The Canadian dollar has started the week with strong gains, recovering after sharp losses at the end of the week. There are no Canadian tier-1 events on the calendar, so US numbers will have a magnified impact on the movement of the Canadian dollar.
The US nonfarm payrolls outperformed in spectacular style, posting a gain of 467 thousand jobs in January. Many...
The British pound is slightly lower in Friday trading. It has been an excellent week for GBP/USD, which has gained 1.26%. If the pound can maintain these gains during the day, it will mark the currency's best weekly showing since December 2020.
As was widely predicted, the BoE raised rates by 0.25% at Thursday's meeting. This brings the key rate 0.50% and was...
The Australian dollar headed lower earlier in the day before recovering. In the North American session, AUD/USD is trading at 0.7137, down 0.01% on the day.
The RBA policy meeting went as expected, with the bank winding up its bond asset programme while preaching caution. Governor Lowe stressed that the end of QE did not mean that a rate rise was imminent and...
The Canadian dollar is flat on Wednesday, trading at 1.2685 in the North American session.
Canada's GDP outperformed in November, but the positive news wasn't enough to move the sleepy Canadian dollar. GDP expanded by 0.6%, above the consensus of 0.4%. The growth was broad-based across the economy and GDP has now pushed above its pre-pandemic level in February...
The Aussie has rebounded nicely this week, recovering half the losses from last week, when it tumbled 2.5%. AUD/USD has edged higher and is trading just below the 0.71 level in the European session.
There were no surprises from the RBA policy meeting earlier today. The central bank held the Cash Rate at a record low of 0.10% and announced that it would wind up...
It was a week to forget for the Canadian dollar. USD/CAD jumped 1.51%, marking the Canadian dollar's worst weekly performance since mid-August. The currency is in positive territory, as USD/CAD is down 0.31% on the day.
Canada releases the Raw Materials Price Index later today. The inflation index is expected to decline -1.3%, following a -1.1% beforehand. This...
The US dollar is running roughshod over the Swiss franc this week. USD/CHF has shot up 2.16% this week, rising to its highest level since November. In the European session, the Swiss franc is trading slightly above the 0.93 level.
The KoF Economic Barometer, a key indicator, rose to 107.8 in January, up slightly from 107.2 beforehand. The economy continues to be...
What started off as a calm week has turned into a rout. The euro is down 0.83% in the North American session and has fallen into 1.11 territory for the first time since June 2020. The currency has taken a nasty spill this week, falling a massive 1.73%.
The markets are still buzzing over the hawkish Fed meeting, which has overshadowed today's stellar US GDP...
The pound has been range-bound against the Canadian dollar for the last week and that remains the case so far today, despite the Bank of Canada holding off on raising interest rates.
It had been expected to start the tightening cycle today, with the market's pricing in up to five more over the course of the year after inflation hit a 30-year high and the labour...
It's been a wild ride so far this year and there may still be plenty more to come.
The NAS100 has smashed through key support levels on an almost weekly basis and now sits around 15% off its highs, thanks to a remarkable rebound on Monday.
The index has trended lower once more today but remains above yesterday's lows which could be a promising signal....
It's been an awful couple of months for bitcoin, plunging more than 50% from its highs and looking extremely vulnerable to further losses.
What started as a correction in the cryptocurrency has morphed into part of a broader sell-off that's pummelled bitcoin along with other risk assets. The concerning thing for bitcoin is that there is still plenty of anxiety in...
The Canadian dollar continues to tread in choppy waters, as it trades slightly above the symbolic 1.25 line.
The week will wrap up with Canada releasing retail sales, the primary gauge of consumer spending. For November, the headline reading is expected to slow to 1.2% y/y (1.6% prior) and core retail sales are forecast to remain unchanged at 1.2%.
Canadian...
The Japanese yen has edged higher for a second straight day. In the North American session, USD/JPY is trading at the 114.00 line.
In economic news, Japan releases December inflation data and the BoJ will publish the minutes of its December meeting. In the US, economic releases were mixed. Unemployment claims jumped to 287 thousand, above the forecast of 220...
The Australian dollar has reversed directions and pushed above the 72 line. In the North American session, AUD/USD is trading at 0.7224, up 0.54% on the day.
Australia will release December employment numbers in Thursday's Asian session. The economy is expected to have created 43 thousand new jobs, which would be a modest gain compared to the monster spike of 366...
The US dollar has posted small gains, as USD/JPY briefly punched above the 115 line in the Asian session. The yen looked golden last week with gains of 1.15%, but has given up half of those gains so far this week.
The Bank of Japan's policy meetings are generally uneventful affairs, with the bank reaffirming its monetary policy. The bank did maintain policy,...
The US dollar has edged higher at the start of the week. In the European session, USD/JPY is trading at 114.56, up 0.36% on the day. The yen is coming off its best week since November 2020, with USD/JPY falling by 1.15% last week.
US Treasury yields have taken the yen on a roller-coaster ride. Earlier this month, USD/JPY punched above the 1.16 line, as 10-year US...
The British pound has posted very slight gains on Friday. In the European session, GBP/USD is trading at 1.3720, up 0.09% on the day.
The pound is yawning despite better than expected UK data today. GDP jumped 0.9% m/m in November, above the consensus of 0.4%, while Manufacturing Production rose 1.1% m/m, crushing the estimate of 0.2%. Both readings were above...
The Japanese yen has extended its gains as USD/JPY trades at a 3-week low. In the North American session, USD/JPY is trading at 114.25, down 0.35% on the day. Will the yen break into 113-territory before the end of the week?
The Japanese yen has jumped onto the currency bandwagon this week, taking advantage of a US dollar in retreat. USD/JPY has dropped 1.11%...
