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2019-03-04 08:15

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 step in at support in 1.1320-30s.
• GBPUSD trading quietly as traders await more Brexit headlines.
• AUDUSD moderately bid ahead of RBA rate decision at 10:30pmET tonight.
• USDJPY holding gains as the S&Ps react positively to some positive US/China trade headlines from the WSJ.

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

Posted By Isabella Guevara at 08:15 AM

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2019-03-01 08:15

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 leaking lower but finding buyers so far in 1.3210-40 chart support zone.
• AUDUSD following EURUSD and copper prices higher this morning.
• USDJPY rockets higher to 112.00 level as US yields continue to rally.

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

Posted By Jennifer Danuff at 08:15 AM

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2019-02-04 08:15

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 weaker than expected UK Construction PMI.
• USDCAD find bid as oil prices fall back below $55.
• Chinese markets closed for week-long Lunar New Year holidays.

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

Posted By Isabella Guevara at 08:15 AM

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2019-01-14 09:15

Dismal Chinese trade data sours risk sentiment to start week

• Chinese imports fall 7.6% YoY in December.
• S&Ps, oil and copper offered, while JPY and USD bid.
• Sterling moderately bid ahead of key Brexit vote in Parliament tomorrow.
• This week’s light economic calendar features US PPI (tomorrow) and Canadian CPI (Friday).
• US government shutdown continues. CFTC still cannot publish weekly FX futures positions report.
• This week’s US Retail Sales and US Industrial Production reports will also be delayed.

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

Posted By Isabella Guevara at 09:15 AM

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2018-05-24 08:15

USDJPY off on Trump/NK headlines. GBPUSD bid post UK Retail Sales. USDCAD recovers on crude oil selling.

USDJPY off on Trump/NK headlines
GBPUSD bid post UK Retail Sales
USDCAD recovers on crude oil selling

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

Posted By Rachel Butler at 08:15 AM

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2018-05-08 08:09

Powell comments, Iran deal angst, strong technicals drives broader USD to new swing highs. Trump Iran annoucement at 2pmET. USDCAD breaks higher.

Powell comments, Iran deal angst, strong technicals drives broader USD to new swing highs.
Trump Iran annoucement at 2pmET.
USDCAD breaks higher.

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

Posted By Ryan Graham at 08:09 AM

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2018-04-09 08:15

USDCNH leading early FX flows. Some CAD data ahead today. Watch EURUSD chart resistance.

USDCNH leading early FX flows.
Some CAD data ahead today.
Watch EURUSD chart resistance.

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

Posted By Jennifer Danuff at 08:15 AM

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