Forex and the Economy

USD/CAD – Canadian dollar dips to 2-week low as risk appetite softens

USD/CAD has edged higher in the Tuesday session. Currently, the pair is trading at 1.3328, up 0.24% on the day and at its highest level since January 7. On the release front, Canada publishes Manufacturing Sales, which has posted two declines in the past three months. The estimate for the November ...

Profit taking seen in light trading

US paring gains after bank holiday weekend The US returns from its long bank holiday weekend on Tuesday with stock market in profit taking mode, following four consecutive weeks of gains. It would appear that investors took advantage of light bank holiday trade on Monday to lock in some profits fol ...

Appetite for market risk is very low

Tuesday January 22: Five things the markets are talking about Appetite for risk in this holiday shorted week starts on the low side with Euro and Asia equities under pressure in their respective sessions, along with U.S futures, as an uncertain outlook for global trade and growth continues to inhib ...

EUR/USD – Euro yawns as German consumer confidence beats estimate

EUR/USD is showing little movement in the Tuesday session. Currently, the pair is trading at 1.1363, down 0.04% on the day. On the release front, Germany releases ZEW Consumer Sentiment remains weak, but improved to -15.5 points. This was better than the estimate of -18.8 points. Eurozone ZEW Econo ...

Commodities Weekly: Gold struggles for upward momentum

Slower Chinese GDP growth in the fourth quarter and a resurgent US dollar have taken a bit of the shine off some commodities. NOTE: The US government shutdown is still preventing the publication of the weekly Commitment of Traders report by CFTC. The latest published data is only at December 18. Pr ...

Daily Markets Broadcast 2019-01-22

Daily Markets Broadcast 2019-01-22 US indices snap winning streak US equity markets were closed yesterday, but index futures retreated following the release of China’s Q4 GDP data. PM May’s Plan B appears to focus on delaying Brexit to get better concessions from the EU.   US30USD Daily Chart ...

Markets Rebound from China Slowdown on Trade Hopes

FX – Dollar not slowing down despite holiday and ongoing partial shutdown OIL – Energy Hit by China Slowdown But Trade Optimism Boosts Prices GOLD – Yellow metal falls on thin North American volumes FX – Dollar not slowing down despite holiday and ongoing partial shutdown The US dollar i ...

GBP/USD – British pound ahead of next Brexit round

GBP/USD has ticked lower in the Monday session. In North American trade, the pair is trading at 1.2869, down 0.03% on the day. On the release front, U.S. banks are closed for a holiday, and there are no U.S. or British indicators. British Prime Minister May is expected to speak as she tables a new ...

USD/JPY – Japanese yen steady, investors eye BoJ statement

USD/JPY is quiet at the start of the week. In Monday’s North American session, the pair is trading at 109.67, down 0.09% on the day. In economic news, U.S banks are closed for a holiday. With no U.S or Japanese events on the schedule, traders can expect limited movement from the pair on Monday. O ...

A Weakening Global Expansion Amid Growing Risks

By Gita Gopinath عربي, 中文, Español, Français, 日本語, Português, Русский While global growth in 2018 remained close to postcrisis highs, the global expansion is weakening and at a rate that is somewhat faster than expected. This update of the World Economic Outlook (WEO ...