EURUSD) bearish on the market) analysis)💥💯💯
Updated
The US dollar fell against its major trading partners early Thursday ahead of a trio of economic releases at 8:30 am ET.
The third estimate of Q3 gross domestic product is scheduled for release at 8:30 am ET, at the same time as weekly jobless claims and the Philadelphia Federal Reserve's manufacturing reading for December.
Later, the Conference Board's leading indicators report for November is due at 10:00 am ET, followed by weekly natural gas stocks data at 10:30 am ET and the Kansas City Fed's manufacturing reading at 11:00 am ET.
A quick summary of foreign exchange activity heading into Thursday:
USDEUR
rose to 1.0982 from 1.0943 at the Wednesday US close and 1.0937 at the same time Wednesday morning. There are no EU data on Thursday's calendar but European Central Bank policy board member Philip Lane is scheduled to speak at 11:00 am ET. The next ECB meeting is set for Jan. 25.
GBPUSD
rose to 1.2663 from 1.2639 at the Wednesday US close and 1.2655 at the same time Wednesday morning. The UK CBI distributive trade survey showed expectations of a large contraction in retail spending in December, data released overnight showed. The next Bank of England meeting is scheduled for Feb. 1.
USDJPY
fell to 142.6838 from 143.5636 at Wednesday US close and 143.4100 at the same time Wednesday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Jan. 22-23.
USDCAD
fell to 1.3343 from 1.3368 at the Wednesday US close but was up from a level of 1.3338 at the same time Wednesday morning. Canada retail sales and average weekly earnings data for October are scheduled to be released at 8:30 am ET. The next Bank of Canada meeting is set for Jan. 24.
The third estimate of Q3 gross domestic product is scheduled for release at 8:30 am ET, at the same time as weekly jobless claims and the Philadelphia Federal Reserve's manufacturing reading for December.
Later, the Conference Board's leading indicators report for November is due at 10:00 am ET, followed by weekly natural gas stocks data at 10:30 am ET and the Kansas City Fed's manufacturing reading at 11:00 am ET.
A quick summary of foreign exchange activity heading into Thursday:
USDEUR
rose to 1.0982 from 1.0943 at the Wednesday US close and 1.0937 at the same time Wednesday morning. There are no EU data on Thursday's calendar but European Central Bank policy board member Philip Lane is scheduled to speak at 11:00 am ET. The next ECB meeting is set for Jan. 25.
GBPUSD
rose to 1.2663 from 1.2639 at the Wednesday US close and 1.2655 at the same time Wednesday morning. The UK CBI distributive trade survey showed expectations of a large contraction in retail spending in December, data released overnight showed. The next Bank of England meeting is scheduled for Feb. 1.
USDJPY
fell to 142.6838 from 143.5636 at Wednesday US close and 143.4100 at the same time Wednesday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Jan. 22-23.
USDCAD
fell to 1.3343 from 1.3368 at the Wednesday US close but was up from a level of 1.3338 at the same time Wednesday morning. Canada retail sales and average weekly earnings data for October are scheduled to be released at 8:30 am ET. The next Bank of Canada meeting is set for Jan. 24.
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