1-888-998-3948


02-28-2019 08:15

Significant beat on US Q4 GDP propels USD higher into NY trade
Significant beat on US Q4 GDP propels USD higher into NY trade

• US Q4 GDP reported +2.6% QoQ vs. +2.3% exp.
• Canadian Industrial Product Prices -0.3% MoM in January vs +0.1% exp.
• USDCAD vaults higher into 1.3200-1.3225 resistance zone.
• EURUSD tries to break out, but strong US GDP figures pull the market back.
• GBPUSD consolidating gains amid EURGBP month-end buying.
• AUDUSD overnight bounce attempt derailed by weak Chinese Manufacturing PMI.
• Swift rise in US yields helps put USDJPY buyers back in charge.

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


02-27-2019 08:15

Canadian CPI meets expectations for January
Canadian CPI meets expectations for January

• Oil prices rebound 2% following bullish API report and comments from Saudi energy minister.
• Weekly EIA oil inventory report out at 10:30amET.
• USDCAD under pressure again with support in the 1.3120-30s being threatened.
• GBPUSD rally continues after huge demand for sterling at yesterday’s London fix.
• EURUSD benefits from yesterday’s GBP-led, USD selloff but chart resistance at 1.1400 caps.
• Fed chairman Powell to speak before US House of Representatives at 9:45amET.

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


02-26-2019 08:15

All eyes on Fed chairman Powell this morning
All eyes on Fed chairman Powell this morning

• Fed chairman to present semi-annual Monetary Policy Report before the US Senate Banking Committee at 9:45amET.
• USDCAD trading higher again this morning as crude oil prices still cannot recover from Trump’s “Oil prices are too high” tweet.
• EURUSD sitting just shy of familiar chart resistance in the 1.1360s.
• GBPUSD surges following reports that Theresa May is formally taking a “no-deal” Brexit off the table.
• USDJPY follows the S&Ps reversal lower late yesterday.
• US Housing Starts for December miss expectations.

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


02-25-2019 08:15

Trump extends March 1st tariff deadline with China
Trump extends March 1st tariff deadline with China

• Global stocks and the Chinese yuan rally, and the USD goes broadly offered.
• USDCAD bid returning though following tweet from Trump: “Oil prices getting too high”. April crude -2%.
• EURUSD up on “risk-on” tone, but chart resistance in the 1.1360s still capping.
• GBPUSD traders digesting latest Brexit headlines, but further talk of an extension appears supportive.
• AUDUSD higher following positive US/China trade headlines. Close above 0.7170s pivotal for bulls.
• Busy calendar this week features the Fed’s 2-day semi-annual Monetary Policy Report before US Congress.

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


02-22-2019 08:15

USDCAD bid ahead of Canadian Retail Sales report. Slew of Federal Reserve member speeches to follow.
USDCAD bid ahead of Canadian Retail Sales report.  Slew of Federal Reserve member speeches to follow.

• Traders expecting -0.3% MoM for December Canadian Retail Sales.
• EURUSD looking for buyers. Germany’s IFO Survey disappoints.
• GBPUSD loses 1.3020s support ahead of the weekend.
• AUDUSD nurses losses after yesterday’s bearish reversal.
• USDJPY continues higher as S&Ps hope for March 1st tariff deadline extension.

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


02-21-2019 08:15

Australian dollar plunges off overnight highs
Australian dollar plunges off overnight highs

• Australian January employment report beats expectations, but Westpac rate cut call + coal import ban from China shocks market.
• Broad USD selling into NY trade sees USDCAD back into 1.3160-70 support, EURUSD and GBPUSD retesting chart resistance.
• US Durable Goods and US Philly Fed survey both miss market expectations.
• Weekly EIA oil inventory report out at 11amET. Traders expecting a build of 3.08M barrels.
• Bank of Canada’s Stephen Poloz speaking at 12:35pmET.

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


02-20-2019 08:15

Dovish tilt from Fed hawk Mester and USDCNH plunge drives USD lower
Dovish tilt from Fed hawk Mester and USDCNH plunge drives USD lower

• USDCAD scrambling for support in the 1.3180s.
• EURUSD and AUDUSD consolidating bullish daily reversals from yesterday.
• GBPUSD pulling back after yesterday’s “Brexit optimism” surge.
• Three Tory MPs quit today. May/Juncker meeting at 12:30pmET.
• USDJPY buyers return after 110.50s hold.
• FOMC Minutes at 2pmET.

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


02-19-2019 08:15

USD trading mixed ahead of quiet start to holiday shortened week
USD trading mixed ahead of quiet start to holiday shortened week

• USDCAD holding 1.3230-40s as April crude struggles with $56 handle.
• EURUSD on the defensive following technical selling and more weak European data.
• GBPUSD continues to shake off Brexit negativity since Friday’s sharp rebound. Theresa May and Juncker to meet tomorrow.
• Dovish RBA Minutes sees AUDUSD slip further off Monday’s highs. Wage data, employment, Lowe on deck this week.
• More accommodative talk from the BOJ’s Kuroda helping to lift USDJPY earlier, but gains now fading.

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


02-15-2019 08:15

EURUSD trades lower as the negative European headlines continue to mount
EURUSD trades lower as the negative European headlines continue to mount

• Spain calls for snap elections in April. Italy’s Borghi bringing back euro-skeptic vibes.
• ECB’s Couere admits economic slowdown broader and stronger than expected. TLTROs still possible.
• UK Retail Sales beat expectations for January, but Brexit fears continue to weigh. 42 days to go.
• AUDUSD stuck in familiar range with 0.7100 now the pivot.
• USDCAD also pivoting at 1.3280s following yesterday’s failed breakout and crude oil’s recovery back above 54.50.
• USDJPY trying to regain 110.50s after yesterday’s negative NY close. S&P futures +11.

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


02-14-2019 08:15

US Retail Sales and Canadian Manufacturing Shipments disappoint by a wide margin
US Retail Sales and Canadian Manufacturing Shipments disappoint by a wide margin

• USD sees broad selling across the board, but CAD underperforming even further.
• Swift selling hits the S&Ps and crude oil.
• GBPUSD struggles to benefit as fears loom ahead of some Brexit amendment votes today.
• AUDUSD wrestles with 0.7110 pivot.
• EURCAD working on bullish daily reversal while USDCAD threatens break of daily downtrend.
• China reports upbeat export growth in January. Trump considering 60-day extension of tariff deadline.

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

Pages: «  3 4 5 6 7 8 9 10 11 12  »

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