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.
CPI Data Conflicts as Core Numbers Rise
July 15, 2011 4:41 pm by Greg HoldenThe US Bureau of Labor Statistics today published the second set of inflationary data in as many days, this time covering the consumer price index (CPI), as compared with yesterday’s producer price index (PPI). The contradictory data from the CPI ...
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 ...
Major Currencies Stable as Markets Await Further Developments.
May 16, 2011 12:42 pm by Russell GlaserThe euro came off its overnight lows but failed to move above a previous resistance/support level. Traders this afternoon will be looking for a spark in US manufacturing data after a quiet European trading session has kept the majors in ...
Euro Continues To Surge and Hits 4-Month High vs. Dollar
March 22, 2011 7:23 am by Anton EljwizatThe two main topics in the market are still the ongoing Japanese nuclear crisis and the conflict in Libya. Over the past few days it has been said that officials have made progress in cooling nuclear reactors at a crippled ...
Yen Slides after G7 Decides to Intervene in Yen’s Trading
March 18, 2011 7:24 am by Anton EljwizatThe Japanese yen continues to dominate economic news. After several days on which the yen appreciated on all fronts, the Group of seven industrial nations has decided to aid Japan by actively intervening in yen’s trading.
Heavy News Day Looks to Create Unusual Trading Opportunities
February 15, 2011 6:57 am by Yan PettersYesterday we experienced a relatively timid trading day. In the forex market, the euro fell about 120 pips vs. the U.S. dollar in morning trading, after European finance ministers decided to rule out immediate steps to fight off the region’s ...
Inflation Reports and ZEW Sentiment to Lead Today’s Markets
January 18, 2011 6:30 am by Greg HoldenWith US markets absent from yesterday’s trading due to Martin Luther King Jr. Day, the USD experienced mixed results against its currency rivals. The EUR appears to have continued paring last week’s gains while the British pound looks stronger from ...
Forex: This Week’s Economic Calendar (Jan. 10-14)
January 10, 2011 3:00 pm by Greg HoldenThe US dollar’s recent bullish surge resulted largely from positive fundamentals in the American job sector last week. Wednesday’s ADP Employment Change estimate showed private sector growth well above market forecasts. Friday’s NFP, while below expectations, still highlighted the 100,000+ ...
Debt Concerns and Flight Delays Lead this Week’s Market News
December 21, 2010 9:00 am by Anton EljwizatThe main development yesterday was the depreciating euro. The euro’s bearish movement against currencies, such as the Swiss franc, came on fears of further credit rating downgrades in Europe while global stocks wavered and investors fled from riskier assets to ...
