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  • (News by tags)
    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. •...

    ...coasting just shy of chart resistance in the 1.1350s this morning after yesterday’s wave of broad USD selling shifted the market higher to its next plateau.  Germany’s PPI data for January slightly beat expectations when it was reported ea...

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

  • (News by tags)
    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 Junc...

    ... Canadian Retail Sales report and a slew of Federal Reserve member speeches.  We think last week’s inability for the market to breakout above the 1.3330s will cast a bit of a shadow over USDCAD price action to start this week, but we think any p...

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

  • (News by tags)
    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 f...

    ...uld continue next week in Washington.  Crude oil prices are staying bid amidst this positive “risk-on” tone to markets, plus there appears to be some added support from headlines surrounding the partial shut-down of Saudi Arabia's larg...

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

  • (News by tags)
    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. •...

    ...d an up and down overnight session as well.  The strong Chinese export figures came to the rescue in Asian trade and helped the market recover back above trend-line support in the 1.1270s.  The knee jerk reaction to the flat German GDP read was to bid the ...

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

  • (News by tags)
    Slightly hotter than expected US CPI figures adds to "risk-on" tone for the broader markets

    ...e going “so far so good”. • USDJPY extends gains with break above 110.50s. S&Ps +10. • AUDUSD unravelling NZDUSD driven pop; market back below 0.7110s. • EURUSD in the process of giving back yesterday’s gains following upbeat US CPI. • GBPUSD unwindin...

    ...ina going “so far so good” appears to be added to the overall “risk-on” sentiment we’re seeing in markets.  All this, along with a technically poor NY close, saw USDCAD slip further in Asian trade overnight.  Trend-l...

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

  • (News by tags)
    Snap-back in oil prices prevents USDCAD from breaking higher

    • Saudi Arabia expects to reduce oil production further, starting in March. Crude oil +2.2%. • Somewhat bearish OPEC Monthly Oil Report being brushed off. • EURUSD shakes off negative comments from the ECB’s Weidmann; defends 1.1270s chart support. • G...

    ...AD buyers are trying to bottom fish here as the somewhat bearish OPEC report gets digested, but traders have not yet pulled the market back above chart support in the 1.3260s, which was lost in the last few hours.  Today’s calendar will be devoi...

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

  • (News by tags)
    USD starts the week with quiet bid

    ...he 6th consecutive session after the 1.1340s give way again. • AUDUSD slips below support as USDCNH goes bid after the Chinese markets reopen. • GBPUSD underperforming after weak Friday NY close + weaker than expected UK economic data today. • USDJPY br...

    ...y bid to start the week.  Friday’s Canadian employment report was absolutely stellar, but sellers failed to keep the market below chart support in the 1.3260s for very long.  We think this bodes well for USDCAD here as the market now toys w...

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

  • (News by tags)
    Two-day USDCAD rally pauses ahead of Canadian jobs report

    • Traders expecting just 8k jobs gained in Canada for January. • Italian Industrial Output figures miss expectations. BTP/Bund spread widens further and pressures EUR. • Sterling buyers defending 1.2930-40s support after Carney’s post Brexit optimism ye...

    ...ng time this morning ahead of the Canadian employment report for January, but this comes after yet another strong rally for the market yesterday following some negative developments on the US/China trade front.  Trump is now supposedly NOT going to me...

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

  • (News by tags)
    Bank of England holds rates steady. Optimism for a smooth Brexit lifts GBPUSD from kneejerk lows.

    • GBPUSD tests support in 1.2850 post BoE press release. Now working on bullish reversal. • EURUSD succumbs to further weakness following weak German Industrial Production + slash in European growth forecasts from EC. • AUDUSD on the defensive following...

    ...:#ffcd32; } Summary USDCAD: Dollar/CAD indeed wrestled with the 1.3180-90s early yesterday.  The market fell back below it briefly following some stronger than expected Canadian Building Permits data and some bullish EIA oil ...

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

  • (News by tags)
    Shock dovish turn in Australian monetary policy outlook punishes AUD

    • RBA’s Lowe abandons long held “next move is up” rate bias and shifts to neutral outlook. • USDCAD rallies in sympathy, but crude oil bounce off overnight lows now putting 1.3180-90s to the test. • EURUSD holds trend-line support despite poor German Fac...

    ...ure for December this morning (-1.6% MoM vs +0.3% expected), and while this led to some EURUSD selling around the 2am hour, the market held support.  We think the market’s inability to fall further here on negative news could lead to a bounce hi...

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

  • (News by tags)
    Reserve Bank of Australia delivers less dovish than expected hold on interest rates

    • AUDUSD rallies, but chart resistance in the 0.7260-70s confines market to recent range. • March crude oil fails to regain $55 in overnight trade. Falling 1% now and helping USDCAD find buyers. • EURUSD wrestling with 1.1420s pivot after decent Europea...

    ...cal outlook, but some decent Services PMI prints out of France, Germany and the Eurozone this morning appears to be helping the market recover a bit.  Some headlines have just crossed from Reuters (see below), which is now putting upside pressure on t...

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

  • (News by tags)
    Broad USD demand from post ISM beat spills over into quiet start to the week.

    ...day’s lows following weaker than expected UK Construction PMI. • USDCAD find bid as oil prices fall back below $55. • Chinese markets closed for week-long Lunar New Year holidays.

    ...nd-color:#fff; line-height:200%; } #calendar tr:hover { background-color:#ffcd32; } Summary USDCAD: FX markets are off to a quiet start this morning as China starts its week-long, Lunar New Year holiday.  The broader USD is trading...

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

  • (News by tags)
    US payrolls on deck. Traders expecting 165k jobs gained in January.

    • Sterling taking a leg lower after weaker than expected Manufacturing PMI. • EURUSD shrugs off weak pan-European manufacturing PMIs. Talk of large EURGBP buyer making the rounds. • AUDUSD nursing back losses from weaker than expected Chinese Caixin Man...

    ...lers will emerge again at chart resistance in the 1.3220s.  A disappointing  number, however, could very well see the market relinquish the 1.3120s and make a bee line for the next major support levels in the 1.3050-80 area. EURUSD:...

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

  • (News by tags)
    Patient Fed roils the USD. US/China trade talks going well, but deal not expected this week. US payrolls report on deck for tomorrow.

    • USDCAD collapses to mid-November lows. Mediocre Canadian data points from this morning supporting for now. • Post Fed EURUSD gains capped by chart resistance and poor European data. Italy went into recession in Q4 2018. • GBPUSD struggling with chart...

    ...mplied funds rate for all the way out to May 2020, suggesting rate hikes are now completely off the table in the US.  The stock market loved the news, rallying strongly to a new high on the year.  Bond fund manager Jeffrey Gundlach slammed Powell saying he...

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

  • (News by tags)
    Brexit in focus once again today. UK Parliament to vote on key amendments at 2pmET.

    • Cooper amendment seeks to delay Brexit. Brady amendment seeks to confirm UK’s need to renegotiate Irish backstop. • EURUSD struggling to break out, despite breach of chart resistance and new 6 month high in gold prices. • AUDUSD wonders ahead of Austr...

    ... still not seeing the kind of positive momentum that would encourage EUR buyers to chase.  One could make the argument that the market has already priced in a dovish FOMC meeting for tomorrow, and so the USD bears may not want to get ahead of themselves he...

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

  • (News by tags)
    USD stabilizes ahead of very busy week ahead

    • Brexit Plan B + Cooper amendment being voted on tomorrow in the UK. • FOMC expected to keep rates unchanged on Wednesday. Talk of the need to slow balance sheet normalization now making the rounds. • US/China resume trade talks in Washington on Wed/Th...

    ...ing as crude oil prices go offered to start the week and the Chinese yuan pulls back from 6 month highs made overnight, but the market is still trading a far cry from Friday’s opening levels.  The 1.3270s and 1.3290s (formally support levels on ...

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

  • (News by tags)
    ECB leaves rates and forward guidance unchanged as expected. Press conference now underway.

    • EURUSD slumped overnight amid weak Markit PMI data out of Europe. • Sterling backing up with EUR. Theresa May continues to fight Brexit delay attempts. • USDCAD retesting key chart resistance on broad USD strength + hangover from weak Retail Sales. ...

    ...#ffcd32; } Summary USDCAD: Dollar/CAD is drifting higher this morning as some broad USD buying sweeps over markets.  Weakness in AUDUSD led the way in Asian trading overnight, and we’re now seeing EURUSD come off hard ahead of the ECB ...

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

  • (News by tags)
    [CMTA Template] Mild risk-off tone to equities pressures oil and lifts USDCAD in NY trade

    • USDCAD chart resistance in the 1.3310-20s becoming pivotal. • EURUSD teeters on chart support in the 1.1350-60s. German ZEW misses estimates. • GBPUSD trading mixed, toying with both sides of 1.2900 level after upbeat UK wage growth. • AUDUSD slips f...

    ...way in early European trade today, but it’s becoming relevant once again as some broad USD selling ahead of NY trade pushes the market back below it.  We think this level becomes the pivot for today’s USDCAD price action.  Trade back above it and the marke...

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

  • (News by tags)
    Brexit headlines whip sterling around in otherwise quiet start to the week

    • Big week ahead features US Mid-term elections and the FOMC meeting on Thursday. • EU to propose disciplining Italy over its budget. • Bank of Canada’s Stephen Poloz speaking now before UK Chamber of Commerce. • RBA meets tonight with no changes to ...

    ...ring NY trade this morning with a directionless tone as the broader USD trades quietly.  This week could be an eventful one for markets, with the US mid-term elections tomorrow night and the FOMC meeting on Thursday being the key features.  We’ll also get ...

    Tags: currency exchange international,exchange bank of canada,ebcfx,currency market trend analysis,usd,gbp,eur,cad,currency news,foreign currency market analysis,currency market rates

  • (News by tags)
    Currency Market Trend Analysis: May 14, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...arket Pro 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. Sign Up About the Author Remon Shehata - Data Analys...

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

  • (News by tags)
    Currency Market Trend Analysis: May 7, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ... the election is final. In Canada the housing sector has been getting more and more attention especially with how Toronto’s market has been. Housing starts are expected to decline while building permits are expected to increase and help the recovery of...

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

  • (News by tags)
    Currency Market Trend Analysis: April 30, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...arket Pro 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. Sign Up About the Author Remon Shehata - Data Analys...

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

  • (News by tags)
    Currency Market Trend Analysis: April 24, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...dropped by 150bps. Also comments by Bank of England Governor, Michael Saunders, caused pressure on the GBP. We will see how the market reacts to the following economic data to be released.   1. CBI Industrial Trends Survey: Tuesday, April...

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

  • (News by tags)
    Currency Market Trend Analysis: April 10, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...0.88% with better than expected jobs in March and a NAFTA agreement being close to being completed. With Canada’s job market outcome better than expected it brought the CAD recovery from a 1-month low. With the housing market data coming up this ...

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

  • (News by tags)
    Currency Market Trend Analysis: April 4, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...o 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. Sign Up About the Author Remon Shehata - Data Analys...

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

  • (News by tags)
    Currency Market Trend Analysis: March 27, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...h CPI increasing by 0.6% along with inflation rates climb to 2.2% the central bank may be sticking to its stance on letting the market adjust naturally before getting involved. Now that Trump has officially exempted Canada from the steel and aluminum tarif...

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

  • (News by tags)
    Currency Market Trend Analysis: March 19, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...2307 and closed at 1.2296 – depreciating by 0.09%. With the release of January trade balance being less then what the market expected it seems like the EUR has limited demand at this time. Depending on the outcome of the Brexit talks and also wha...

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

  • (News by tags)
    Currency Market Trend Analysis: March 13, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...o 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. Sign Up About the Author Remon Shehata - Data Analys...

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

  • (News by tags)
    Currency Market Trend Analysis: March 5, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...; depreciating by 1.19% as politics weighed, and hard-Brexit fears were stroked. Brexit dominated the news, and the GBP/USD market this past week. The issue of the North Ireland border flared up, and tensions seem to be rising. EU chief negotiation Bar...

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

  • (News by tags)
    Currency Market Trend Analysis: February 28, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...e Canadian economy’s standing. NAFTA-related news, as well as the Canadian GDP will likely be the main drivers of CAD/USD market movement this week.   1. Current Account (Q4): Thursday, March 1st 2. Markit Manufacturing PMI (Feb): Th...

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

  • (News by tags)
    Currency Market Trend Analysis: February 20, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ... likely that PSD members will approve the coalition deal. This week will see a wide release of economic data for the common market. Of particular note will be the German PPI, Markit Manufacturing/Service PMI’s, and the EMU CPI.    ...

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

  • (News by tags)
    Currency Market Trend Analysis: February 13, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...o 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. Sign Up About the Author  Collin...

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

  • (News by tags)
    Currency Market Trend Analysis: February 5, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ... inflation from 2.1% to 1.9% YoY. These data were partially balanced by a respectable monthly GDP growth of 0.4% - in-line with market expectations. The commodity-sensitive Loonie was weighed down further by sliding oil prices triggered by an announced exp...

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

  • (News by tags)
    Currency Market Trend Analysis: January 31, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...the comments were taken out of context, though many remain unconvinced. This will be a data-light week for the GBP, leaving markets to look to US politics and data releases for impetus.   1. Consumer Credit/Mortgage Approvals (Dec): Tuesda...

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

  • (News by tags)
    Currency Market Trend Analysis: January 22, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...sh Pound GBP/USD opened last week at 1.3727 and closed at 1.3855 – appreciating by 0.94% despite middling UK data, as markets reacted to the US government shutdown. The Sterling had a rough start to the week, with the UK’s largest const...

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

  • (News by tags)
    Currency Market Trend Analysis: January 16, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...k by a strong jobs reports; hourly earnings jumped 2.9%, and 78.6k jobs were created against an expectation of 2k. As a result, markets are now pricing in a greater than 2/3 chance of a rate hike at the January BoC meeting. NAFTA-related concerns escal...

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

  • (News by tags)
    Currency Market Trend Analysis: January 8, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...). The change in trade balance was due to large increases in both imports and exports. In response to lowered unemployment, markets have increased their expectations for a Jan rate hike, (now approaching 2/3). This % may be over-zealous – the BoC has e...

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

  • (News by tags)
    Currency Market Trend Analysis: January 3, 2018

    Here are the market highlights for some major currencies for this upcoming week.

    ...I broke above $60 and US data disappointed. This was a relatively quiet week for the CAD due to the holiday season, leaving market impetus to external factors. The CAD was underpinned early in the week by reports that Libya lost around 90,000 barrels p...

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

  • (News by tags)
    Currency Market Trend Analysis: December 27, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ..., but was overshadowed by a downward revision of US Q3 GDP growth. Last week offered a respite from Brexit updates, leaving markets to focus on data and foreign politics. UK data came in mixed, with the current account deficit narrowing less-than-expec...

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

  • (News by tags)
    Currency Market Trend Analysis: December 18, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...ations looming and the full effects of Trudeau’s stimulus unknown, a rate hike before March is unlikely. In the mean-time markets will look to inflation, household debt, and consumer demand for impetus.  1. CPI (Nov): Thursday, December 21st...

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

  • (News by tags)
    Currency Market Trend Analysis: December 12, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...r The CAD opened last week at 0.7885 and closed at 0.7786 - depreciating against the USD by 1.25% as crude faltered and the markets reacted to a dovish BoC statement. Early in the week, Canadian employment, trade deficit, and GDP figures surprised ...

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

  • (News by tags)
    Currency Market Trend Analysis: December 4, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...bn Euros – but aims to pay less than half. Though the article was vague on the details of how this payment will play out, markets reacted positively – with many interpreting this as an important step forward for Brexit negotiations. The UK gove...

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

  • (News by tags)
    Currency Market Trend Analysis: November 27, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...o 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. Sign Up About the Author  Collin...

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

  • (News by tags)
    Currency Market Trend Analysis: November 22, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...o 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. Sign Up About the Author  Collin...

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

  • (News by tags)
    Currency Market Trend Analysis: November 13, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...redicted to grow by 1.3% in 2018, down from 1.8% in 2017, assuming that the EU trade relationship remains unchanged. The 3-year market-implied BoE policy rates currently sits at 1.00%. If the UK price indexes come in above expectation, we could see some sl...

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

  • (News by tags)
    Currency Market Trend Analysis: November 6, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...adian Dollar Opened last week at 0.7809 and closed at 0.7838. The CAD appreciated by 0.38% against the USD, as US labor market data disappointed, and Canadian employment rose above expectations. The CAD’s move up at the week’s end was further suppo...

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

  • (News by tags)
    Currency Market Trend Analysis: October 30, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ... softening oil prices. This news was balanced in-part by a positively revised GDP forecast, citing slack remaining in the labor market which could support growth without adding inflationary pressure. BoC Governor Poloz stated that the bank is more preo...

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

  • (News by tags)
    Currency Market Trend Analysis: October 24, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ... while retail sales contracted 0.3% and sales excluding the auto sector dropped 0.7% MoM, both below expectations. As a result, market expectations for a rate hike before year end have been cut from 80% to 53%. These data-related woes were exacerbated by T...

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

  • (News by tags)
    Currency Market Trend Analysis: October 16, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...ly by US data releases. Any announcement from the Trump administration regarding new Fed chair appointments could see increased market movements.  1. BoC Business Outlook Survey: Monday, October 16th 2. CPI (Sep): Friday, October 20th   ...

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

  • (News by tags)
    Currency Market Trend Analysis: October 10, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...arket Pro 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. Sign Up About the Author  Collin McAl...

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

  • (News by tags)
    Currency Market Trend Analysis: September 25, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...ght week for the CAD, with BoC Governor Poloz’s Speech on Wednesday being the highlight. With few events on the calendar, markets are likely to look to turn their attention to the large volume US data releasing this week. Short-term movements will de...

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

  • (News by tags)
    Currency Market Trend Analysis: September 18, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...ee evidence that up to two additional rate hikes may follow in 2018. This week will continue to be data-light for the CAD, with markets looking towards the CPI/PPI data to be released Friday. Higher-than-expected CPI/PPI growth would further support a BoC ...

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

  • (News by tags)
    Currency Market Trend Analysis: September 12, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...arket Pro 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. Sign Up About the Author  Collin McAl...

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

  • (News by tags)
    Currency Market Trend Analysis: September 5, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...ing oil prices and a Canadian Q2 GDP print of 4.5%. Canadian economic data continues to come in positive, and labor and housing market projections indicate that inflation will continue to build. Due to these factors, the market is currently pricing in a 50...

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

  • (News by tags)
    Currency Market Trend Analysis: August 30, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...e need for patience and prudence in response to weakened inflationary pressure. Despite Draghi’s continued cautionary comments, market expectations for EMU tapering have been steadily increasing. At the Jackson Hole Symposium Draghi warned against the risk...

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    Currency Market Trend Analysis: August 22, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ... Opened last week at 1.3010 and closed at 1.2845.  The GBP depreciated 1.27% versus USD last week, after mixed data reduced market expectations for a BoE rate hike. UK wage growth beat expectations (estimated at 2.1%), but is still exceeded by inflatio...

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    Currency Market Trend Analysis: August 15, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...reciation occurred amidst narrowing two-year US-Canadian swap rates. Oil prices and soft Canadian economic data have reigned in market expectations of BoC tightening. Market expectations currently favor an October rate hike. I am neutral on CAD/USD in the ...

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    Currency Market Trend Analysis: August 7, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...arket Pro 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. Sign Up About the Author  Collin McAl...

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    Currency Market Trend Analysis: July 31, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...ption data has reduced expectations for US rate hikes in the near-term. This has spurred trading against the USD in the options markets, exacerbating recent downwards pressure.  This will be a data-light week for the CAD. The CAD may currently be overb...

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    Currency Market Trend Analysis: July 24, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...arket Pro 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. Sign Up About the Author  Collin McAl...

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    Currency Market Trend Analysis: July 17, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...o 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. Sign Up About the Author  Collin...

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    Currency Market Trend Analysis: July 10, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ... past year. It is expected that the BoC will announce a 25bp rate hike on Wednesday. This hike has been largely priced into the market – expect the CAD to hold fairly steady over the next week, with slight appreciation a possibility.       1. BoC M...

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    Currency Market Trend Analysis: July 3, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...o 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. Sign Up About the Author  Ryan G...

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    Currency Market Trend Analysis: June 26, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...o 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. Sign Up About the Author  Collin...

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    Currency Market Trend Analysis: June 19, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...o 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. Sign Up About the Author  Collin...

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    Currency Market Trend Analysis: June 12, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...ish Pound The GBP opened last week at 1.2888 and closed at 1.2737. The GBP fell 1.17% against the USD last week, as the market reacted to a hung parliament, political uncertainty, and a broad selling of tech stocks. Markets seem to be concluding th...

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    Currency Market Trend Analysis: June 5, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...o 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. Sign Up About the Author  Collin...

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    Currency Market Trend Analysis: March 27, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...m term range. Last week’s major news highlight was the failure to pass the US Healthcare bill which could negatively impact markets as the uncertainty of future tax reform and infrastructure spending bills come into play. For this week, we have Ban...

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    Currency Market Trend Analysis: March 20, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...g positive economic data. Last week’s highlight was of course the Fed’s rate hike which was anticipated and priced into the markets. The general US dollar weakness that followed was primarily due to FOMC statements stating “the timing of the next rate ...

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    Currency Market Trend Analysis: February 20, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...arket Pro 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. Sign Up About the Author  Ganesh Pers...

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    Currency Market Trend Analysis: February 13, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...ar strength from Trump’s indication that a “phenomenal tax plan” is in the works for both corporations and individuals. The markets will also be keeping a close eye on what is discussed (or tweeted) when PM Trudeau and President Trump meet on Monday fo...

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    Currency Market Trend Analysis: February 06, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...l weakness in the US dollar along with some good European data to end up closing higher at 1.0785. The US dollar slumped as markets saw a huge risk for potential trade wars as President Trump accused Germany, China and Japan of keeping their currencies...

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    Currency Market Trend Analysis: January 30, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ... a statement by taking the US out of the TPP and are now looking to renegotiate NAFTA. This move would create a great amount of market uncertainty and lead to a potential trade war between Canada, Mexico and the US, which will not be good for any country. ...

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    Currency Market Trend Analysis: January 23, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...o 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. Sign Up About the Author  Ganesh...

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    Currency Market Trend Analysis: January 16, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...sing just above 1.31, the Canadian dollar continues to move upwards against the US dollar as President-elect Trump disappointed markets with a press conference that lacked specifics. Domestic risk remains elevated throughout the week as we look to Wedn...

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    Currency Market Trend Analysis: January 09, 2017

    Here are the market highlights for some major currencies for this upcoming week.

    ...ad of the January 18 Bank of Canada policy decision. There are four key events to watch this week which could influence the market.   BoC Business Outlook Survey:  This survey is released on Monday and provides a snapshot of general business co...

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    Currency Market Trend Analysis: October 31, 2016

    Here are the market highlights for some major currencies over the last week.

    ...net Yellen pointed out during the Fed meeting on Friday “Indeed, in light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has str...

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    Currency Market Trend Analysis: August 29, 2016

    Here are the market highlights for some major currencies over the last week.

    ... as Janet Yellen pointed out during the Fed meeting on Friday “Indeed, in light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has str...

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    Currency Market Trend Analysis: August 22, 2016

    Here are the market highlights for some major currencies over the last week.

    ...gn: left; } Currency Exchange Reference Rates CXI publishes U.S. dollar foreign exchange reference rates, or interbank market rates, for seven currencies as market indicators only. These reference rates are only meant to be used for information pu...

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    Currency Market Trend Analysis: August 15, 2016

    Here are the market highlights for some major currencies over the last week.

    ...gn: left; } Currency Exchange Reference Rates CXI publishes U.S. dollar foreign exchange reference rates, or interbank market rates, for seven currencies as market indicators only. These reference rates are only meant to be used for information pu...

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    Currency Market Trend Analysis: August 8, 2016

    Here are the market highlights for some major currencies over the last week.

      p{ text-align: left; } USD - U.S. Dollar A new robust report on Friday revealed U.S. jobs report ignited a dollar rally as it helped minimize economic worries, and brought new hope into Fed rate hike expectations which had recently been ...

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    Currency Market Trend Analysis: August 1, 2016

    Here are the market highlights for some major currencies.

      p{ text-align: left; } USD - U.S. Dollar The dollar is recovering from one of the worst weeks it has had in three months. Due to reports showing the U.S. economy grew at a flat annual rate of 1.2 percent during the second quarter, a...

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    Currency Market Trend Analysis: July 25, 2016

    Here are the market highlights for some major currencies.

      p{ text-align: justify; } USD - U.S. Dollar The dollar is steady against the euro and yen, but it could face some changes after the Federal Reserve meeting on Wednesday, July 27 and the Bank of Japan meeting on Friday, July 29. ...

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    Currency Market Trend Analysis: July 18, 2016

    Here are the market highlights for some major currencies.

      p{ text-align: justify; } USD - U.S. Dollar The dollar continues to show strength at a steady pace against other currencies, but uncertainty could surface as political components take center stage over the next couple of weeks. Meanw...

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    Currency Market Trend Analysis: July 11, 2016

    These are the market highlights for some foreign currencies.

    ...t the U.S. Bureau of Labor Statistics released on Friday. Making USD the biggest gainer against other foreign currencies in the market. In the meantime, it raises the question on whether or not a rate hike by the Fed over the next couple of months will...

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    US/China trade talk optimism leads the Chinese yuan and commodity currencies higher into NY trade. FOMC meeting at 2pmET.

    • No change in interest rates expected from the Fed. Traders will focus on pace of balance sheet unwind. • Sterling on the defensive following defeat of Cooper amendment/passage of Brady amendment. Theresa May must now go back to Brussels. • AUDUSD out...

    ...e in the long USD camp.  Sellers were invited back in with the move back below the 1.3270s and they’ve been content to push the market lower ever since.  Some broad demand for commodities and commodity/trade sensitive currencies is not helping the cause fo...

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