Data/Event Risks USD: Personal spending and income the only economic release of note today. The former has been robust in recent months, but be alert because it could slow near term. Later this week, ISM and non-farm payrolls are the big releases. EUR: Just German inflation and Spanish retail sales out today. The latter could…
The Canadian dollar got very close to parity with the US dollar, as a potential rate hike can wait for a very long time. GDP and employment data are the highlights of this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Last week, the BOC Monetary Policy…
The US dollar made gains, including against the other “safe haven” currency – the yen. As one month ends and another begins, will we higher volatility? Important US data is coming our way with ADP Non-Farm Employment Change, Manufacturing PMI and jobless claims which all lead to the all important Non-Farm Payrolls – just days…
Accelerating economic growth in the United States continued to support positive outlook among Forex traders, allowing EUR/USD to rebound. Earlier, the currency pair dropped after Spanish unemployment reached a record as every fourth Spain’s citizen was without job. According to the advance estimate, US GDP grew as much as 2.0% …
The US economy continues growing slowly: 2% in the third quarter of 2012 (annualized), according to the first official GDP release. a growth rate of 1.7-1.9% was expected after a pace of 1.3% in Q2 2012. So, this is marginally above expectations. EUR/USD managed to post a small recovery and rise above 1.29 before the…
Data/Event Risks USD: The first read of Q3 GDP and Michigan confidence data. The market looks for annualised growth of 1.8%. Stronger data would help the dollar, but only modestly so. Focus remains on labour market so strong data not likely to change Fed’s stance on policy. EUR: Focus on Italy, but not likely rock…
The British economy grew by 1% in Q3 2012, according to the first release of GDP. Expectations stood on a growth rate of 0.6%. GBP/USD already managed to recover and rise above the 1.60 line yesterday, as expectations rose towards a positive figure. It traded around 1.6060 before the official publication. Read the rest of…