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  • (News by tags)
    draft 10/4

    draft

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY GBP continues its “pathwa...

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

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    Surge in Brexit & China deal optimism leads to broad "risk-on" flows. Canada reports blowout jobs number.

    ...es a breather. USDCNH holding 7.0920s. • USDJPY meeting sellers at 108.40s as US 10yr yields stall into NY trade. • Canadian markets closed on Monday for Thanksgiving holiday.

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY GBP continues its “pathway to a...

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

  • (News by tags)
    Whose head is spinning?

    • Conflicting US/China trade headlines make overnight trading chaotic. Risk-on now in full effect though after NY open. • US 10s back above 1.60%. German bunds back above -0.50%. Positive US/China trade headline on the way? • USDJPY surging back above...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Conflicting US/China trade headline...

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

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    Powell announces the need to add more bank reserves, but it won't be QE.

    ...ed to expand balance sheet. • Powell: “Growth of balance sheet for reserve purposes should not be confused with QE”. • Global markets in better mood following some positive US/China trade headlines. • USDJPY and CNH are the biggest benefactors today, bu...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Powell: “Time is now upon us” for F...

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    Negative Brexit & US/China trade headlines hit risk appetite

    • US blacklists 28 Chinese tech companies. China says “stay tuned” for retaliation strikes. • Chinese delegation might cut Washington trip short this week. Vice Premier not “special envoy” (SCMP). • GBP tanks after Boris Johnson tells Angela Merkel Bre...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • US blacklists 28 Chinese tech compa...

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    China increasingly reluctant to agree to a broad trade deal with the US

    • Markets go mildly “risk-off” at the Sunday open, but recover. US/China talks to resume on Thursday. • November crude oil rallies 1% back above $53, pressures USDCAD into NY open. • EURUSD shakes off weak German Industrial Orders data, trade back above...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Markets go mildly “risk-off” at the...

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    Traders bracing for weak US September NFP numbers

    • Market expecting +145k jobs created, but chatter suggests it could be even less. • “Fed rate cut trade” poised to end the week on a high note after weak US data. • EURUSD and AUDUSD knocking at chart resistance, while USDJPY searching for support. • U...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Market expecting +145k jobs cr...

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    Dismal US ISM report invigorates Fed rate cut trade

    Bonds, Dec Eurodollars futures, gold and JPY all continue to trade higher. US ADP Employment Report for Sep misses expectations: +135k vs +140k. August ADP job gains revised lower by 38k. EURUSD resumes higher after blip lower from IFO’s German GDP down...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY Bonds, Dec Eurodollars futures, gold ...

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    Reserve Bank of Australia cuts interest rates for the third time this year

    ...for July helping. • EURUSD trying to bounce after slightly better than expected final Manufacturing PMI out of Germany. • GBP market doesn’t appear to have faith in Boris Johnson’s new Irish border proposal. • Poor JGB auction in Japan spokes Japanese b...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • RBA cuts rates by 25bp to 0.75%, leaves ...

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    EURUSD trades to new 2 year low

    • Weak technicals, mediocre German data, option expiries weighing on EUR. • Sterling holds 1.2290s support after mild beat on Q2 annualized GDP. • AUDUSD very quiet ahead of RBA interest rate decision tonight at 12:30amET. • USDCAD buyers return after o...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY   • Weak technicals, mediocre German data, opt...

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    Nancy Pelosi announces impeachment "inquiry" against Trump

    ...es clear path forward on Brexit post Supreme Court ruling. • USDCAD bounces, led by broad USD strength and more selling in oil markets. • EURUSD backs off 1.1020s, but massive 1.1000 option expiry likely to support into tomorrow. • EIA oil inventory rep...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Trump calls Democrat’s bluff.  Will rele...

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    UK Supreme Court rules suspension of UK parliament was unlawful

    • Boris Johnson suffers another defeat, but the market likes it. GBPUSD rallies 50pts. • Sterling rally and topside option expiries help EURUSD shake off mixed German IFO report. • RBA’s Low says the Australian economy had reached a “gentle turning poin...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Boris Johnson suffers another defeat, bu...

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    Germany's manufacturing PMI prints a new 10yr low this morning

    • EURUSD falls 50pts. Bund yield drop 6bp. German recession fears get dialed up a notch. • Risk-off flows knock S&Ps, USDJPY and oil prices lower. • USDCAD still struggling at 1.3300 chart resistance level. AUDUSD holding Friday’s lows. • GBPUSD drag...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY EURUSD falls 50pts.  Bund yield drop ...

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    Canadian Retail Sales on deck

    • Market consensus is +0.6% MoM, +0.3% ex. Autos. • Traders also watching results of NY Fed’s latest repo operation. $75blnUSD to be offered overnight again today. • Sterling reversing yesterday’s upside breakout as traders await Juncker’s full intervie...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Market consensus is +0.6% MoM, +0.3...

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    Powell disappoints markets again by brushing off repo mess

    ...ly taking a hit. Bond yields and USD lower, gold higher. • NY Fed completes another 75blnUSD injection of liquidity into repo markets. Now 203bln in 3 days! • USDCAD backs off 1.3300 level, with Pompeo saber rattling giving oil prices a bid. • EURUSD ...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Fed rate cut recovers though after ...

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    Repo goes berserko

    • US overnight treasury repo rates skyrocket to 7-10%, sparking bank liquidity fears. • No spillover effect into bond markets so far with US treasury and bund yields steady. • AUDUSD falls below 0.6855 channel support after dovish sounding RBA Minutes. ...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • US overnight treasury repo rates sk...

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    Oil markets spike 15-20% higher after weekend attack on Saudi Arabia shuts down 50% of production

    ...t admits return to normal “may take months” (Reuters). • USDCAD, USDJPY and S&P futures gap lower, but sense of calm return to markets as oil traders fade sessions highs. • EURUSD slumps after disappointing NY close on Friday, angst ahead Fed’s rate deci...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • US Secretary of State Pompeo quick to bl...

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    EUR violently reverses higher post ECB press conference.

    • Bullish outside day forms on the EURUSD daily chart. German bund yield spikes higher. • Markets not so confident in ECB’s ability to fix what’s wrong with Europe. • GBPUSD breaks out to the upside following concessions from the UK DUP party on the Iri...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY  • Bullish outside day forms on the ...

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    Mario Draghi caves

    • ECB cuts deposit rate by 10bp. Resumes asset purchases of 20blnEUR/month, starting Nov 1st. • Calendar based forward guidance replaced with 2% inflation target. • EURUSD plunging and German bund yields falling, causing broad USD buying elsewhere. • M...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • ECB cuts deposit rate by 10bp.  Resumes ...

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    Trump says Fed "boneheads" should cut interest rates to zero "or less".

    • Jitters mount in the EURUSD options market ahead of big ECB meeting tomorrow. EUR retreats. • Boris Johnson’s proroguing of parliament ruled unlawful by Scottish court. GBP largely unphased. • AUDUSD pokes higher on Hu Xijin headline, but now reversi...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Jitters mount in the EURUSD options...

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  • (News by tags)
    FX markets quiet. UK parliament now prorogued until October 14.

    ...ick up again in Europe but struggling into NY trade. USDJPY off highs. • Canadian Housing Start and Building Permit data beat market expectations. USDCAD sellers come back. • October crude oil prices continue rally higher. Weekly API oil inventory rep...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • UK July employment report shows better t...

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  • (News by tags)
    UK July GDP surprises to the upside.

    .... • Global yields and equities higher, USD broadly weaker. • All eyes on the ECB this Thursday. Will Mario Draghi disappoint markets again? • This week’s US economic calendar features US CPI and Retail Sales data for August.

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • UK recession fears recede.  Recent GBPUS...

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    Schembri reiterates BOC's less dovish tone. China stimulates again. US & Canadian job reports on deck.

    • Canadian OIS market now pricing in just a 32% chance of a 25bp Bank of Canada rate cut in October. • USD rallies broadly after the better than expected US Non-Manufacturing ISM for August. • US and Canadian employment reports due at 8:30amET this morni...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Canadian OIS market now pricing in just ...

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    Bank of Canada keeps rates on hold, but signals nothing with regard to rate cuts

    • Disappointed markets pare Canadian rate cut bets for October. USDCAD plunges. • All eyes now on BOC Deputy BOC Governor Lawrence Schembri speech at 12pmET. • US ADP employment report for August beats expectations: +195k vs +149k • US Non-Manufacturin...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Disappointed markets pare Canadian rate...

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

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    Key technical reversals, weak US ISM, reduced "no-deal" Brexit risk propels USD lower

    • Bank of Canada rate decision up next at 10amET. • Traders expect no change to rates + more dovish tones to sow the seeds for a rate cut later this fall. • Barrage of Fedspeak on tap today as well: six Fed members speaking + Fed’s Beige Book report at 2...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Bank of Canada rate decision up next at...

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    Markets not in a good mood to start September

    ...breakdown below 1.10. • GBPUSD falls below 1.20 level, but emergency “no-deal” Brexit vote sees a relief bounce. • RBA leaves rates on hold as expected, doesn’t signal any new dovish tones. AUDUSD bounces. • USDJPY trading steady ahead of US Markit and...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • New US/China tariffs now in effect.&nbs...

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    Canadian GDP for June beats expectations

    ...SDJPY following US yields as usual. Falls back off 106.50-70 resistance as US 10s retreat from 1.54% level. • Canadian and US markets closed on Monday for Labour Day holiday.

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Canadian June GDP +0.2% MoM vs +0.1...

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    Calm remarks from China's MOFCOM sparks risk-on bid

    ...y weak German CPI and dovish comments from Christine Lagarde. • Christine Lagarde: ECB “hasn’t hit its lower bound on interest rates”. • USDCAD down earlier on global “risk-on”, now higher off broad USD demand post Lagarde. • GBPUSD traders showing se...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • MOFCOM: Opposes escalation of trade...

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    Boris Johnson asks the Queen to formally UK prorogue parliament

    • GBPUSD falls 0.7% as UK opposition leaders go into an uproar. Queen’s speech set for Oct 14. • Italy looks set to avoid elections and form a new coalition government. EURUSD traders don’t care. • USDCAD saved yesterday by deepening yield curve invers...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • GBPUSD falls 0.7% as UK opposition ...

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  • (News by tags)
    GBP resumes rally following joint statement from UK opposition to stop a "no-deal" Brexit.

    • Euro continues on the defensive, with German economic woes and Italian political anxiety weighing. • Commodity currencies outperformed yesterday following Trump-driven ramp to risk assets. • AUDUSD traders looking at potential follow-through of bullish...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Euro continues on the defensive, wi...

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    Dazed and confused.

    • Traders try to make sense of this weekend’s surreal US/China trade headlines. • Markets go risk-off at Sunday open following late Friday Trump tariff increase on China. • Comments from China’s Liu He appear to restore calm in Europe. Trump says “two v...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Traders try to make sense of this w...

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    China announces retaliatory tariffs on the US. Over to you now Jerome Powell.

    ...pain”. • Canadian Retail Sales beat: 0.0% MoM vs -0.3% on the headline, +0.9% vs 0.0% Ex autos. • Fed’s Bullard said lowering rates would help the FOMC hit its inflation target (CNBC) • All eyes on Jerome Powell speech at Jackson Hole symposium at 10amE...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • China to levy retaliatory tari...

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  • (News by tags)
    FOMC Minutes stoke confusion, but "Fed rate cut trade" unwinds a bit further.

    • Bond, Eurodollar and gold futures all lower post FOMC Minutes. USDJPY back at yesterday’s session highs. • Germany reports better headline Manufacturing PMI for August, but report shows weak internals. • EURUSD whipsaws above and below 1.1090s follo...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Bond, Eurodollar and gold futures a...

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  • (News by tags)
    Positive Brexit comments from Angela Merkel leads to broad USD sales yesterday. FOMC Minutes on deck.

    • Merkel on the Irish backstop: “we will think about practical solutions”…“we have made our offer to work closely”. • Broad USD sales reverse a bit in Europe following negative comments from other German officials. • October oil prices break above 56.50....

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Merkel on the Irish backstop: “we w...

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  • (News by tags)
    Broader USD trading quietly, building upon yesterday's gains.

    • EURUSD gives up trying to hold 1.1100 level. German bund yields back down to -0.70%. • GBPUSD back in sell mode after the EU’s Tusk rejects Boris Johnson’s demand to remove backstop. • RBA Minutes don’t offer new monetary policy clues. AUDUSD still p...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • EURUSD gives up trying to hold 1.11...

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    Risk bid in quiet start to the week. Powell speaks at Jackson Hole on Friday.

    • Markets continuing Friday’s “risk-on” move from Speigel report: German ready for deficit spending if recession hits. • Fed rate cut trade also dialing back bets ahead of speech from Jerome Powell at Jackson Hole. • Bundesbank sees risk of Germany enter...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Markets continuing Friday&rsqu...

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    Global risk tone relaxing a bit as US 10s2s spread trades wider, back above zero.

    ...pon Australian job report gains, with EUR and copper sales likely weighing. • OPEC lowers 2019 oil demand forecast in July oil market report. Saudi production now back down to March 2014 levels. • USDCAD range-trading between 1.3280s and 1.3320s, with l...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • S&P futures +26.  Bon...

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    China hopes US will meet it half way. US Retail Sales, Philly Fed and Empire Survey all beat expectations.

    • China threatens tariff retaliation but then says it hopes US will meet it half way on trade. • Risk assets gyrate in overnight trade, but positive US economic data gives sense of optimism for NY trade. • Sterling outperforming after UK Retail Sales for...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • China threatens tariff retaliation ...

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    Recession fears grow as the 10s2s yield curves go inverted in the UK and the US

    • Global “risk-off” in full effect this morning. Stocks/oil down while bonds/gold/Eurodollars/USD up. • Bad July Chinese Industrial Production/Retail Sales data, German Q2 GDP contraction add to doom and gloom sentiment. • Sterling finds bid after bette...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Global “risk-off” in full effect th...

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  • (News by tags)
    German ZEW misses. US CPI beats. USDCNH steady.

    • German July ZEW misses: Current Situation -14.5 vs -7.0 exp. Expectations Index -44.1 vs -28.5 exp. • US July CPI beats on the headline: +1.8% YoY vs. +1.7% exp, but wage growth disappoints MoM. • EURUSD traders shake off weak German data, so far shak...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • German July ZEW misses: Current Sit...

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    The Fed disappoints the uber doves but US/China trade war escalation sees global interest rates resume downtrend

    ...nterest rates by 25bp, cites cut as insurance, mid-cycle adjustment and not the start of a rate cutting cycle. • Interest rate markets collectively say “ya-right” the next day and resume downward trend. • Trump threatens new 10% tariff on $300bln of Chin...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Fed cuts interest rates by 25bp, ci...

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    Mario Draghi disappoints the doves, leads to Fed rate cut jitters ahead of next week's FOMC meeting.

    ...ven discussed. • ECB exploring options to reinforce its forward guidance on policy rates. • Fed rate cut trade takes a hit as markets fear Powell might disappoint next week as well. • USD breaks higher while bonds, gold and Eurodollars trade lower. • A...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • ECB keeps deposit rate unchanged at...

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  • (News by tags)
    German Manufacturing "in freefall" according to IFO. Over to you Mario Draghi.

    ... trying to regain 1.1140s. • US Durable Goods Orders for June at 8:30amET. Traders expecting +0.7% MoM. • Boris Johnson reiterates “absolute commitment” to UK leaving the EU on Oct 31st, with or without a deal. • RBA’s Lowe: “reasonable to expect an ex...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • July German IFO survey: 92.2 vs 94....

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  • (News by tags)
    Germany's flash PMI for July surprises to the downside again

    • German flash PMI (July) misses: 51.4 vs 52.3 exp. 52.6 prev. • Eurozone flash PMI (July) misses: 51.5 vs 52.1 exp. 52.2 prev. • German bund yield back down to -0.38%. EURUSD pressuring 1.1130-40s chart support. • AUDUSD losses 0.7000 support in Asia...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • German flash PMI (July) misses...

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    Boris Johnson becomes new UK Prime Minister

    • GBPUSD gyrates a little bit after the announcement, but not much has changed re: Brexit. • “Fed-rate cut trade” unwinds a little further. EURUSD and AUDUSD slump after poor technical closes in NY yesterday. • USDCAD continues higher, with broad USD de...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • GBPUSD gyrates a little bit after t...

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    Fed enters blackout period ahead of next week's meeting

    ...OMC meeting on July 31st. • Fed rate cut trade still licking its wounds after Friday’s reversal of Thursday’s breakout. • Oil markets taking Iran’s seizure of UK-flagged Stena Impero in stride. • Canadian Wholesale Sales data for May disappoints. Follo...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY  • No Fed members can speak until FOM...

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    Fed's Williams goes uber dovish yesterday. NY Fed and Bullard try to dial it back.

    • Embarrassing Williams fiasco sees “Fed rate cut trade” explode higher, then retrace. • EURUSD and Italian markets fretting about possible snap election in Italy. • Canadian Retail Sales for May miss expectations: -0.1% MoM vs +0.3%. • Fed’d Bullard to...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Embarrassing Williams fiasco sees “...

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    EU's Barnier "ready to work on alternative arrangements” regarding the Irish border

    • GBP rallies across the board. Lawmakers now voting on plan to make it difficult for future PM to prorogue parliament. • EUR sells off following Bloomberg report about ECB studying revamp of inflation mandate. • Crude catches a bid following reports of...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • GBP rallies across the board.  Lawm...

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    Positive talk on Iran clubs oil prices yesterday, lifts CAD crosses

    • USDCAD back near 1.3070s pivot. EURCAD back above 1.4640s. • Canada reports mildly weaker CPI report for June. May Manufacturing Sales miss expectations. • US reports weaker than expected June Housing Start and Building Permit data. • GBP looks the ...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • USDCAD back near 1.3070s pivot.  EU...

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  • (News by tags)
    Boris Johnson & Jeremy Hunt declare Irish backstop dead

    • GBPUSD plunges to Jan 3rd flash crash lows. EURGBP finally breaks above 0.9000. • German ZEW for July MISSES: -24.5 vs -22.3 for Economic Sentiment and -1.1 vs +5.0 for Current Situation. • EURUSD falling with GBPUSD and EURJPY cross sales. • US Reta...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • GBPUSD plunges to Jan 3rd flash cra...

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  • (News by tags)
    Upbeat Chinese industrial production data for June lifts CNH and commodity currencies

    ... week ending July 9, trim AUDUSD short positions • USDJPY back under pressure as 108.10 support gives way on Friday. Japanese markets closed for Marine Day today. • Powell speech, German ZEW, Australian jobs, UK CPI/Retail Sales, Canadian CPI/Retail sal...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • China June Industrial Production +6...

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    Rally in bund yields, hotter US inflation data and not-so-dovish Fed-speak stifles Fed rate-cut trade

    • German bund yield extends to new 2 week highs of -0.23%. • Fed’s Barkin, Bostic and Quarles speak more positively about US domestic outlook. • Broader USD mixed, with commodity currencies extending post Powell gains, while EUR and GBP lag. • State of ...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • German bund yield extends to new 2 ...

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  • (News by tags)
    Everyone's blaming it on trade tensions. Could it be something more?

    ...more airtime than expected. • August crude oil surges 4% following bullish EIA inventory data. Tropical storm Barry adding to market bid. • US CPI reports June CPI in-line with expectations of +1.6% YoY. Core measure BEATS, +2.1% YoY vs +2.0% exp. • ...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Powell cites increased risks o...

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    All eyes on Powell at 10amET. Text of testimony to be released at 8:30amET.

    • Bank of Canada interest rate decision and Monetary Policy Report at 10amET as well. Press conference at 10:15amET. • USDCAD overnight options pricing predicting 70-80pt intra-day range. • August crude 2% higher after weekly API reports shows larger th...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Bank of Canada interest rate decisi...

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  • (News by tags)
    Fed rate-cut trade get nervous ahead of Powell testimony

    ...n. USD broadly higher. • Sterling takes out chart support at 1.2500, trades to new 6 month lows. Funds continue to short the market. • EURUSD getting dragged lower as ECB bond buying talk makes the rounds again. Funds covered shorts during week ending...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • US treasuries, Eurodollar futures, and g...

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    FX markets quiet. Deluge of Fed-speak on tap this week.

    ...at hold to rates are expected. • EURUSD clings to support just above 1.1200 as weak German data/strong US job report reaffirms market down-trend. • USDJPY surges higher past its G20 highs. Bond yields in focus heading into Powell testimony.

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Fed’s Powell to deliver semi-annual...

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  • (News by tags)
    The rush for global government bonds goes into overdrive

    ...as increased the downside risks to global and U.K. growth”. • ECB’s Rehn calling for more stimulus “now”. • US stock and bond markets closed today for the US Independence Day holiday. Regular hours tomorrow July 5.

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY Over $13.4 trillion in global debt now yie...

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  • (News by tags)
    Poor global manufacturing PMIs for June + renewed EU tariff threat snuff out mild G20 optimism

    ... Future tariffs on hold, US telco’s can do business with Huawei. • RBA cuts interest rates by 25bp last night, giving the bond market what it wanted. • Holiday shortened week features the US & Canadian June employment reports on Friday. • US markets wil...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • June Manufacturing PMI...

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  • (News by tags)
    Traders eyeing Canadian GDP, Business Outlook survey, G20 and OPEC ahead of long weekend

    ...intain offered tone into weekend. • Official Chinese PMIs for June out Saturday. Caixin surveys out Sunday night. • Canadian markets closed for Canada Day on Monday. OPEC meeting joint press conference at 7amET Tuesday

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Canadian April GDP expec...

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  • (News by tags)
    WSJ article sours risk mood ahead of G20

    • China’s President Xi is reportedly set to present President Trump with a set of terms. • Markets anticipate Trump to respond negatively. • USDCAD continues to struggle as oil prices make another run for $60 ahead of the OPEC meeting next week. • EURU...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • China’s President Xi is repor...

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  • (News by tags)
    Mnuchin says US/China trade deal is 90% complete...again

    • Rehash of April FT headline sees equities, bond yields, CNH and commodities currencies all higher. RNBZ keeps rates unchanged. • Gold falling 0.8% with yesterday’s bearish hammer close not helping. • US Durable Goods Orders for May come in mixed. Week...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Rehash of April FT headline s...

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  • (News by tags)
    Fedspeak Tuesday features speech from Jerome Powell at 1pmET

    • Fed’s Powell to speak at CFR in speech titled Monetary Policy Strategy, Tools and Communication Practices • Investors continue to pile into the safe havens as Iran diplomacy takes a turn for the worse. • German bund yields trade to new lows, US 10s pre...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Fed’s Powell to speak at CFR ...

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  • (News by tags)
    Trump says Fed "doesn't know what it is doing"

    • Questions still on everyone’s mind following last week’s sudden capitulation from the Fed. • EURUSD extends gains following Friday’s break above 1.1340s. Funds continue to cover shorts. • GBP and AUD traders add to shorts as charts start to bottom. •...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY  • Questions still on...

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  • (News by tags)
    The Fed just capitulated

    • FOMC gives markets what it wanted; hastily signals US rate cuts to come this summer/fall. • Powell cites increased trade uncertainty, weaker business investment, prolonged inflation shortfall. • Fed’s Bullard dissented; wanted FOMC to cut 25bp yesterda...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • FOMC gives markets what ...

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  • (News by tags)
    Fed under pressure today to cave to market's demand for rate cuts later this year

    ...dian CPI for May surprises to the upside, +2.4% YoY vs +2.1% exp. • Trump continues to put political pressure on Powell to cut rates. • GBPUSD outperforms after May UK CPI meets expectations, Labour considers major policy change. • Bank of Japan meets t...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Interest rate traders pricing in 25...

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  • (News by tags)
    Super Mario unleashes dovish surprise ahead of Fed meeting tomorrow

    • European bond yields plunge, market pricing for ECB cuts moved up 7 months. • EURUSD falls to 1.1180s support but comments from Trump & Praet help the market bounce. • AUDUSD bounces off 0.6830s support. Dovish RBA Minutes were nothing new for traders...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY European bond yields plunge, market p...

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  • (News by tags)
    US Retail Sales comes in mixed for May, but with surprise positive revisions to April data.

    ...e cut frenzy trade gets dialed back. Gold, bonds, Eurodollar off highs. USD broadly higher. • Pressure mounts for ECB to cut rates too as 5y5y inflation swap forwards trade to new lows 1.14%. • German bunds trade to new lows (-0.27%). EURUSD now break...

    ...XI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Fed rate cut frenzy trad...

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  • (News by tags)
    Oil prices surge 4% after two tankers attacked in the Gulf of Oman

    • USDCAD recedes off chart resistance in the 1.3330s, but no risk-off flows evident. Gold and JPY steady. • EURUSD testing chart support in 1.1270-80s after losing 1.1310s yesterday. • Boris Johnson shows commanding lead in Tory leadership race. Wins ...

    ...ut CXI's international payment services for businesses or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • USDCAD recedes off chart resi...

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  • (News by tags)
    Fed rate cut trade now looking for soft US May CPI figures to support

    • Traders expecting +1.9% YoY & +2.1% ex food and energy. • Crude oil continues lower after bearish APIs. Weekly EIA report out at 10:30amET. • European 5y5y inflation swap trades to new record lows, doesn’t help ECB. • Boris Johnson not aiming for no-...

    ...your global payments? Learn more about CXI FX Now or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Traders expecting +1.9% YoY & +2....

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  • (News by tags)
    Quiet FX markets await fresh catalysts. US May PPI on deck.

    ...iries in play for EURUSD and USDJPY, likely contributing to quiet ranges. • Trump slams Federal Reserve again, saying interest rates are too high. • Australia reports Consumer Confidence tonight at 8:30pmET. Chinese May CPI out at 9:30pmET.

    ...your global payments? Learn more about CXI FX Now or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Traders expecting US PPI +2.0% Yo...

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  • (News by tags)
    Mexico tariffs averted as US & Mexican negotiators reach deal

    • MXN surging 2%. Global risk-off trade reverses. Gold drops and bond yields bounce. • USDCAD still in the pits following double whammy of negative US/positive Canadian jobs data on Friday. • GBPUSD gives up post NFP gains following much weaker than ex...

    ...your global payments? Learn more about CXI FX Now or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • MXN surging 2%.  Global risk-off ...

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  • (News by tags)
    It's jobs Friday!

    ...e line in the sand. • US/Mexico trade talks in focus. White House confirms 5% tariffs still planned for Monday. • Australian markets closed on Monday for the Queen’s Birthday holiday. • Weekly CFTC update on fund positioning out at 3:30pmET today.

    ...your global payments? Learn more about CXI FX Now or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY Traders expecting +185k new j...

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

  • (News by tags)
    ECB extends "on-hold" rate guidance until 1H 2020, killing rate cut speculation heading into meeting.

    • Mario Draghi’s press conference now underway. Live link here: https://t.co/N52MkNqX25 • EUR buying leading broad USD selling into NY trade. GBP, AUD, CAD all trade higher. • USDJPY continues to struggle as US 10s, gold, Dec Euros continue to focus on...

    ...your global payments? Learn more about CXI FX Now or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Mario Draghi’s press conference now un...

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  • (News by tags)
    RBA cuts rates 25bp. Markets calm down ahead of speech from Powell.

    • Australia central bank cuts rates by 25bp to 1.25% and continues to hint at another cut by years end. • AUDUSD barely unchanged as Governor Lowe has telegraphed this outlook for over a month. • S&P futures, US yields and the broader USD bounce ahead of...

    ...global payments? Learn more about CXI FX Now or call our trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY Australia central bank cuts rates b...

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  • (News by tags)
    Gold prices and Eurodollar interest rate futures race higher to start week

    ... above 0.6935 on Friday. Bid to CNH following upbeat China Caixan number helping. • Reserve Bank of Australia expected to cut rates by 25bp tonight. • USDJPY finds buyers at 108.10s support, but remains under pressure with sinking global bond yields.

    ...stom foreign exchange trading plan? Contact us or call CXI's trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY Traders starting to seriously price...

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  • (News by tags)
    Trump to slap Mexico with 5% tariff. China readies plan to restrict rare earths.

    ...ak German data. • GBPUSD selling resumes following failure to regain 1.2620s. • AUDUSD holding up again. RBA expected to cut rates by 25bp next Tuesday. • USDJPY puts further pressure on the fund longs by collapsing below 109.20s support.

    ...stom foreign exchange trading plan? Contact us or call CXI's trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY Canadian GDP for March/Q1 comes in mixed...

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  • (News by tags)
    Bank of Canada rate decision in focus for USDCAD traders, with risk aversion flows supporting

    • Bank of Canada decision at 10amET. No press conference. No change expected with balanced outlook. • S&P futures -20. US 10s down 4bp to 2.22%. Global investors fleeing to bonds. • USD seeing broad demand, but the move is fading into NY trade. • Ge...

    ... foreign exchange trading plan? Contact us or call CXI's trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY • Bank of Canada decision at 10amET.&nb...

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  • (News by tags)
    USD trading mixed in quiet start to holiday shortened week

    • US traders returning from Memorial Day long weekend devoid of major US/China trade headlines. • USDCAD bouncing but trend-line resistance in the 1.3470s capping. • EURUSD holding support in the 1.1170s after Thursday’s gold-inspired bullish outside day...

    ...stom foreign exchange trading plan? Contact us or call CXI's trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY US traders returning from Memorial Day l...

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  • (News by tags)
    Rising US oil inventories save USDCAD. Markets in risk-off mode again today

    • China warns the US to correct wrong doings. PBOC reiterates it has the tools to keep the yuan stable. • Germany’s Markit PMI and IFO survey for May miss expectations. Eurozone Markit PMI also disappoints. • Theresa May facing cabinet mutiny as Andrea...

    ... foreign exchange trading plan? Contact us or call CXI's trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY China warns the US to correct wrong doin...

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  • (News by tags)
    Canadian core Retail Sales for March smash expectations (+1.7% MoM vs +0.9%)

    • USDCAD retreats further. Fibonacci chart support in the 1.3370s now pivotal for near term direction. • Theresa May’s Brexit gambit backfires. 1922 Committee meets at 11amET. • Talk swirling that Theresa May could be out of a job by Sunday. • Sizable...

    ... foreign exchange trading plan? Contact us or call CXI's trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY USDCAD retreats further.  Fibonacci...

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  • (News by tags)
    Hawkish comments from Poloz and lifting of US/Canada metal tariffs sees USDCAD u-turn lower

    ...in two weeks. AUDUSD retreats to fill Sunday opening gap higher following elections. • AUD selling dragging EURUSD lower, but market holding new trend-line support channel, 1.1140-70. • GBPUSD shorts covering ahead of Theresa May speech at 10amET. New...

    ...stom foreign exchange trading plan? Contact us or call CXI's trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY USDCAD now testing 1.3400 chart support....

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

  • (News by tags)
    Markets on edge once again as the Chinese reportedly lose interest in negotiating

    ...igher into 1.35s. • Australia elections on tap for tomorrow. Trump to formally decide on auto-tariff delay today. • Canadian markets closed on Monday for Victoria Day.

    ...stom foreign exchange trading plan? Contact us or call CXI's trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY China sees little sincerity in the US ap...

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  • (News by tags)
    US Housing Starts, US Philly Fed, Canadian Manufacturing Shipments all beat expectations

    • USDCAD trying to recover after planned Trump auto tariff delay sees broad USD selling yesterday. • EURUSD back on the defensive after two failed attempts to get above 1.1220s. Strong US data this morning not helping. • GBPUSD continues to be plagued b...

    ... foreign exchange trading plan? Contact us or call CXI's trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY USDCAD trying to recover after planned T...

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

  • (News by tags)
    Risk off flows back in action. US Retail Sales and Canadian CPI figures for April up next.

    • Traders expecting +0.2% MoM and +0.7% MoM ex. Autos for US Retail Sales. • Consensus looking for +0.4% MoM and +2.0% YoY for Canadian CPI. • Australian May Consumer Confidence and Q1 Wage Price Index misses expectations. • Chinese April Retail Sales a...

    ...stom foreign exchange trading plan? Contact us or call EBC's trading desk directly at 1-888-729-9716. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here.   ANALYSIS USDCAD Dollar/CAD is trading with...

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

  • (News by tags)
    Trump believes discussions with China will be very successful. Expects outcome in 3-4 weeks

    • S&Ps +20, USDJPY bounces, USDCNH off yesterday’s highs. • Italy’s Salvini giving EUR traders an excuse to sell. EURUSD decouples from gold prices for now. • Sterling toying with both sides of 1.2930s pivot, but sellers now taking over. • AUDUSD stari...

    ... foreign exchange trading plan? Contact us or call CXI's trading desk directly at 1-833-572-8933. Get real-time market coverage on twitter at @EBCTradeDesk or sign up here. ANALYSIS USDCAD Dollar/CAD is trading bid this m...

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  • (News by tags)
    US/China trade war heats up. China retaliates with $60bln in new tariffs effective June 1

    • S&Ps -60. USDCNH explodes higher once again, now above 6.90. Gold prices spiking $10 higher, lifting EURUSD. • GBPUSD following the Euro higher, albeit mildly. Trade-sensitive AUDUSD lags as copper losses 1.7%. • USDJPY collapses amid risk-off flows...

    ...olor:#fff; line-height:200%; } #calendar tr:hover { background-color:#ffcd32; } Summary USDCAD: Global markets are in risk-off mode to start the week as President Trump dials up trade tensions with China over a series of new tweets...

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  • (News by tags)
    Canadian April employment report in focus. Tariffs raised on China overnight, but US/China talks set to continue.

    • Traders expecting 10k jobs gained, +2.3% YoY growth in wages, and 5.8% on the unemployment rate. • US CPI report for April expected +2.1% YoY and +0.4% MoM. • EURUSD following gold prices over the last 24hrs. • AUDUSD higher initially post RBA Monetar...

    ...th of March this morning, but the GDP figures for the same month missed expectations.   EURGBP traders look content to keep the market glued to upcoming option expiries in the 0.8630s.  We think GBPUSD needs to get back above the 1.3030s before the selling...

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  • (News by tags)
    Markets on edge as Chinese trade delegation set to arrive in Washington today

    • S&Ps -20. USDJPY offered once again. USDCNH breaks out above the 6.82s. • USDCAD and EURCAD struggle to break 1.3500 and 1.5100 respectively. • EURUSD holding steady amid slew of option expiries at current levels. • China releases its April CPI in-l...

    ...s USD-positive “risk-off” flows compete with technical selling from upside breakout failures in USDCAD and EURCAD.  The broader markets are on edge as the Chinese trade delegation arrives in Washington today for talks.  The S&P futures are trading down 20p...

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  • (News by tags)
    China backtracked on nearly all aspects of US trade deal, according to Reuters

    • Reuters article leads to more S&P selling, but USD demand not so widespread today. • EURUSD holding up as German Industrial Production for March beats expectations. • GBPUSD notably underperforming as Tory/Labour talks appear to have broken down. • AU...

    ...here.  This has seen the S&P futures fall back below chart support at the 2886 level, after a late day bounce yesterday saw the market close above it, and this is causing some demand for the safe haven USD once again (although the buying is not as strong a...

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  • (News by tags)
    European Commission chops Germany's 2019 growth forecast in half

    ...remier Liu He to Washington after-all, but only on Thursday. • German Factory Orders for March miss expectations. • RBA holds rates steady, disappointing some AUDUSD shorts looking for a cut. • USDCAD technicals improve with move back above 1.3450s.

    ...ummary USDCAD: Dollar/CAD indeed filled its Sunday opening gap yesterday and all it took was for global stock markets to calm down following Trump’s threat to raise tariffs on China this Friday.  The sense we got from listening...

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  • (News by tags)
    Trump shocks markets with tweet about raising tariffs on China this Friday

    ... Bank of Australia announcing latest decision on interest rates tonight. OIS swaps pricing 40% chance of 25bp cut. • Japanese markets reopen tomorrow after Golden Week holidays.

    ...pread in Asian trade overnight that China would cancel this week’s scheduled trade talks with the US, and with that Asian markets became a sea of red with the Shanghai Composite crashing 5.6% and the Chinese yuan collapsing lower.  We also saw b...

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  • (News by tags)
    USD trading bid ahead of the US non-farm payrolls report

    • Traders expecting +190k jobs gained for April. • US Non-Manufacturing ISM out at 10amET. Slew of Fedspeak on deck after that. • Fed’s Evans speaks at 10:15am. Clarida 11:30amET. Williams 1:45pmET. Bowman 3pmET. • UK Markit Services PMI misses expe...

    ... feel.  Perhaps we do get strong US job numbers for April? USDJPY: Dollar/yen has gone to sleep here as market participants await the NFPs.  The S&P futures have recovered to the levels they were at yesterday prior to the h...

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

  • (News by tags)
    Powell sees low inflation as transitory. USD goes bid post Fed meeting

    ...r March. • US Non-Farm Payrolls employment report for April out tomorrow at 8:30amET. • Computer-driven fund selling and thin market conditions being blamed for yesterday’s copper plunge.

    ...d the need to remain patient), the press conference had a more positive tone (with Jerome Powell acknowledging better financial market conditions and his view that the low inflation data was “transitory”).  The reaction in the FX was what one would expect;...

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

  • (News by tags)
    Positive Poloz kills upside USDCAD momentum. US ADP employment report beats expectations.

    • US ISM (April) up next at 10amET. Weekly EIA oil inventory report at 10:30amET. • FOMC announcement at 2pmET, followed by press conference at 2:30pmET. BOC’s Poloz speaking again at 4:15pmET. • Treasury secretary Mnuchin concludes “productive” meetin...

    ... tone this morning, but from the sub 1.34s after the Bank of Canada’s Stephen Poloz threw cold water on last week’s market rally when he spoke before the House of Commons yesterday.  While the Canadian central bank chief reiterated that &l...

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

  • (News by tags)
    Canadian GDP contracts 0.1% MoM in February. Data helps to stem USDCAD selling

    • Canadian GDP for February misses estimates: -0.1% MoM vs 0% and +1.1% YoY vs +1.4%. • Canadian Raw Material Price Index misses: 2.8% vs 3.9% for March. • Italian and Eurozone preliminary Q1 GDP beat estimates, helps boost EURUSD. • GBPUSD rallying hig...

    ...ected PMI data for the month of April last night (50.1 vs 50.5 for Manufacturing and 54.3 vs 54.5 for Services) but the broader markets, with the exception of the Australian dollar, largely shrugged this off.  June crude oil prices are bouncing 1.7% higher...

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

  • (News by tags)
    USD trading quietly bid ahead of busy week

    .... • Brexit headlines few and far between. Bank of England meets on Thursday. • Japan on holiday now until May 7. • European markets closed on Wednesday for May Day. Markit PMIs out on Thursday.

    ...ds at CME added to both long and short positions in USDCAD during the week ending April 23, leaving them slightly less long the market than they were the week before.  We think the longs will remain in charge here so long as the 1.3430-40s hold to the...

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

  • (News by tags)
    US headline GDP figures for Q1 2019 beat expectations, but inflation readings disappoint

    ...entum is fading. • US Michigan Consumer Sentiment survey for April out at 10amET. Traders expecting read of 97.0. • Japanese markets closed all next week for the Golden Week holidays.

    ...waiver on Iranian oil imports (Iran exports about half of its oil to China).  This combination of mixed US data and bearish oil market news is keeping USDCAD stuck around the high 1.34s as NY trading gets underway today.  We think the market may be vulnera...

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

  • (News by tags)
    Bank of Canada delivers more dovish than expected hold to interest rates. Broad USD buying continues today

    • US Durable Goods for March beat expectations, +2.7% MoM vs +0.8%. • Stephen Poloz tries to kill rate cut speculation, USDCAD struggling a bit at post BOC highs. • EURUSD trades to new 2yr low, but buyers trying to step in now at 1.1120s chart support. ...

    ...Sterling has given up both the 1.2920s and the 1.2890s.  Finally, the Aussie is staring into the abyss this morning as the market inches below the 0.7010 level into the Jan 3rd flash crash range.  The Bank of Canada indeed delivered a more dovish...

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

  • (News by tags)
    Australian CPI disappoints. Bank of Canada rate announcement up next at 10amET.

    • Weak Australian Q1 CPI sees AUD plunge lower. RBA rate cut speculation increases. • Bank of Canada expected to hold rates steady at 10amET. Press conference at 11:15amET. • USDCAD breaks higher out of 6-week triangular consolidation. • Crude oil pri...

    ...ng global growth (which he acknowledged in early April as starting to affect Canada).  From a technical perspective, the USDCAD market has broken out to the upside after yesterday’s break above 1.3410 and a 6-week triangular consolidation of prices.  Since...

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

  • (News by tags)
    Talk of China potentially curtailing economic stimulus hurts Chinese stocks, yuan and commodity currencies

    • China stocks off 1.5%. USDCNH through 6.7190. AUDUSD loses 0.7120s. USDCAD back at range highs. • Sellers pounce on EURUSD and GBPUSD at overnight chart resistance. Both pairs now seeing heavy selling into NY trade. • UK parliament returns from Eas...

    ... are giving up overnight gains at this hour after a Bloomberg report reaffirms Saudi Arabia’s position to accommodate the market with extra supply in the event Iran finds it increasingly difficult to export oil.  Canada just reported its Wholesa...

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

  • (News by tags)
    US to end Iran sanction waivers for oil importers. Markets otherwise quiet on this Easter Monday.

    ...t tonight. ANZAC Holiday on Wednesday. • USDJPY longs pile in during pullback below 111.00. BOJ meets on Thursday. Japanese markets shut next week for Golden Week.

    ...s currently importing Iranian crude”.  June crude oil futures have galloped 2% higher to start the week, but the CAD market impact has been relatively subdued as Australian and European traders remain on the Easter holiday for one more day (East...

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

  • (News by tags)
    Poor German and Eurozone Manufacturing PMIs sees broad demand for USD today.

    .... • Option expiries and pre-Easter liquidity could lead to choppy price action to end the week. • North American and European markets closed tomorrow for the Good Friday holiday. • European markets closed on Monday.

    ...of the Canadian CPI figures for March, which beat expectations when it come to the core, ex food and energy, measure.  The market blew through support at 1.3310 and looked on course to test the 1.3260s, but then a swift sell off in the stock market tu...

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

  • (News by tags)
    Upbeat Chinese data boosts copper and commodity currencies. Canadian CPI for March up next.

    • Chinese Industrial Production & Retail Sales data for March plus Q1 GDP all beat estimates overnight. • AUDUSD knocking on door of 0.7190-0.7200 resistance, where over 1.5blnAUD in options also expire today. • USDCAD under pressure with crude oil bid c...

    ... attempting to find support in the 1.3310-1.3330 area as traders await the Canadian CPI report for March at 8:30amET.  The market is expecting +1.9% YoY on the headline and +1.3% YoY on the core measure.  We’ll also get the Trade Balance fi...

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

  • (News by tags)
    USD trading mixed into NY trade. US Industrial Production up next.

    • EURUSD choppy with both dovish and hawkish ECB headlines. German ZEW survey for April comes in mixed. • GBPUSD feeling the pressure as EURGBP longs reassert themselves. UK employment report meets expectations. • AUDUSD falls after dovish RBA Minutes,...

    ...nbsp; More here.  This weaker than expected news caused an intra-day USDCAD short squeeze in our opinion yesterday, as the market’s break below 1.3315 prior to the headlines set the momentum to the downside.  The spike higher stalled at tre...

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

  • (News by tags)
    Bank of Canada's quarterly Business Outlook Survey in the cross hairs

    • USDCAD traders anxiously await report at 10:30amET, as market loses chart support in the 1.3330s. • EURUSD and AUDUSD mildly bid in quiet start to the week. • GBPUSD knocking on the door of 1.3115-25 chart resistance. UK parliament now on Easter break...

    ...D: Dollar/CAD is starting this holiday shortened week with an offered tone after Friday’s fall in prices damaged the market’s technical structure on the charts.  The close below support in the 1.3330s was not a positive development in...

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

  • (News by tags)
    Massive M&A flows in EURJPY spurs broad risk-on wave across global markets

    • EURJPY surges around 4amET. Stocks, commodities and all major currencies shoot higher against the USD and JPY. • China reports better than expected export growth for the month of March (+14.2% YoY vs +7.3%). • China New Loans for March +1,690bln vs +1...

    ...er USD are falling apart this morning as chatter circulates about a massive 3bln EURJPY buy order that was executed in the market earlier.  According to Reuters, this is rumored by dealers to be related to the MUFJ’s 5.6bln EUR purchase of ...

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

  • (News by tags)
    Brexit day extended to Oct 31. Swift move lower in gold prices driving broad USD strength into NY trade

    • EU grants UK six month extension to ratify Brexit withdrawal agreement. GBP directionless. • June gold prices tumbling back below 1310 into NY trade. • USDCAD probes above chart resistance zone in the 1.3360-70s. • International Energy Agency cites “...

    ...oline inventories in the weekly EIA inventory report.  The International Energy Agency came out today with its monthly oil market report (usually comes out the day after OPEC’s monthly report), and it too reported a drop in production (-550k bpd...

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

  • (News by tags)
    Super Wednesday kicks off with bullish OPEC supply news, mixed US CPI and a dovish Mario Draghi

    • Weekly EIA oil inventory report up next at 10:30amET. FOMC Minutes at 2pmET. Emergency EU Summit underway re: Brexit. • Mario Draghi speaking to reporters following latest ECB decision to keep monetary policy unchanged. • EURUSD reversing lower. AUD...

    ...ffcd32; } Summary USDCAD: It’s been a busy morning so far in terms of news flow for the broader markets.  OPEC released its monthly report and it basically confirmed the oil market’s bullish bias of late by noting...

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

  • (News by tags)
    Trump announces $11bln in new tariffs against the EU

    • EURUSD little fazed on the headlines. Market bid above 1.1270s, with massive option expiries adding weight. • GBPUSD pops on rumors of Germany being amenable to a 5yr time limit on Irish backstop, then fizzles when reports denied. • AUDUSD builds upon...

    ...heavy tone this morning as traders gun for trend-line support in the 1.3280s.  Yesterday’s expected pull back in the market intensified into a price collapse when a rebel attack on Tripoli’s only airport in Libya sent fears through th...

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

  • (News by tags)
    USD trades broadly lower to start week

    • EURUSD shorts at CME at new 32 month high ahead of the ECB policy meeting this Wednesday. • Brexit April 12th deadline looms. Theresa May to meet Germany’s Merkel ahead of emergency EU summit on Wednesday. • AUDUSD riding coattails of EURUSD and coppe...

    ...; Chart support today comes in at the 1.3330-50s. EURUSD: Euro/dollar is drifting higher this morning as the market seems to want to test the resolve of the leveraged fund net EUR short position, which expanded to a new 32 month high dur...

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

  • (News by tags)
    It's the 1st Friday of the month. That means payrolls!

    • Traders expecting +180k jobs gained in the US for the month of March, and just 1k gained in Canada. • Consensus expects +3.4% MoM wage growth in the US and +2.2% MoM for Canada. • USDCAD and USDJPY toying with upside breaks of chart resistance. • GBPU...

    ...s some GBP selling leads broad USD strength during London trade today.  This is getting tempered back somewhat now as markets await the US and Canadian employment reports for March at 8:30amET.  The consensus for the US numbers are +180k job...

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

  • (News by tags)
    USD trading quietly higher ahead of US & Canadian employment reports tomorrow

    • USDCAD inching higher, with 1.3350-60 resistance channel acting as today’s pivot. • EURUSD slips lower following abysmal German Factory Order data and rumors of an Italian GDP downgrade for 2019. • GBPUSD sees selling traders give up on attempts to bre...

    ...60s ahead of what’s expected to be a quiet session.  Tomorrow morning is when it gets interesting once again for the market, as both the US and Canada will report employment data for the month of March.  We think USDCAD may hold its bid sho...

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

  • (News by tags)
    Better than expected Australia and European data propels risk sentiment higher today

    • Australia reports stellar Retail Sales and Trade Balance data for February. • Pan-European Services PMI data beats expectations. • S&P futures trading higher while the USD trades broadly lower. • USDCAD hugging pivotal chart support at 1.3300. • US A...

    ...is seeing a bounce this morning for a change, and we have some better Australian and European data to thank for that.  The market followed AUDUSD higher in Asia, broke chart resistance in the 1.1220s ahead of European trading today, and then continued...

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

  • (News by tags)
    US Durable Goods for February on deck

    ...s expecting -1.8% MoM. • USDCAD continues to struggle as stocks and crude oil extend gains. • AUDUSD falls after the RBA reiterates its neutral economic outlook. • GBPUSD trading lower again after the UK parliament fails to reach majority on four indica...

    ...ting -1.8% MoM.  We think a close below the 1.3300 level this week risks unraveling the uptrend we've witnessed in the market since the beginning of March. EURUSD: Euro/dollar continues this morning after yesterday’s stron...

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

  • (News by tags)
    Huge beat on Chinese manufacturing PMI boosts risk sentiment to start week

    • US Retail Sales and US ISM figures on deck today. • USDCAD holding chart support in the 1.3340-50s. BOC’s Poloz speaking at 3:10pmET. • EURUSD pivoting around the 1.1230s while AUDUSD wrestling with the 0.7120s. • GBPUSD rallying after a surge in the...

    ...e consensus estimate of 49.6, and jumped into expansionary territory (above 50) for the first time in four months.  Global markets are celebrating the news this morning by bidding up equities, bond yields, and commodity prices.  The broader USD a...

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

  • (News by tags)
    Happy Brexit day

    • Britain was supposed to formally leave the EU today. UK lawmakers to vote on withdrawal agreement portion of Brexit deal at 9:30amET. • GBPUSD rallies off overnight lows on rumors that the Labour party will support Theresa May today. DUP party still d...

    ...o struggle with trend-line chart resistance in the 1.3430s this morning, and the positive headwinds that ought to have seen the market break through it yesterday are now reversing.  The S&P futures are trading 12 points higher after Treasury secretary Mnuc...

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

  • (News by tags)
    Traders continue to buy USD broadly as fears mount about Brexit deadlock and Turkish money markets

    ...ay. • AUDUSD hanging in there with option expiry and copper prices supporting. • USDCAD benefiting from broad USD buying, but market still struggling with 1.3430s. • USDJPY roars higher into NY open as the S&P futures and US yields bounce.

    ...6.7250 and the ladder explodes 5% higher in response to the latest chapter of economic turmoil in Turkey.  More here.  Emerging market currencies like the MXN, ZAR and RUB are getting hit as proxy hedges for the TRY decline, pound sterling is falling again...

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

  • (News by tags)
    New Zealand central bank surprises markets with dovish turn in monetary policy outlook

    • NZDUSD plunges 1.6%. Drags AUDUSD lower and helps to keep USDCAD bid. • EURUSD bounces after comments from Mario Draghi. German 10yr bund yield hits 2 ½ year low prior to that. • GBPUSD inches higher ahead of Parliament indicative votes, but still co...

    ...ulling back below $60 after the weekly API inventory report showed a surprise build in oil stocks last night, the global equity market tone is skittish once again as European and US yields continue to trend lower, and the New Zealand dollar is getting crus...

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

  • (News by tags)
    USD trading mixed into NY trade

    • US Housing Starts for February miss expectations (1.162M vs 1.21M or -8.7% MoM vs -1.6%). • USDCAD trying to hold 1.3390s despite May crude oil galloping 1.8% higher. • AUDUSD drifting higher, with RBNZ rate decision on deck tonight. • GBPUSD rallies ...

    ... The US Housing Starts figures for February just missed expectations, coming in 8.7% lower MoM versus -1.6%.  We think the market can drift higher here so long as chart support holds in the 1.3390s, however a gallop higher in May crude oil prices abov...

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

  • (News by tags)
    Better than expected German IFO survey calms some investors nerves

    • German bund yields trade back above zero. EUR and S&P futures bounce. • USDCAD holding gains above 1.3420s support as May crude oil struggles to regain $59. • GBPUSD drifts higher as Theresa May’s cabinet revolts. • AUDUSD following EURUSD higher, re...

    ...fcd32; } Summary USDCAD: Dollar/CAD is starting the week bid as crude oil traders struggle to get the market back above $59 this morning.  The broader USD is trading mixed, albeit with a quiet tone.  The S&P futures ...

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

  • (News by tags)
    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 o...

    ...y reported a terrible manufacturing PMI print for the month of March.  This caused a “risk-off” selling wave across the broader markets and saw the EUR, S&Ps, crude oil, copper and AUD all move swiftly lower.  The beneficiaries were the traditional safe ha...

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

  • (News by tags)
    Fed outlook gives markets another dovish surprise, but traders now fretting over the underlying reasons for it

    ...ployment 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 ...

    ... back to yesterday’s pre-Fed levels this morning as traders appear to be fretting over why the Fed had to surprise global markets yet again with a more dovish than expected outlook.  The FOMC lowered its GDP and inflation forecasts for 2019/2020...

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

  • (News by tags)
    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. • USDJP...

    ...nbsp;Traders managed to stage an impressive recovery in USDCAD yesterday.  It wasn’t looking good early on after the market broke trend-line support in the 1.3305 area, however buyers returned at the next key level in the 1.3250-60s.  US eq...

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

  • (News by tags)
    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-...

    ...rrow afternoon.  Failure to hold the 1.3305 level would risk unravelling all the progress USDCAD longs have made since the market broke higher on March 1st.  Canada releases its 2019 budget later today at 4pmET, but nothing market moving is expec...

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

  • (News by tags)
    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 ...

    ... 1.3370s. EURUSD: Euro/dollar is drifting higher this morning amid a broad, albeit mild, “risk-on” tone to global markets.  Traders don’t seem all that concerned about the delay with the Trump/Xi meeting.  If anything, there appears to be opt...

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

  • (News by tags)
    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 ...

    ... net long USDCAD fund position at CME (as of March 12th) later today.  The Bank of Canada’s Wilkins didn’t say anything new for markets in her speech last night (expects Canadian GDP to rise later this year, but still concerned about high level of Canadian...

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

  • (News by tags)
    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 ...

    ...Canada deputy governor Wilkins speaking at 6:50pmET tonight.  We think USDCAD has a chance to renew its uptrend should the market close above the 1.3330s today.  Failing to do that however should keep the pressure on. EURUSD: E...

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

  • (News by tags)
    Sterling bid after Theresa May loses 2nd meaningful Brexit vote yesterday. "No deal" Brexit vote on deck at 3pmET today.

    ... 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 consume...

    ...dy this morning, but still with an offered tone after weak US CPI figures and a last minute bid in oil prices yesterday saw the market slip below chart support in the 1.3370s.  Next up are the US PPI figures for February and the US Durable Goods numbe...

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

  • (News by tags)
    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-li...

    ...und-color:#ffcd32; } Summary USDCAD: Dollar/CAD is trading bid this morning, but this comes after the market lost trend-line support at the 1.3410 level in late NY trade yesterday.  The broader USD couldn’t make much he...

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

  • (News by tags)
    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 hol...

    ...r than expected US employment growth out of the US and stronger than expected job growth out of Canada.  This data saw the market pull back sharply into trend-line support at the low 1.34s, and some crude oil volatility saw traders play the 1.3405-1.3...

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

  • (News by tags)
    EURUSD plunges following ECB's announcement of new TLTROs and no rate hikes for 2019

    • EURUSD falling through 1.1280s support. ECB press conference now underway. • Sterling on the defensive as well following reports that Theresa May will likely lose next week’s vote on her Brexit plan. • AUDUSD hanging in there despite stronger Trade Ba...

    ...oil prices and EURCAD cross sales weigh.  Yesterday’s hold on interest rates by the Bank of Canada was way more dovish than the market was expecting.  The Canadian central bank said the slowdown in Q4 growth was sharper and more broadly based than forecast...

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

  • (News by tags)
    USDCAD continues higher ahead of Bank of Canada meeting

    • Decline in oil prices + weak AUDUSD helping USDCAD test resistance in the high 1.33s. • Dovish hold to interest rates expected from the Bank of Canada at 10amET. • AUD plunges as Australian Q4 GDP disappoints. Rate cut calls now making the rounds. • ...

    ...ents (more on this below).  Combine this with some broad USD buying witnessed elsewhere overnight and we’re looking at a USDCAD market that continues to trend higher.  The US has just reported +183k jobs gained in its February ADP employment report, which ...

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

  • (News by tags)
    Sterling losses lead broad USD strength into NY trade

    ... • GBPUSD falls despite upbeat UK Services PMI as algos sell the latest Brexit headlines. • AUDUSD steady after the RBA keeps rates and the balanced outlook on hold. • USDJPY holding gains ahead of hefty option expiries. • US Non-Manufacturing ISM at 1...

    ... GBPUSD: Sterling losses are leading the USD broadly higher this morning as new Brexit headlines take their toll on the market.  Traders are anxiously awaiting updates from the UK’s latest efforts to negotiate with Brussels (more here), ...

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

  • (News by tags)
    USDCAD downtrend broken after Canada reports weaker than expected Q4 GDP

    • USDCAD now trading above 1.3260-70s, but gains fading as crude oil prices recover from Friday’s ISM-driven slump. • Bank of Canada meets on Wednesday. ECB meets on Thursday. • EURUSD continues to follow gold prices lower since 10am on Friday. Buyers ...

    ...32; } Summary USDCAD: Dollar/CAD is drifting higher to start the week after Friday’s massive rally saw the market close above trend-line resistance in the 1.3260-70s.  The surprisingly weak Q4 Canadian GDP numbers reported on Friday, a...

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

  • (News by tags)
    USDCAD remains offered ahead of Canadian Q4 GDP figures

    • Traders expecting +1.2% QoQ Canadian GDP growth in Q4, and 0% growth for December. US Feb ISM out at 10amET. • April crude oil prices continue to trend higher. • Volatile 24hrs for EURUSD leaves traders whipsawed ahead of the weekend. • Sterling leak...

    ...in the 1.3200 area yesterday.  Strong EURCAD selling and a persistent bid in April crude oil prices also ending up dragging the market lower despite the rather stellar Q4 GDP report that came out for the US.  It’s Canada’s turn to report Q4 GDP this mornin...

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

  • (News by tags)
    Significant beat on US Q4 GDP propels USD higher into NY trade

    ...p. • 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 Chi...

    ...ion that we’re going to have “patient” monetary policy out of the US for the foreseeable future, we think the market is starting to test the resolve of entrenched fund short positions here.  We think the 1.1400 level will act as toda...

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

  • (News by tags)
    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 aft...

    ...a rather unimpressive NY close yesterday; closing below chart support in the 1.3170s, and we think this is also not helping the market here this morning.  The Canadian CPI figures for January were just released and they met expectations of +1.4% YoY a...

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

  • (News by tags)
    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 si...

    ...r { background-color:#ffcd32; } Summary USDCAD: Dollar/CAD is trading higher this morning, after the market closed above trend-line resistance in the 1.3180s yesterday.  The swift fall in crude oil prices following Trump&rsq...

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

  • (News by tags)
    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 st...

    ...rump administration to extend the March 1st tariff deadline with China is understandably adding to the “risk-on” tone we see in markets so far this morning (stocks, yields, copper, AUD, CNH all up while the broader USD trades lower).  USDCAD gave up suppor...

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

  • (News by tags)
    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 c...

    ...nbsp;Market participants are expecting a -0.3% read for December, after a decline in November of -0.9%.  Yesterday’s market bounce, on the back of a broad “risk-off” tone to US equities, did much to repair the near term technicals fo...

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

  • (News by tags)
    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...

    ...rday’s breakout attempt above the 1.1350s failed when the “less dovish than expected” FOMC Minutes were released.  This saw the market pull back down below this key trend-line resistance level into the NY close, and it is this price level which has capped ...

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

  • (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

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    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)
    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

  • (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)
    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...

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  • (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...

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  • (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...

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    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   ...

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    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...

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    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...

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    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 ...

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    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...

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    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...

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    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: 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...

    Tags: usd,gbp,eur,us dollar,british pound,euro,europe,currency news,currency markets,foreign currency,currency exchange,market analysis,foreign currencies,currency exchange,market rates,rates,reference rates,aud,cny,cad,mxn,jpy