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EUR/USD – Euro starts week with gains, Investors eye US retail sales

EUR/USD is higher on the Monday session. Currently, the pair is trading at 1.1592, up 0.28% on the day. On the release front, there are no eurozone events. In the U.S, the focus is on retail sales reports. Retail Sales is expected to gain 0.7%, while Core Retail Sales is forecast to climb 0.3%. The U.S […]

Geopolitical risks and yields dominate proceedings

Monday October 15: Five things the markets are talking about Following a weekend of warnings on global economic fragility from G10 finance leaders at an IMF meeting in Bali, has global equities starting this new week on the back foot, with regional bourses in Asia and Europe seeing red, while U.S equity futures are pointing […]

Pound suffers on Brexit stalemate

  Pound pressured at start of the week Weekend news that the latest Brexit negotiations had hit yet another stalemate pressured the pound at this week’s open. UK’s Financial Times reported that PM May is said to call the current draft Brexit deal a “non-starter” and as a result EU leaders may cancel plans for […]

US Retail Sales to Support Dollar


The US dollar was higher against major pairs on Friday, but not enough to end up the week on positive territory. A stock market rout took its toll on the greenback and the subsequent rebound in stock prices supported the currency ahead of the weekend. Strong US data and a clear interest rate hike path […]

USD/CAD – Canadian dollar edges higher, U.S consumer confidence next

The Canadian dollar has edged higher in the Friday session, following the trend seen on Thursday. Currently, USD/CAD is trading at 1.3011, down 0.18% on the day. On the release front, there are no Canadian events on the schedule. In the U.S, today’s key indicator is UoM Consumer Sentiment, which is expected to remain above […]

Friday’s relief rally in full swing

Friday October 12: Five things the markets are talking about Volatility, in particular, for equities, has notched aggressively higher this week, now that sovereign bond yields are beginning to price out cheap money. Stronger than expected U.S economic data and weak European underlying inflation in key countries is being blamed as the specific trigger for […]

Gold gains most in more than two years

Gold is back in favor The safe haven of gold, very much unloved over the past few months as it stood in the dollar’s shadow, saw its fortunes reverse yesterday to record the biggest one-day gain in almost 2-1/2 years. A weaker US dollar amid easing US yields and a below-forecast CPI print, reduced demand […]

GBP/USD – British pound improves to 3-week high, US numbers miss mark

GBP/USD continues to gain ground this week. In Thursday’s North American session, the pair is trading at 1.3200, up 0.05% on the day. Earlier in the day, GBP/USD touched a high of 1.3250, its highest level since September 21. On the release front, the BoE released its credit conditions survey. In the U.S, key indicators […]

IMF Lagarde Defends Fed Chair on Monetary Policy

The head of the International Monetary Fund on Thursday defended Federal Reserve Chairman Jerome Powell one day after U.S. President Donald Trump criticized the American central bank, which has been raising U.S. interest rates, as “crazy.” “I wouldn’t associate Jay Powell with craziness,” Managing Director Christine Lagarde told CNBC in an interview. “He comes across […]

OPEC Oil Production Higher to Cover Iranian Drop

Several OPEC members, led by Saudi Arabia and Libya, put enough new barrels on the market in September to offset a drop in production from Iran, where U.S. sanctions are whittling away at the nation’s crude exports, according to a monthly report. The 15-nation producer group also knocked down its forecast for oil demand in […]