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Tag: US PPI

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 […]

USD/CAD – Canadian Dollar Slips, 1.30 in Sight

The Canadian dollar has posted considerable losses in the Tuesday session. USD/CAD is trading at 1.2961, up 0.62% on the day. On the release front, Canadian Housing Starts dropped to 214 thousand, shy of the estimate of 218 thousand. The US will release JOLTS Jobs Openings and Federal Reserve Chair Jerome Powell will speak at an event […]

EUR/USD – Euro Dips Under 1.19 Despite Solid German Numbers

EUR/USD has posted losses in the Tuesday session. Currently, the pair is trading at 1.1884, down 0.33% on the day. On the release front, Germany posted strong numbers, as Industrial Production and Trade Balance both beat their estimates. The US will release JOLTS Jobs Openings and Federal Reserve Chair Jerome Powell will speak at an event […]

USD/CAD – Canadian Dollar Dips as Investors Search for Cues

The Canadian dollar has posted slight gains in the Monday session, after trading sideways on Friday. USD/CAD is trading at 1.2878, up 0.24% on the day. It’s a light day on the release front, with no major releases in the US or Canada. On Tuesday, Canada releases Housing Starts and the US publishes PPI and JOLTS […]

EUR/USD – Euro Under Pressure as German Factory Orders Decline

EUR/USD has started the week with losses, continuing the downward trend seen on Friday. In the Monday session, the pair is trading at 1.1926, down 0.30% on the day. On the release front, eurozone data disappointed. Germany Factory Orders declined 0.9%, missing the estimate of a 0.5% gain. Eurozone Retail PMI dropped to 48.6, marking the […]

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, […]