Consumer confidence in US continued to strengthen in December. Greenback continues to outperform its major rivals supported by upbeat data. The University of Michigan's Survey of Consumers revealed that the Index of Consumer Sentiment rose to … [Continue reading]
Canada: Retail sales likely to rise by 0.5% – TDS
Analysts at TD Securities are expecting the Canadian retail sales are expected to rise by 0.5% (TD & market) on the combination of stronger motor vehicle sales and a 0.3% increase in the ex-autos print. Key Quotes “Real retail sales should rise … [Continue reading]
FX option expiries for Dec 20 NY cut
FX option expiries for Dec 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1020 610m 1.1025 696m 1.1130 725m 1.1140 532m 1.1145 624m 1.1150 2.7bn 1.1180 … [Continue reading]
USD/CNH pierces 7.000 mark despite PBOC’s no rate change
USD/CNH ignores no rate change from the PBOC. The latest OMO from PBOC has been huge. Mixed clues concerning the domestic economy confront trade optimism and political challenges. USD/CNH surges to 7.0030 after the People’s Bank of China (PBOC) … [Continue reading]
Forex Today: Markets choppy amid looming holidays
Here is what you need to know on Friday, December 20th: The EUR/USD pair traded choppily, holding above 1.1100, with dismal US data capping the decline. The Sterling plummeted sub 1.3000 amid persistent concerns about Brexit. UK Retail … [Continue reading]
GBP/USD tumbles to test 1.3000, hits two-week lows
Pound extends slide across the board on hard Brexit fears. GBP/USD breaks 1.3050 support and drops to test 1.3000. The GBP/USD accelerated the decline amid a decline of the pound across the board. Cable dropped to 1.3005, hitting the … [Continue reading]
China’s Premier Li: Pressure on China’s economy could be even bigger next year
Pressure on China's economy could be even bigger next year, China's Premier Li Keqiang told the state media on Thursday. "China will keep economic operation within a reasonable range," Li added. Amid the fact that Li delivered similar remarks … [Continue reading]
BoJ: No fireworks – Danske Bank
Danske Bank analysts note that as per expectations, the BoJ kept its QQE with yield curve control unchanged at a meeting ending this morning. Key Quotes “It was one of the small meetings with no outlook report so no new forecasts. Overall, the … [Continue reading]
Japan BoJ Interest Rate Decision in line with expectations (-0.1%)
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.Trading foreign exchange on margin carries a high level of risk and may … [Continue reading]
AUD/USD Price Analysis: Aussie holding above 0.6840 ahead of AU Unemployment Rate
The bull flag could entice buyers to retest 0.6875 and 0.6890 levels. The level to beat for sellers the 0.6839 level. The Australian Unemployment Rate for November is to be released at 00:30 GMT on Thursday. AUD/USD daily chart The … [Continue reading]