EUR Sees Mild Gains in Overnight Trading
January 17, 2012 9:28 am by Dan EduardThe EUR saw mild bullish movement during the overnight session, as a better than expected Chinese GDP figure boosted appeal for riskier assets. While the currency is still overwhelmingly down against its main rivals, the Chinese data provided it ...
Canadian Inflation Higher than Market Forecasts
October 21, 2011 3:37 pm by Greg HoldenReports out this afternoon on the Canadian consumer price index (CPI) revealed an economy which may be experiencing a modest boom in growth. The figures revealed better than forecast numbers, helping the Canadian dollar (CAD) gain in today’s end-of-week trading.
Canadian GDP Returns to Growth
August 31, 2011 5:09 pm by Greg HoldenUpdated from the previous month’s downturn in GDP data, the Canadian economy appears to have reentered expansion this month. Canada’s release of GDP data is unique, however, in that it is published on a month-by-month basis instead of quarterly like ...
Canadian Wholesale Sales Up in June
July 20, 2011 3:10 pm by Greg HoldenA report from Statistics Canada this morning highlighted a growth in wholesale sales across the northern giant. The Canadian dollar (CAD) has been experiencing wide swings in value from shifts in risk aversion and spasmodic commodity price action these past ...
Canada Drawing Heavy Foreign Investment
July 18, 2011 5:04 pm by Greg HoldenA report out of Canada early this afternoon pointed towards a significant rise in foreign investment within the Canadian economy this past month. The CAD may be seeing downward price action from regional woes and risk aversion, but data such ...
Canadian Housing Market Continues to Expand
July 11, 2011 7:03 pm by Greg HoldenFollowing last week’s article on the Canadian housing sector asking, “Is it Time to Buy a House in Canada?” traders were subjected to yet more data which offers a nudge to answer in the affirmative. Today’s report on housing starts ...
Canadian GDP Beats Forecast after CPI Hints at Growth
June 30, 2011 8:12 pm by Greg HoldenThe agency Statistics Canada released news this afternoon in line with what several analysts were expecting after yesterday’s CPI figures. Canadian GDP stagnated at 0% growth for the past month, but was optimistically above the forecast contraction of 0.1% and ...
European Inflation Data to Underscore Current Tightening Cycle
May 16, 2011 7:24 am by Russell GlaserToday’s release of European inflation data is expected to show continued price pressures in the EU and may force the ECB to raise interest rates in the July meeting. While this may be a positive for the euro, technical signals ...
CAD Lower as Canadian Economic Data Flat this Week
May 13, 2011 12:00 am by Greg HoldenThe Canadian dollar (CAD) has been stagnating this week with much of the economic news out of Canada appearing flat. Today’s New House Price Index (NHPI) released by Statistics Canada, as an example, revealed 0% growth in the price of ...
EUR Weathers Storm, Continues Gaining
May 4, 2011 4:38 pm by Greg HoldenThe euro has surprisingly held its ground lately, despite the sell-off during this morning’s Asian trading sessions, which saw a downturn in commodity-linked currencies like the Aussie (AUD), Kiwi (NZD) and Loonie (CAD).
