The US dollar is under some broadening pressure. It could be an unwind of fixing flows but it’s something worth watching, particularly as Treasury yields come back down. Here is a look at AUD/USD, which at times has been a forerunner of risk appetite. AUD/USD 5 mins The biggest move on the day has been USD/JPY, which is painting…
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European stocks were very strong yesterday in what looked like it could be a reversal but the bears returned today and left indexes lower on the week. On the day: Stoxx 600 -0.8% German DAX -0.1% France CAC -0.5% UK FTSE 100 -0.2% Spain IBEX +0.7% Italy’s FTSE MIB -0.5% On the week: Stoxx 600 -0.7% German DAX flat…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
UPCOMING EVENTS: Monday: US NAHB Housing Market Index. Tuesday: RBA Meeting Minutes, Canada CPI, US Housing Starts and Building Permits. Wednesday: PBoC LPR, UK CPI, Eurozone Wage Growth. Thursday: Canada PPI, US Jobless Claims. Friday: Australia/Japan/EU/UK/US Flash PMIs, Japan CPI, UK Retail Sales, Canada Retail Sales. Tuesday The Canadia CPI Y/Y is expected at 1.9% vs. 1.6% prior, while…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
Kudlow A Wall Street Journal report says Trump is tiring of a “cold war” between Howard Lutnick and Scott Bessent for the job as Treasury Secretary and is now looking at others. One is TV personality Larry Kudlow, who was director of the National Economic Council for the latter half of Trump’s first term. The report also said that…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
It’s still very early for Q4 GDP estimates but the Atlanta Fed is at 2.5%, unchanged compared to the prior update. “An increase in the nowcast of fourth-quarter real personal consumption expenditures growth was offset by a decrease in the nowcast of fourth-quarter real gross private domestic investment growth,” the report said. This article was written by Adam Button…
The Canadian Dollar continued its march lower on Friday. Canada remains inconsequential on the economic calendar. CAD traders to wait for next Tuesday’s Canadian CPI print. The Canadian Dollar (CAD) found fresh lows on Friday as broader markets continues to pivot into the safe haven Greenback. A slight miss in US Retail Sales was all it took to bolster…
