1-888-998-3948


03-22-2019 08:15

Terrible German manufacturing PMI spooks markets
Terrible German manufacturing PMI spooks markets

• Germany Markit PMI for March comes in at 44.7 vs 48.0 expected.
• Risk-off waves sweeps across markets. German bunds now yielding below zero.
• Sterling avoids the selling as EU allows two-week Brexit extension.
• USDCAD benefitting from broad risk off flows, which is also knocking oil prices lower.
• Canadian Retail Sales and CPI data on deck.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Isabella Guevara at 08:15 AM

Comments

Read More


03-21-2019 08:15

Fed outlook gives markets another dovish surprise, but traders now fretting over the underlying reasons for it
Fed outlook gives markets another dovish surprise, but traders now fretting over the underlying reasons for it

• USDCAD roars back from post Fed lows, now threatening to break above 1.3330s.
• EURUSD slips after testing 1.1420-30s resistance.
• GBPUSD falls further today as traders angst about what the EU will allow in terms of a Brexit extension.
• AUDUSD extends post Fed gains on 4.9% unemployment rate headline in weak Australian jobs report, but now fades.
• USDJPY struggling to find buyers as “risk-off” tone to markets today sees US 10yr yields tick below 2.50% to new 14 month low.
• US Philly Fed survey for February beats expectations (+13.7 vs +4.5).

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Rachel Butler at 08:15 AM

Comments

Read More


03-20-2019 08:15

All eyes on the Fed today, with traders expecting modestly dovish tone to outlook
All eyes on the Fed today, with traders expecting modestly dovish tone to outlook

• EURUSD drifts back up to trend-line resistance in the 1.1360s as USDCNH recedes.
• AUDUSD recovers after cautious comments from the RBA’s Bullock.
• GBPUSD falling hard now as Theresa May confirms request made to EU for short Brexit extension.
• USDJPY stuck between support at 111.30 and resistance 111.60. S&Ps fail to break out yesterday.
• USDCAD recovers handsomely from yesterday swift dip below 1.3305. Oil price retreat the major driver.
• Weekly EIA oil inventories at 10:30amET. Fed press release at 2pmET. Press conference at 2:30pmET.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Rachel Butler at 08:15 AM

Comments

Read More


03-19-2019 08:15

USDCAD uptrend at risk of unraveling
USDCAD uptrend at risk of unraveling

• USDCAD now plunging as 1.3305 trend-line support gives way.
• May crude oil continues rally after breaking out above 58.80s yesterday.
• EURUSD drifts higher again but struggles at familiar resistance in the 1.1360s.
• Sterling shorts cover at 1.3190-1.3200 yesterday. Third Brexit vote denied by UK House speaker.
• AUDUSD trading steady after RBA Minutes. Copper bid 1%.
• USDJPY finally finding buyers after the S&P break above the 2840s. Large option expiries in play today.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Rachel Butler at 08:15 AM

Comments

Read More


03-18-2019 08:15

Optimism for a dovish Fed lifts broad risk sentiment to start week
Optimism for a dovish Fed lifts broad risk sentiment to start week.

• S&Ps, oil, copper all higher while USD trades mixed to lower.
• FOMC meets on Wednesday. Economic calendar quiet before then.
• USDCAD holds trend-line support at the 1.3300 level.
• EURUSD and AUDUSD drift higher as some trend-line resistance gives way.
• GBPUSD lags as traders nervously await what Theresa May can do this week.
• USDJPY struggling to regain 111.60s lost on Friday.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Isabella Guevara at 08:15 AM

Comments

Read More


03-15-2019 08:15

China talks up further stimulus & US/China trade progress, but risk-on bid from Yuan strength now evaporating
China talks up further stimulus & US/China trade progress, but risk-on bid from Yuan strength now evaporating.

• April crude oil gives up 58.30s. USDCAD regains 1.3330s after bouncing off 1.3280-90s support.
• EURUSD continues to struggle with 1.1320s resistance. Huge option expiries likely weighing as well.
• GBPUSD trading calmly for a change. UK parliament passes motion to extend Article 50.
• AUDUSD rebounds on USDCNH dip, but fading now as EURUSD dips.
• USDJPY looking shaky after BOJ delivers expected status quo on monetary policy.
• Canadian Manufacturing Shipment data for January beats expectations. US Industrial Production figures up next.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Isabella Guevara at 08:15 AM

Comments

Read More


03-14-2019 08:15

Weak Chinese Industrial Production figures for January ignite broad USD buying
Weak Chinese Industrial Production figures for January ignite broad USD buying

• USDCNH surges through 6.72. Copper falls 1.4%.
• EURUSD and AUDUSD peel back yesterday’s gains, while USDCAD bounces off 1.3280-90s.
• GBPUSD explodes higher following failure of the “no-Brexit deal” motion yesterday.
• Volatile session underway for GBP with Article 50 extension vote at 3pmET.
• USDJPY benefiting from broad USD buying. Bank of Japan meets tonight.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Jennifer Danuff at 08:15 AM

Comments

Read More


03-13-2019 08:15

Sterling bid after Theresa May loses 2nd meaningful Brexit vote yesterday. "No deal" Brexit vote on deck at 3pmET today.
Sterling bid after Theresa May loses 2nd meaningful Brexit vote yesterday.

• Shorts cover after traders could not push GBPUSD below 1.3050s yesterday. The 1.3140-50s are now resisting.
• EURUSD benefits from weak US CPI yesterday, but market still undecided with upside break of 1.1300 level.
• AUDUSD lagging today following weaker than expected Westpac consumer confidence data for March.
• USDJPY longs hanging in there as the S&Ps continue to march higher.
• USDCAD looking precarious with break below 1.3370s late yesterday. Crude oil up 1% today after bullish API report last night.
• US PPI and US Durable Goods figures up next at 8:30amET. Weekly EIA oil inventory report out at 10:30amET.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Jennifer Danuff at 08:15 AM

Comments

Read More


03-12-2019 08:15

Sterling goes on a Brexit roller-coaster ride
Sterling goes on a Brexit roller-coaster ride

• Last minute Theresa May trip to Strasbourg ignites 200pt rally in GBPUSD yesterday.
• UK Attorney General says legal risk for the UK remains unchanged re: Irish backstop. GBPUSD collapses.
• EURUSD putting fund shorts to the test with 1.1270s trend-line break.
• AUDUSD remains bid following yesterday’s move above 0.7050.
• USDCAD choppy, but cannot regain 1.3410s lost late yesterday. Crude oil holding gains above $57.
• USDJPY heavy on broad USD sales into NY trade.
• Brexit “meaningful vote” in UK Parliament at 3pmET.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Jennifer Danuff at 08:15 AM

Comments

Read More


03-11-2019 09:25

US reports better than expected Retail Sales for January, but an already bad December number is revised lower
US reports better than expected Retail Sales for January, but an already bad December number is revised lower

• US January Retail Sales +0.2% MoM vs -0.1%; December revised -1.6% MoM vs -1.2% originally reported.
• USDCAD bid, but within Friday’s post-employment report range (1.3405-1.3430). April crude oil bid on Saudi headlines.
• EURUSD traders trying to hold gains above 1.1230s. Funds extend short positions into March 5th.
• GBPUSD bouncing despite barrage of negative Brexit headlines. Tomorrow’s “meaningful vote” now not so certain to take place.
• AUDUSD threatening break above 0.7050s after mixed US Retail Sales report.
• USDJPY continues to hold 111.00 level. Bank of Japan meets on Thursday night.

Tags: currency news , cad , gbp , usd , eur , foreign currency market analysis , currency market rates

Posted By Isabella Guevara at 09:25 AM

Comments

Read More

Pages: 1 2 3 4 5 6 7 8 9 10  »

Search



Platinum Passport

Travelers: Never miss a thing and be the first to know about CXI branch promotions, travel tips and hot trends.


Currency Insider

Corporations & Financial Institutions: Want to get ahead of the curve for the upcoming week? Get CXI's currency market trend analysis sent directly to your inbox weekly.


News Archive


Tags