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Tag: usd

GBP/USD – Pound Edges Higher in Thin Holiday Trade

The British pound has posted slight gains on Monday, erasing the losses seen on Friday. In North American trade, GBP/USD is trading at 1.3571, up 0.29% on the day. British banks are closed for May Day, and there are no British releases. It’s a quiet day in the US, with no major events. On Tuesday, […]

Vladimir Putin Sworn in For President for 6 More Years

Vladimir Putin was sworn in for another six years as Russian president on Monday, buoyed by popular support but weighed down too by a costly confrontation with the West, a fragile economy and uncertainty about what happens when his term ends. Standing in the ornately-decorated Andreyevsky Hall of the Grand Kremlin Palace, with his hand […]

Crucial Week for NAFTA Begins

Talks to update the NAFTA trade deal enter a make-or-break week on Monday, as ministers from Canada, the United States, and Mexico seek to resolve an impasse in key areas before elections in Mexico and the United States complicate the process. Discussions in Washington will center on rules of origin that govern what percentage of […]

Oil Rises on Venezuela and Iran Concerns

Oil prices rose to their highest levels since late-2014 on Monday, boosted by fresh troubles for Venezuelan oil company PDVSA and a looming decision on whether the United States will re-impose sanctions on Iran. Brent crude oil futures were at $75.78 a barrel at 1236 GMT, up 91 cents from their last close. Earlier in […]

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 […]

U.S Dollar Bulls Take Firm Control

Monday May 7: Five things the markets are talking about The U.S dollar remains in the ‘black’ ahead of the open stateside, reversing most of its earlier losses in the overnight session. Euro stocks are trading sideways following a muted Asian session, as oil extends its recent gains to new heights. Note: In Europe, trading […]

All eyes will be on this week’s US CPI report

All eyes will be on this week’s US CPI report Following a very solid, but softer than expected jobs report; the USD remains in an advantageous position but perhaps short-term speculators are a bit oversubscribed heading into the week. The primary driver of late continues to be data surprise index between the rest of the world (soft) […]

Dollar Keeps Going Strong as Growth Concerns Rise in Europe

The US dollar rally continues to gather steam as it appreciated against major pairs for a third week. The U.S. non farm payrolls (NFP) provided little support with a miss in both the headline job number and the much anticipated wage growth component. The main takeaway from the jobs report was the drop in the […]

U.S. Adds 164,000 Jobs in April; Unemployment Falls to 3.9%

By the numbers: April non-farm payroll (NFP) +164K vs. +192Ke Change in private payrolls: +168K vs. +190Ke Change in manufacturing payrolls: +30K vs. +20Ke Birth-death adjustment: +260K vs. +65K prior US March payrolls revised to +135K; Feb Revised to +324K Prior change in private payrolls revised higher from: +102K to +135K April unemployment rate: +3.9% […]