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  • (News by tags)
    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...

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

    • S&P futures +26. Bonds, Eurodollars, and gold trading off yesterday’s highs. • Still no love for EURUSD as the ECB’s Rhen hints at monetary policy bazooka in September. Bunds trade to new lows -0.72%. • AUDUSD struggling to build upon Australian job ...

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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...

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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...

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    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...

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

    • Fed cuts interest 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 $30...

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

    ...unchanged at -0.40%. Admits rate cuts not even 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 b...

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    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...

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    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...

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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...

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    Fed enters blackout period ahead of next week's meeting

    • No Fed members can speak until FOMC 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 Sale...

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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...

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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...

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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 ...

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    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...

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

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

    • China June Industrial Production +6.3% YoY vs +5.2% exp. Chinese yuan and copper prices rally. • USDCAD pressuring 1.3020s while AUDUSD inches higher towards 0.7040s. • EURUSD and GBPUSD struggling with overhead chart resistance. GBP lags as EURGBP m...

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  • (News by tags)
    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 ...

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

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

    ...over, August gold surges back above 1404 level, Dec Eurodollar futures back to pricing EFF below 2.00%. • Bank of Canada keeps rates on hold, but gives global trade tension more airtime than expected. • August crude oil surges 4% following bullish EIA in...

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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...

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

    • US treasuries, Eurodollar futures, and gold dip lower again. 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 make...

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  • (News by tags)
    FX markets quiet. Deluge of Fed-speak on tap this week.

    ... get priced out. • USDCAD traders continue to sell on rallies. Bank of Canada meets on Wednesday, where a more upbeat hold to rates are expected. • EURUSD clings to support just above 1.1200 as weak German data/strong US job report reaffirms market down...

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

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

    • Over $13.4 trillion in global debt now yielding below zero. German bund yield matches ECB deposit rate, -0.40%. • LIBOR curve up to 1yr remains inverted. Entire US treasury curve up to 30yrs now yields less than Fed funds. • US reports weaker than ex...

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

    .../China agree to trade “truce” at the G20. 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 emplo...

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

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

    ...inds another reason to bounce. UK reports final Q1 GDP +0.5% QoQ. • USDJPY clinging to chart support in 107.50-70 as interest rates maintain offered tone into weekend. • Official Chinese PMIs for June out Saturday. Caixin surveys out Sunday night. • C...

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

  • (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...

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

  • (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...

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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...

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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. •...

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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...

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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...

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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...

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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...

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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 ...

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

  • (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-...

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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.

    ...n 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. ...

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

  • (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...

    ...th a pledge to cut income taxes.  More here.  The BOE’s Haldene said over the weekend “the time is nearing when a small rise in rates would be prudent to nip any inflationary risks in the bud”  The BOE’s Saunders will be speaking at 1pmET today.  The UK re...

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    It's jobs Friday!

    • Traders expecting +185k new jobs in the US and just 5-8k new jobs in Canada for May. • PBOC’s Yi Gang says China has “tremendous” room to adjust monetary policy if the trade war deepens. • USDCNH pops when Yi says “no number is more important than any ...

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    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...

    ...by Mario Draghi’s press conference (which is set to begin at the same time).  The ECB has just announced that they see interest rates staying put until at least the first half of 2020, which in the context of the recent Fed rate cut frenzy, sounds bullish ...

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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...

    ...l-time market coverage on twitter at @EBCTradeDesk or sign up here. SUMMARY 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...

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

  • (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.

    ...35 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...

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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.

    ...man 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. ANAL...

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

  • (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...

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    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...

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    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...

    ...witter at @EBCTradeDesk or sign up here. SUMMARY 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. ...

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

  • (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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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

    • USDCAD now testing 1.3400 chart support. Canada reports March Retail Sales tomorrow. • RBA’s Lowe considering rate cut in two weeks. AUDUSD retreats to fill Sunday opening gap higher following elections. • AUD selling dragging EURUSD lower, but marke...

    ...ia and surprised traders with the comment that “at our meeting in two weeks’ time, we will consider the case for lower interest rates.  More here from the Sydney Morning Herald.  This saw AUDUSD quickly retreat lower in early European trade today, and we h...

    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

    • China sees little sincerity in the US approach to trade talks. • Oil prices trading bid as two new US war ships enter Persian Gulf. • Tory/Labour Brexit talks formally break down. Boris Johnson enters Tory leadership race. • Broad demand for USD see...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    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...

    ...because it appears to be the last pillar of strength in the Australian economy that is preventing the RBA from cutting interest rates right now. USDJPY: Dollar/yen is hemorrhaging losses this morning as the US/China trade war takes a turn for th...

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

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    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...

    ...receded after the Australian central bank cut its growth/inflation forecasts and said “forecasts made on "technical assumption" rates follow market pricing of two cuts to 1 pct.  Full text here. We think AUDUSD stays on the defensive here, especially if US...

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

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    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...

    ...hold up well despite the waves of risk-off flows we’re seeing in the S&P and copper futures.  The surprise 25bp cut to interest rates in New Zealand last night saw AUDUSD whipsaw lower and then higher, but we continue to hold yesterday’s support/resistance...

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

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    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.

    ...ian trade and this helped stem the selling for USDCAD temporarily.  The AUDUSD rally following the dovish hold on interest rates from the Reserve Bank of Australia then appeared to be the catalyst for USDCAD to probe lower again, this time to familiar...

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

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    Trump shocks markets with tweet about raising tariffs on China this Friday

    ...ost NFP, rally. UK observing Early May bank holiday today. • Reserve 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.

    ...h.  The Reserve Bank of Australia (RBA) will be meeting at 12:30amET tonight to announce their latest decision on interest rates.  Many are considering this meeting to be a “live” one with regard to the possibilities of a rate cut.&nb...

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

  • (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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    Powell sees low inflation as transitory. USD goes bid post Fed meeting

    • April Manufacturing PMIs out of most of Europe surprise to the upside, but Germany’s number disappoints. • Bank of England keeps monetary policy unchanged. Raises GDP forecasts but trims inflation projections. • Sizable, post-Fed, option expiries in p...

    ...ggles to build upon yesterday’s post Fed gains.  The Federal Reserve delivered what was arguably a more upbeat hold on interest rates.  While the press release had a dovish tilt to it (citing global economic issues, muted inflation pressures and the need t...

    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...

    ... the Mirror.  The Bank of England meets tomorrow morning at 7amET, and the market expectation is for no change to interest rates, the asset purchase program, and the “wait and see approach” to their monetary policy outlook. ...

    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} .aut...

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

    • China PMIs for April out tonight. Fed meets on Wednesday. US Employment Report on Friday. • Leveraged funds add to USD longs against EUR, GBP, AUD and JPY (during week ending April 23). • S&P affirms Italy’s BBB credit rating. • Brexit headlines few...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    US headline GDP figures for Q1 2019 beat expectations, but inflation readings disappoint

    • USD shoots higher initially, then reverses lower. FOMC meets next Wednesday. • Rumor of waiver for China on Iran oil imports hurting oil prices, but USDCAD fails to really benefit. • EURUSD, GBPUSD and AUDUSD attempting short covering rallies post US ...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    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. ...

    ...evel into the Jan 3rd flash crash range.  The Bank of Canada indeed delivered a more dovish than expected hold to interest rates yesterday.  More specifically, it talked about a global economy that is slowing more than forecast, ongoing uncertain...

    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...

    ....  It’s Bank of Canada Day today for USDCAD traders, with the Canadian central bank set to announce its latest hold on interest rates at 10amET, followed by a press conference at 11:15amET.  We continue to believe there’s a risk that Stephen Poloz sounds m...

    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...

    ...uo;party” as we described it to Reuters) comes tomorrow when the Bank of Canada announces its latest decision on interest rates.  We still believe that traders need to be an guard for a more cautious than expected monetary policy outlook from St...

    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.

    • June crude oil gallops 2% higher, sees USDCAD ease slightly off Thursday’s highs. Bank of Canada decision on Wednesday. • EURUSD drifts higher. German IFO tomorrow. US Durable Goods on Thursday. US Q1 GDP on Friday. • GBPUSD slips further as the fu...

    ...ll be Bank of Canada’s interest rate decision on Wednesday morning.  While we think Stephen Poloz will keep interest rates on hold and acknowledge some of the positives that have occurred since the March meeting (two better employment reports, h...

    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.

    • EURUSD falls through chart support in the 1.1270-80s. • GBPUSD follows the Euro lower. Bounce from better UK Retail Sales data proves short lived. • Australia reports better than expected job growth for March, but EURUSD sales weigh on AUD. • US & Ca...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} .aut...

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} .aut...

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  • (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,...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} .aut...

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  • (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...

    ...ill be probably one of the more important reports this week ahead of the Bank of Canada’s April 24th decision on interest rates.  Tomorrow features Canada’s Manufacturing Shipments data for February and the US Industrial Production figures...

    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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  • (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 “...

    ...rday’s FOMC Minutes provided little additional information for market participants.  The majority of Fed members saw rates to remain on hold through 2019.  EURUSD: Euro/dollar is pulling back a tad as NY trading gets unde...

    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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  • (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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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  • (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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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  • (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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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  • (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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

    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...

    ...ary.  The AUDUSD chart has now erased all of yesterday’s bearish price action following the neutral hold on interest rates from the RBA.  The fact that over 1.3blnAUD in options expire at the 0.7100 strike this morning appears to be ho...

    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...

    ...rated its neutral stance on the economic outlook and lowered its 2020 inflation expectations when announcing a hold on interest rates last night.  The market teased the fund shorts with a false break above trend-line resistance in the 0.7110s, but the...

    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...

    ... capping prices now as traders await some US data.  The Reserve Bank of Australia releases its latest decision on interest rates tonight at 11:30pmET.  Australian Building Permit data for February will be released at 8:30pmET.   ...

    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} .aut...

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

    • GBPUSD down 100pts lower from NY close. Turkish lira down 5%. • US final read on Q4 GDP disappoints, +2.2% YoY vs +2.4% expected. • EURUSD extends losses after 1.1240s support gives way. • AUDUSD hanging in there with option expiry and copper prices ...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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  • (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...

    ...ing some heat this morning following a 1.6% plunge in the New Zealand dollar today.   The Reserve Bank of Zealand kept interest rates on hold last night (as expected), but surprisingly signaled “given the weaker global outlook and reduced momentum in domes...

    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 ...

    ...okout for potentially volatility tonight at 9pmET when the Reserve Bank of New Zealand announces it latest decision on interest rates.  The AUD can at times correlate with significant movements in the NZD (its antipodean cousin). USDJPY:...

    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} .aut...

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  • (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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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

    • USDCAD roars back from post Fed lows, now threatening to break above 1.3330s. • EURUSD slips after testing 1.1420-30s resistance. • GBPUSD falls further today as traders angst about what the EU will allow in terms of a Brexit extension. • AUDUSD exten...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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  • (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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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

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    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-...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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

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    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 ...

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

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    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 ...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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

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    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 ...

    ...ime after 10pmET tonight.  Traders are very much expecting the BOJ to maintain the status quo in every regard (0% interest rates, target of +/- 20bp on the 10yr JGB yield, and no change to the pace of its asset purchase program).  We think a move...

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

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

    • Shorts cover after traders could not push GBPUSD below 1.3050s yesterday. The 1.3140-50s are now resisting. • EURUSD benefits from weak US CPI yesterday, but market still undecided with upside break of 1.1300 level. • AUDUSD lagging today following we...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    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...

    ...ainder of the session.  Dollar/CAD is starting a new week of trade now in that very same price range, as the broader USD gyrates with a mixed tone so far today.  Jerome Powell didn’t offer anything noteworthy during his interview with 60 Mi...

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

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    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...

    ...e resistance in the 1.3430s this morning as rising crude 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 Q...

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

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    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. • ...

    ...f +189k.  Up next is the Bank of Canada interest rate decision at 10amET, where traders are expecting a dovish hold on interest rates.  We’ll be paying close attention to see if the following wording in January’s statement is revised:  “…the policy interes...

    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...

    ...efore the House of Lords Economic Affairs Committee. AUDUSD: The Reserve Bank of Australia kept interest rates on hold last night and left their statement roughly balanced in tone.  Full text here.  This didn’t come a...

    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 ...

    ...owering Australia’s Q4 GDP estimate for Tuesday night.  The Reserve Bank of Australia announces its latest decision on interest rates tonight at 10:30pmET.  While no changes are anticipated from market participants, expect traders to scrutinize any updates...

    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...

    ...s January Building Permit data on Sunday night ET.  The Reserve Bank of Australia will announce its latest decision on interest rates on Monday night ET. USDJPY: Dollar/yen took off yesterday after it broke above chart support in the 111.10s....

    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

    • US Q4 GDP reported +2.6% QoQ vs. +2.3% exp. • Canadian Industrial Product Prices -0.3% MoM in January vs +0.1% exp. • USDCAD vaults higher into 1.3200-1.3225 resistance zone. • EURUSD tries to break out, but strong US GDP figures pull the market back....

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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

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    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...

    ...ch to repair the near term technicals for USDCAD.  Comments from Bank of Canada governor about the upward path of interest rates being “uncertain” certainly helped in our opinion.  Expect the market to challenge the 1.3250s to the ups...

    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...

    ...’s major banks, slashed its GDP growth forecast for the nation and made a bold call that the RBA will be forced to cut interest rates twice this year.  These headlines crossed shortly after the Aussie jobs report and send the market sharply back lower in t...

    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. •...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} .aut...

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

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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

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    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. •...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

    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

    • US January CPI +1.6% YoY vs +1.5% exp. Core CPI +2.2% YoY vs +2.1% exp. • Mnuchin says talks with Chinese negotiators are going “so far so good”. • USDJPY extends gains with break above 110.50s. S&Ps +10. • AUDUSD unravelling NZDUSD driven pop; mark...

    ...lp last night following a 100pt surge higher in NZDUSD, as Kiwi traders reacted to a less dovish than expected hold on interest rates from the Reserve Bank of New Zealand.  Trend-line chart resistance in the 0.7110s gave way, leading to further gains ...

    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...

    ...ning after it followed EURUSD lower earlier today.  The driver appears to be comments from BoE governor Carney, as he reiterates the central bank’s desire to modestly tighten monetary policy over time (provided economic expansion continues).&nbs...

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

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

    • USDCAD stuck within Friday’s range post Canadian employment report, but downtrend still being threatened. • EURUSD now down for the 6th consecutive session after the 1.1340s give way again. • AUDUSD slips below support as USDCNH goes bid after the Chin...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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

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    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...

    ...p;The Bank of England just announced its latest decision on monetary policy, and it was a unanimous 0-0-9 vote to keep interest rates unchanged and keep its asset purchase target steady at 435bln GBP (as expected).  However, the central bank revised l...

    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    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...

    ...orming the majors this morning after the Reserve Bank of Australia (RBA) delivered a less dovish than expected hold to interest rates last night.  The trading community thought the RBA, in light of the recent spate of weak economic data, would start s...

    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.

    • USDJPY bursting higher, supported by trend-line break and bullish EURJPY technicals. • AUDUSD slips further with weaker than expected Building Permit data not helping. RBA meets tonight at 10:30pmET. • GBPUSD falls back to Friday’s lows following weak...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

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    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...

    ...mmary USDCAD: The doves got what they wanted from the Fed yesterday, and more.  Not only did the Fed keep interest rates on hold (as expected) and signal a willingness to adjust balance sheet normalization if needed (somewhat expected), but it...

    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...

    ...ing at 2pmET followed by a press conference from chairman Powell at 2:30pmET.  Markets are not expecting any change to interest rates today, but traders will be paying close attention to the commentary surrounding the pace of the Fed’s balance sheet unwind...

    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...

    p{ text-align: justify; } ol {font-size:90%;} #break{display:none;} .author-text {display:inline-block; text-align: left; width:60%; vertical-align: middle;} .author-img {width: 35%; min-width:100px; display:inline-block; margin: 0% 2%;} ....

    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...

    ...s the NAB survey tonight (7:30pmET) and Q4 2018 CPI tomorrow.  The Reserve Bank of Australia meets next to decide interest rates on February 5th. USDJPY: Dollar/yen is off to a slow start this week after the 109.50-80 support zone g...

    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. ...

    ...e ahead of the ECB meeting this morning.  The European Central Bank has just announced that they will continue to keep interest rates unchanged “through the summer 2019”, which is a copy/paste of their last announcement, and so EURUSD has barely budged.  T...

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

  • (News by tags)
    Exchange Your Unwanted Halloween Candy for Reese's Cups

    Reese's is not sorry this Halloween and neither are we with these exchange rates on candies.

    .services_container {display:block; width:95%; margin: 0 auto; padding:10px 0px;} .services_container h2{ background-color:#286aa0; color:#FFF; line-height: 40px; padding-left:5px; } .services_info { margin-top:1%; margin-left:3%; vertica...

    Tags: halloween,candy,exchange rates,converter,reeses,peanut butter,new york

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    Difference Between a Fixed and Floating Currency Exchange Rate

    Learn how fixed vs. floating exchange rates affect the international market differently.

    ...robably familiar with the concept of an exchange rate. However, it can be difficult understanding how exactly currency exchange rates work. One important concept that helps explain how rates are set is the difference between a fixed and floating excha...

    Tags: currency,exchange rates,fixed rate,floating rate,central bank,pegged currency

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

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

    ... Investing.com   British Pound GBP/USD opened last week at 1.3530 and closed at 1.3542 – appreciating by 0.09% with rates remaining unchanged and US data coming out weak has let the GBP have a small jump last week. With the BOE on-hold with...

    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.

    ...798 and closed at 0.7785 – depreciating by 0.17% due to mixed USD data and anticipations rising for housing data and employment rates in Canada. First thing on officials and traders mind is the NAFTA agreement. There still hasn’t been enough progress t...

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

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

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

    ...ith the US coming out with positive numbers compared to the EUR this has helped the USD but hurt the EUR. Along with doubt of a rates to rise and a Brexit agreement to be signed soon has brought doubt on the EUR. Even though the dollar has had a great ...

    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.

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-...

    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.

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-...

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    Currency Market Trend Analysis: April 4, 2018

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

    ...household spending. Canada already has a high housing debt ratio and the Bank of Canada’s intentions to increase interest rates should be slowed down.   1. Markit Manufacturing PMI (Mar): Monday, April 2nd 2. International Merchandis...

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    Currency Market Trend Analysis: March 27, 2018

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

    ...0% with the result of the Consumer Price Index showing a positive outlook. With 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 involve...

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    Currency Market Trend Analysis: March 19, 2018

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

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-...

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    Currency Market Trend Analysis: March 13, 2018

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

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-...

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    Currency Market Trend Analysis: March 5, 2018

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

    ... that her government could collapse within a year. The BoE is meeting next week, but it is not expected that they will hike rates. Currently there is a 50% chance of a May hike priced in. This week, markets will look to further Brexit developments and ...

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    Currency Market Trend Analysis: February 28, 2018

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

    ...oil output cut conformity, as well as a disturbance in the Libyan oil supply line. Markets currently expect the BoC to hold rates steady in March, with a 25 BP hike in April in the cards. At this point, NAFTA concerns will be settled, and the BoC will ...

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

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    Currency Market Trend Analysis: February 20, 2018

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

    ...ts). Shembri stated that subdued growth may change the BoC’s reactions, and that higher debt levels, declines in interest rates, and decreased economic growth could challenge the existing framework. In another week, these events might have result...

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    Currency Market Trend Analysis: February 13, 2018

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

    ...e trade deficit widened to 13.58 billion pounds. These data were partially balanced by a hawkish BoE meeting, in which interest rates were remained constant (as expected), but inflation and growth forecasts were upgraded (the 2018 GDP growth projection was...

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

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    Currency Market Trend Analysis: February 5, 2018

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

    ...il sales and manufacturing production data for impetus. Though the BoE does have an interest rate decision, is it unlikely that rates will change, and market reactions will likely be muted.   1. BRC Like-For-Like Retail Sales (Jan): Tuesday, F...

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

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    Currency Market Trend Analysis: January 31, 2018

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

    ...ne with President Trump’s American First Ideology, and also violates an international agreement against targeted exchange rates for competitive purposes. American First ideology fundamentally works against mutually beneficial trade, and will erode GD...

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    Currency Market Trend Analysis: January 22, 2018

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

    ...preciating by 0.27% despite the BoC’s rate hike, likely due to a fall in West Texas Intermediate (WTI). The BoC hiked rates by 25 basis points this past Wednesday, reaching an overnight rate of 1.25%. Market response was muted, as a 90% rate hike...

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    Currency Market Trend Analysis: January 16, 2018

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

    ...ater than 2/3 chance of a Jan BoC rate hike may be over-zealous, considering NAFTA-driven uncertainty. If the BoC does not hike rates on the 17th, expected a CAD devaluation.    1. BoC Monetary Policy Report: Monday, January 17th  &n...

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    Currency Market Trend Analysis: January 8, 2018

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

    ...emphasized that they will be exercising a data-based approach to rate hikes. For this reason, they may wait until March to hike rates, at which point the economic outlook will be more defined, and NAFTA-related risks will be abated. This will be a data...

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

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    Currency Market Trend Analysis: January 3, 2018

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

    ...st questions are will QE come to a close after the 9 month tapered extension resolves, and subsequently, when will the ECB hike rates. Markets currently price in a 50% chance of a rate hike in 2018. The Euro is currently under-valued by measure of purchasi...

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

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    Currency Market Trend Analysis: December 27, 2017

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

    ...he CPI rose to 2.1% YoY. This CPI exceeds the BoC’s goal of 2.0%, and will give the BoC increase slack with which to hike rates. The chances of a January rate hike have risen, but most analysts do not expect a hike until March or April – at whi...

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

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    Currency Market Trend Analysis: December 18, 2017

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

    ... retraced much of its losses. Canadian household debt is still elevated, limiting the BoC’s ability to raise interest rates – at the risk of exacerbating debt and stifling consumption growth. With NAFTA negotiations looming and the full eff...

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

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    Currency Market Trend Analysis: December 12, 2017

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

    ...dium-term the resulting shale-driven supply increase could drive prices back up. As expected, the BoC did not hike interest rates this month. Expanding upon this decision, the BoC stated that higher interest rates will likely be required over time, but...

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

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    Currency Market Trend Analysis: December 4, 2017

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

    ...boon for the traditionally commodity-sensitive Loonie. Despite these strong figures, it is expected that the BoC will leave rates unchanged at their meeting this week. A decision to keep rates steady will likely not result in losses for the CAD, as thi...

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

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    Currency Market Trend Analysis: November 27, 2017

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

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    Currency Market Trend Analysis: November 22, 2017

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

      a.SignUp_Button { -moz-box-shadow: 0px 1px 0px 0px #fff6af; -webkit-box-shadow: 0px 1px 0px 0px #fff6af; box-shadow: 0px 1px 0px 0px #fff6af; background:-webkit-gradient(linear, left top, left bottom, color-stop(0.05, #ffec64), color-s...

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    Currency Market Trend Analysis: November 13, 2017

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

    ...n 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 slight appreciation driven b...

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

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    Currency Market Trend Analysis: November 6, 2017

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

    ...interest rate hike was passed 7 to 2.  BoE Governor Carney stated that “Brexit may limit central bank's ability to cut interest rates and add to the risks of slower UK economic growth in case there is no Brexit deal”. The BoE’s new statement made no mentio...

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

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    Currency Market Trend Analysis: October 30, 2017

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

    ... Opened last week at 0.7922 and closed at 0.7809. The CAD tumbled 1.44% against the USD, as the BoC refrained from hiking rates, and yield curve spread differentials expanded in favor of the US. There was little expectation of rate hike at the BoC me...

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

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    Currency Market Trend Analysis: October 24, 2017

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

    ...re exacerbated by Trump-driven concerns over the future of NAFTA. It is unlikely coming off of this data that the BoC will hike rates this week, leaving relatively little Canadian data to affect the market. The CAD may continue to trade lower against the U...

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

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    Currency Market Trend Analysis: October 16, 2017

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

    ...m. August Industrial output came back at 1.4%, the highest since January. Catalan-related political risk will continue to drive rates in the short-term, but Eurozone data continues to come in strong, and will likely provide support leading up to the ECB me...

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

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    Currency Market Trend Analysis: October 10, 2017

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

    ...ufacturing PMI, and a broad USD recovery. These factors were tempered slightly by the expectation that the BoE will still raise rates in November, priced in at 83%. Politics continues to weigh on the GBP, with Brexit negotiations stalling, and reports of i...

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

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    Currency Market Trend Analysis: September 25, 2017

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

    ...ated news was balanced in-part by a hawkish turn from the BoE; Andy Haldane, Chief Economist of the BoE hinted that UK interest rates by rise this year. This is of particular interested given Haldane’s dovish track-record. Mark Carney, the Governor o...

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

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    Currency Market Trend Analysis: September 18, 2017

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

      a.SignUp_Button { -moz-box-shadow: 0px 1px 0px 0px #fff6af; -webkit-box-shadow: 0px 1px 0px 0px #fff6af; box-shadow: 0px 1px 0px 0px #fff6af; background:-webkit-gradient(linear, left top, left bottom, color-stop(0.05, #ffec64), color-stop(1...

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    Currency Market Trend Analysis: September 12, 2017

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

    ...st week at 0.8057 and closed at 0.8071.  The CAD rose 0.18% against the USD last week, riding on the BoC’s decision to hike rates. Markets had the BoC rate hike priced in with a 50% likelihood, generating much of this weeks’ upwards momentum. Gains fro...

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    Currency Market Trend Analysis: September 5, 2017

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

    ...rket is currently pricing in a 50% probability of a rate hike at this Wednesday’s BoC policy meeting. If the BoC does not raise rates this Wednesday, the CAD will likely take a hit; any depreciation stemming from this scenario will likely be reined in by t...

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

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    Currency Market Trend Analysis: August 30, 2017

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

    ...g a small increase in Canadian core inflation data. The prevailing sentiment following this data, is that the BoC will increase rates in October. The CAD was also supported by increasing 10-year yields, topping out at 1.94%. These positive indicators were ...

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

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    Currency Market Trend Analysis: August 22, 2017

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

      a.SignUp_Button { -moz-box-shadow: 0px 1px 0px 0px #fff6af; -webkit-box-shadow: 0px 1px 0px 0px #fff6af; box-shadow: 0px 1px 0px 0px #fff6af; background:-webkit-gradient(linear, left top, left bottom, color-stop(0.05, #ffec64), color-stop(1...

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    Currency Market Trend Analysis: August 15, 2017

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

    ... USD last week, consolidating some of its previous gains. This depreciation 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 cur...

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    Currency Market Trend Analysis: August 7, 2017

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

      a.SignUp_Button { -moz-box-shadow: 0px 1px 0px 0px #fff6af; -webkit-box-shadow: 0px 1px 0px 0px #fff6af; box-shadow: 0px 1px 0px 0px #fff6af; background:-webkit-gradient(linear, left top, left bottom, color-stop(0.05, #ffec64), color-stop(1...

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    How Companies Save Money with a Dual Invoice for International Payments

    Immediately increase your company’s revenue by learning how to read a dual invoice.

    ...ound the world that need to be paid? In a typical international payment scenario, suppliers are very aware of currency exchange rates and volatility risks. In order to cover this foreign exchange risk, they usually add on a risk padding to account for...

    Tags: international payments,dual invoice,local currency,savings,fees,costs,corporations,financial institutions,banks,currency exchange rates,fx volatility risks,foreign exchange risk

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    Currency Market Trend Analysis: July 31, 2017

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

    ...Thursday, which will see an interest rate decision and speech by Governor Carney. It is expected that the BOE will not increase rates. The cable is likely to appreciate throughout the week, though to a lesser extent than last week. Better-than-expected US ...

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    Currency Market Trend Analysis: July 24, 2017

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

    ...tion was largely due to politics-led weakness in the USD, coupled with middling Q2 data, and worries that the Fed may not raise rates in December. Investor sentiment in the CAD was boosted further by the BoC interest rate bump, and higher-than-expected Can...

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    Currency Market Trend Analysis: July 17, 2017

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

    ...ear-future. The BoC raised the repo rate by 25 bp last week – an anticipated event that was already priced in to exchange rates.  The CAD is likely to trade steady until Friday, at which point the new CPI data will be the main driver of vola...

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    Currency Market Trend Analysis: July 10, 2017

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

    ...the USD, following the release of the Eurozone Sentix Investor Confidence data. This is a fairly data-light week for the Euro – rates should be holding steady.    1. Sentix Investor Confidence: Monday July 10. 2. CPI (Germany, Jun): Thursday Ju...

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    Currency Market Trend Analysis: July 3, 2017

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

    ...arily due to comments made during a forum hosted by the European Central Bank this past week hinting at an increase in interest rates in the near future. Expect a nonvolatile week going forward.    1. Non-monetary Policy's ECB Meeting...

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    Currency Market Trend Analysis: June 26, 2017

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

      a.SignUp_Button { -moz-box-shadow: 0px 1px 0px 0px #fff6af; -webkit-box-shadow: 0px 1px 0px 0px #fff6af; box-shadow: 0px 1px 0px 0px #fff6af; background:-webkit-gradient(linear, left top, left bottom, color-stop(0.05, #ffec64), color-s...

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    Currency Market Trend Analysis: June 19, 2017

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

    ...esday’s higher-than-expected CPI inflation report; the Governor of the BoE announced that it is not time to hike interest rates, citing subdued inflationary pressure. Brexit negotiations began Monday, June 19th. Chancellor Hammond has stated that the...

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    Currency Market Trend Analysis: June 12, 2017

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

    ...May jobs report; Canada added 54.5 thousand jobs, far exceeding expectations of 11.5 thousand. The BoC is not expected to raise rates and no major economic news is due this week.  The CAD is likely to remain stable in near future, but may apprecia...

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    Foreign Exchange: Qatari Riyal Currency in Crisis

    CXI is currently unable to buy or sell any Qatari riyal.

    ...e are any changes. A recent diplomatic turmoil in the Middle East has prompted Bahrain, Egypt, Saudi Arabia, United Arab Emirates, Mauritius, Mauritania, the Maldives, Libya and Yemen to sever or suspend ties with Qatar, accusing Qatar of sup...

    Tags: qatar,riyal,central banks,foreign exchange,currency,qar,bahrain,egypt,saudi arabia,united arab emirates

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    Currency Market Trend Analysis: June 5, 2017

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

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-align: middle;} .a...

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    How Do Currency Exchange Rates Work

    Learn what makes your US dollar worth more than another currency.

    ...ernational travelers get ready for that next trip abroad, do you ever take a moment to understand how exactly currency exchange rates work? The exchange rate between two currencies is the price of a country's currency in relation to another currenc...

    Tags: foreign currency,exchange rates,currency pairs,imports,exports,currency equation,buy,sell

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    Currency Market Trend Analysis: March 27, 2017

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

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-align: middle;} .author...

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

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    Currency Market Trend Analysis: March 20, 2017

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

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-align: middle;} .author...

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

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    Currency Market Trend Analysis: February 20, 2017

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

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-align: middle;} .author...

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

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    Currency Market Trend Analysis: February 13, 2017

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

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-align: middle;} .author...

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

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    Currency Market Trend Analysis: February 06, 2017

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

    ...officially begin the Brexit process draws closer and closer. Last week, Mark Carney was dovish stating that future interest rates could move in either direction as the Bank of England held rates steady. With UK manufacturing production data as this wee...

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

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    Currency Market Trend Analysis: January 30, 2017

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

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-align: middle;} .author...

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

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    Currency Market Trend Analysis: January 23, 2017

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

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-align: middle;} .a...

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

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    Currency Market Trend Analysis: January 16, 2017

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

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-align: middle;} .author...

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

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    Currency Market Trend Analysis: January 09, 2017

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

      p{ text-align: justify; } ol {font-size:90%;} .tradingview { height:350px; } #break{display:none;} #CurrencyInsider_bottom{display:none;} .author-text {display:inline-block; text-align: left; width:70%; vertical-align: middle;} .author-i...

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

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    Currency Market Trend Analysis: August 29, 2016

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

    ...-align: left; } EUR - Euro The euro traded at a low of 1.11 against the U.S. dollar as talks of a higher U.S. interest rates were in the realm of a higher possibility. Either way the Eurozone is forecasted towards a more bearish outlook, leaving m...

    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

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    Currency Market Trend Analysis: August 22, 2016

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

    ...   p{ text-align: 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 use...

    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

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    Currency Market Trend Analysis: August 15, 2016

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

    ...   p{ text-align: 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 use...

    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

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    Reserve Bank of Australia Cuts Cash Rate to New Low

    The bank cut interest rates for the first time in a year, noting global economy's growth at a slower pace than expected.

    ...asis points, which brings it down to a new low of 1.75 percent, effective May 4, 2016.  This is the first time the interest rates have changed since May last year, according to ABC Australia news. One of the main reasons for this decision was based on ...

    Tags: reserve bank of australia,central banks,foreign currency,currency exchange,rates,australian dollar,australia,aud,travel money

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    Weekend Wanderlust

    Top social media posts our fans love from April 15 - 21.

    Photo: Harbor of Baltimore, Maryland   Twitter: How to Get the Best Currency Exchange Rate  Our best rate guarantee means that CXI's company-owned (not affiliate-owned) currency exchange locations will match or beat the exchange rate given b...

    Tags: weekend wanderlust,currency exchange,foreign currency,best rates,currencies,usd,us dollar

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    Red Bull and Atlantis Transform Water Park for Daredevils

    You won’t believe what they did to this water park in Dubai.

    Photo: lichtbildstelle.de / Red Bull Content Pool   Red Bull partnered together with Aquaventure, Atlantis the Palm Dubai’s best waterpark to bring every skateboarders' dream to life. For a whole day they shut down the waterpark and emptied...

    Tags: redbull,atlantis hotels,aquaventure,dubai,united arab emirates,travel,adventure

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    Federal Reserve Leaves Rates Unchanged

    The U.S. Federal Open Market Committee released its statement today and reached a decision.

    Photo: Stefan Fussan   After the Federal Reserve raised rates for the first time since 2006 back in December, the market seems to think it was a wrong move. And believe the Fed should leave interest rates unchanged. Washington post reports, ...

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    Canadian Dollar Cracks As International Tourism Booms

    Despite the Bank of Canada keeping interest rates unchanged tourism in Canada is gaining strength.

    Photo: morbokat   The Bank of Canada released today that it’s keeping its overnight rate at 0.5 percent. And the bank rate is correspondingly at 0.75 percent and the deposit rate is locked in at 0.25 percent. Overall the...

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    Federal Reserve Raises Rates For The First Time Since 2006

    The Fed awakens: Decision is expected to make history for the U.S. economy.

      It has been nearly a decade since The Federal Reserve has raised rates. But this has now changed since the key interest rate went up to 0.25% on Wednesday. This decision to raise key interest rates has become a big moment for the U.S...

    Tags: the federal reserve,rates,economy,us dollar,markets

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    Weekly Wanderlust

    Top social media posts our fans love from November 25 - December 3.

      Facebook: Dubai Announces World’s First Underwater Tennis Court An architect has come up with a concept for an underwater tennis court in Dubai. Which would bring an abundance of sea life to the area for spectators to view. It’s set to bri...

    Tags: weekly wanderlust,photography,travel,dubai,united arab emirates,travel,tennis,destinations,architecture

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    Dubai Announces World's First Underwater Tennis Court

    New tennis court set to bring nature and sport together in a dramatic setting.

      An architect has come up with a concept for an underwater tennis court in Dubai.  In 2005, a court was built at the top of the 1,000-foot-tall Burj al Arab hotel to promote the Dubai Tennis Championships. Now an architect from Poland has p...

    Tags: dubai,united arab emirates,travel inspiration,architecture,adventure,travel,leisure

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    U.S. Dollar Gains Strength To Reach Euro By Year End

    For the first time since 2002, the dollar could soon be worth as much as the euro.

    ... The dollar picked up even more steam Friday after a solid United States jobs report boosted the chances that the Fed may raise rates next month on Wednesday, December 16. A week after the ECB hinted additional stimulus may arrive as soon as its Dec. ...

    Tags: dollar,euro,us dollar,money,currency,economy,foreign currency,foreign exchange,currency exchange,federal reserve bank,european central bank,rates

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    U.S. And 11 Countries Sign Contract To End Currency Manipulation

    TPP countries agree to address unfair currency practices with transparency and accountability.

      Treasury Secretary Jacob Lew, speaking at a conference in Washington, D.C., last month, says the pact announced on Thursday it will hold countries that want to manipulate their currencies accountable. The United States and 11 other countr...

    Tags: currency manipulation,currency,foreign exchange,exchange rates,tpp,foreign currency

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    China Gives Currency Biggest Boost In A Decade

    Three months after a surprise devaluation central rates were raised for the yuan.

      China on Monday raised the daily reference rate for its yuan currency by the largest margin in a decade, officials and reports said, just three months after a surprise devaluation sent shockwaves through global markets. The central People's Ba...

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    11 Airlines With The Most Wonderful Onboard Amenities

    Everything from caviar on fine china to a free massage in economy class.

    ...in America announced a partnership with Netflix that will allow travelers the luxury of binge watching at 35,000 feet. Emirates Airline Shower Spa with a controversial new $20 million commercial starring Jennifer Aniston, Emirates is pretty much the ...

    Tags: qatar airways,delta,air malta,jetblue,etihad airways,air new zealand,southwest airline,lufthansa,emirates airline,travel,leisure,airlines,amenities,perks,flights,travel tuesday,singapore airlines,virgin america,

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    Currencies Change In Speculation Of Fed Meeting

    Waiting for the Fed: Here’s how central banks reacted before today's Fed meeting.

      The Fed rate might increase at today’s meeting at 4 percent and at about 35 percent by year end, as policy makers wrestle with slower growth in China and weak commodity prices that have weighed on inflation. Sweden’s central b...

    Tags: federal reserve,rates,economy,currencies,currency exchange,foreign currency,central banks,bank of japan,sweden central bank,european central bank,australia,new zealand

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    Jennifer Aniston's Worst Nightmare Just Came True

    Lesson of the day: Wake up to flying as it should be.

      Emirates Airlines, known for its top notch service and bonkers first-class amenities, has tapped Jennifer Aniston for its new TV ad. So what is the premise? The actress walks through the economy cabin wearing nothing but a robe. She wants...

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    Here Is What Higher Fed Rates Could Mean For You

    Final countdown: All eyes are on the Fed, is it time for rates to take a hike?

      What is happening this week? The Federal Reserve has kept interest rates at historic, near zero levels for nearly seven years. If Federal Reserve officials begin raising rates on Thursday this week, what will that mean for you? Let’s take a cl...

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    Weekly Wanderlust

    Top posts shared with our fans on social media, so you never miss a thing.

    ...y on a trip by visiting your destination in an off-peak season? This chart from Hipmunk is a cheat sheet for seasonal hotel rates at popular US cities. Besides telling you when to visit one of these cities to save on hotel rates, the chart also tel...

    Tags: weekly wanderlust,best friends,travel,road trip,relationships,save,money,hotels,rates

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    5 International Destinations Where Strong Dollars Mean Cheap Vacations

    A strong U.S. Dollar means some of the best exchange rates in years in many countries.

      Favorable currency exchange rates are making overseas travel far more affordable for Americans. Some people who've been unable to afford international travel may finally be able take that dream vacation. "It definitely has an...

    Tags: foreign currency,currency,rates,travel,currency news