GBP/USD – Pound Claws Back After BoE Setback

The British pound has posted gains at the start of the week. In Monday’s North American trade, GBP/USD is trading at 1.3121, up 0.35% on the day. On the release front, there are no major releases out of the UK or the US. The UK will release British BRC Retail Sales Monitor, an important consumer spending indicator. On […]

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EUR/USD – Euro Steady Ahead of US Nonfarm Payrolls, Wage Growth

The euro continues has ticked lower in the Friday session. Currently, EUR/USD is trading at 1.1644, down 0.09% on the day. On the release front, there are no eurozone indicators on the schedule. Employment data will be in the spotlight on Friday, as the US releases Average Hourly Earnings, Nonfarm Payrolls and the unemployment rate. The […]

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Gold Yawns After Fed, BoE Rate Decisions, Fed Chair Nomination Looms

Gold has ticked higher in the Thursday session. In North American trade, the spot price for an ounce of gold is $1275.93, up 0.16% on the day. On the release front, unemployment claims dropped to 229 thousand, beating the estimate of 235 thousand. The focus will be on employment numbers on Friday, as the US releases […]

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CAC Ticks Lower as French Manufacturing PMI Misses Expectations

The CAC index is showing little movement in the Thursday session. Currently, the CAC is trading at 5,507.80, down 0.12% on the day. On the release front, French Final Manufacturing PMI remained unchanged at 56.1, missing the estimate of 56.7 points. Eurozone Final Manufacturing PMI improved to 58.5, just shy of the forecast of 58.6 […]

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DAX Edges Lower, German Data Within Expectations

The DAX has posted considerable gains in the Wednesday session. Currently, the DAX is at 13,442.00, down 0.21% on the day. On the release front, German numbers were within expectations. Final Manufacturing PMI remained unchanged at 60.5, just shy of the estimate of 60.6 points. Unemployment Change declined by 10 thousand, close to the estimate of -11 […]

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USD/CAD – Canadian Dollar Flat Ahead of Fed Statement, Poloz Testimony

The Canadian dollar is almost unchanged in the Wednesday session. Currently, USD/CAD is trading at 1.2881, down 0.05% on the day. In economic news, today’s highlight is the FOMC rate statement, with no change expected in the benchmark interest rate. Later in the day, BoC Governor Stephen Poloz  testifies before the Standing Senate Committee on […]

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DAX Unchanged as Markets Await German CPI Report

The DAX has ticked higher in the Monday session. Currently, the DAX is at 13,233.50, up 0.12%. German Retail Sales gained 0.5% in September, matching the forecast. Later in the day, Germany releases Preliminary CPI, with an estimate of 0.1%. In the US, the key event is Personal Spending, which is expected to gain 0.8%. On Tuesday, […]

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