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US Retail Sales expected to rise 0.2% m/m. German and Eurozone ZEW data ignored. US dollar opens consolidating recent moves. USDCAD: 1.3748, overnight range 1.3710-1.3757, close 1.3723, WTI $79.56, Gold,...
Political uncertainty leaves EURUSD on the defensive. Plenty of central bank meetings this week, although expectations are low. US dollar opens slightly firmer vs majors in quiet trading. ...
Bank of Japan decision disappoints traders. French political turmoil sours risk sentiment. US dollar posts gains overnight-EUR is the worst performing currency. USDCAD: open 1.3760, overnight range 1.3734-1.3767, close ...
Flat inflation and slightly hawkish Fed FOMC dot-plot projects one rate cut in 2024 US dollar recouping some of yesterday’s losses USDCAD: open 1.3742, overnight range 1.3714-1.3750, close 1.3725,...
US May CPI expected to be little changed. FOMC interest outlook in focus. US dollar eases slightly ahead of inflation data and Fed. USDCAD: open 1.3747, overnight range 1.3741-1.3761, close ...
Loonie trading sideways ahead of Wednesdays Fed meeting and CPI data. Oil prices firm on Goldman Sachs forecast. US dollar gives up a little ground overnight, but still has a...
Loonie consolidating Friday’s losses EU Politics take a right turn. US dollar’s post NFP rally is intact. USDCAD: open 1.3779, overnight range 1.3756-1.3779 close 1.3768, WTI $75.54, Gold, $2295.77. The...
Canada expected to add 22,500 jobs, US forecast to gain 185,000 jobs. ECB’s hawkish rate cut leaves EURUSD unchanged. US dollar trading with negative bias ahead of NFP. USDCAD: open...
Bank of Canada rate cut undermines Loonie ECB will cut rates 25 bps but deliver tame guidance. US dollar opens narrowly mixed compared to close. USDCAD: open 1.3687, overnight range...
Economic Outlook and Summary May was all about the Fed’s interest rate outlook—”Will they or won’t they” after the May 1 FOMC meeting. Fed Chair Powell maintained that rate decisions...
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