Core CPI edged up to 0.2%, just above the forecast […]

EUR/USD – Euro Shrugs off Dismal German Confidence Report

EUR/USD continues to have a quiet week. On Tuesday, the pair is trading at 1.1792, up 0.05% on the day. On the release front, German ZEW Economic Sentiment posted a dismal reading of -16.1 points, missing the estimate of -14.6 points. Eurozone ZEW Economic Sentiment followed the same trend, with a reading of -12.6, well […]

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 […]

XAU/USD – Gold Lower, Markets Eye Trump Announcement on Iran

Gold has posted considerable losses in the Tuesday session. In North American trade, the spot price for an ounce of gold is $1309.34, down 0.30% on the day. On the release front, JOLTS Jobs Openings jumped to 6.55 million, crushing the estimate of 6.02 million. Later in the day, US President Trump makes a major […]

GBP/USD – Pound Slips to 4-Month Low as Housing Inflation Sinks

The British pound has posted losses in the Tuesday session. In North American trade, GBP/USD is trading at 1.3592, down 0.47% on the day. There are no major events on the schedule. In the UK, Halifax HPI plunged 3.1%, its sharpest decline since 2010. Later in the day, the UK releases BRC Retail Sales Monitor, with […]