Share: The Canadian Dollar is falling back into familiar lows on Wednesday as investors pull up stakes. Canada Housing Starts came in better than expected, but risk-off flows are dominating. Thin calendar docket for the CAD until Friday’s Retail Sales. The Canadian Dollar (CAD) is falling back in the American market session as
Share: The Euro trades on the defensive against the US Dollar. Stocks in Europe close the session with marked losses. EUR/USD loses some momentum and slips back to 1.0550. The USD Index (DXY) looks bid in the low 106.00s. Eurozone final inflation figures matched the preliminary readings. Housing Starts expanded 7.0% MoM in September. The
Share: The USD/CHF reversed its course after jumping to a daily high of 0.9032 and then settling slightly above 0.9000. The USD is struggling to gather momentum on a positive market mood. The US reported strong economic activity figures from September. Rising US Treasury yields may limit the downside for the pair. In
Share: USD/JPY trades around 149.52, marking a slight gain of 0.02% from Monday. US 10-year Treasury bond yield climbs nine basis points to 4.70%, despite Philadelphia Fed Harker dovish comments. Japanese economic data to feature Balance of Trade; Yen watches for intervention threats. USD/JPY fluctuates at around 149.52 as Tuesday’s Asian session begins
Share: EUR/JPY trades with a 0.47% gain, bouncing from daily lows of 156.98. Technical indicators suggest potential upward movement, targeting the October 12 high. A successful breach of the Kumo top could pave the way to the YTD high of 159.76. The EUR/JPY pair tests the top of the Ichimoku Cloud (Kumo), at
Share: The Euro keeps the bid bias unchanged against the US Dollar. Stocks in Europe close the session with a decent advance across the board. EUR/USD faces immediate target at the 1.0600 hurdle. The USD Index (DXY) meets initial support around 106.30. German Wholesale Prices rose 0.2% MoM in September. US NY Empire State Manufacturing Index
Share: The AUD/NZD caught a firm bid on Friday, climbing into the 1.0700 handle to close out the trading week. The Aussie managed to eke out a new high for the week late in the game, climbing 0.42% for Friday. Kiwi traders will get to take first swing at the economic calendar next
Share: Canadian Dollar flows are resurfacing after Thursday’s nosedive, propped up by a reinvigorated oil bid. Canada economic data remains thin until Tuesday’s CPI print. US Dollar giving back yesterday’s gains after consumer sentiment miss. The Canadian Dollar (CAD) caught a mild recovery on Friday, paring back Thursday’s dip after broad-market risk sentiment
Share: EUR/JPY slips inside the Ichimoku Cloud after maintaining levels above it for the past three sessions. The pair breaches the October 12 low of 157.64, with potential further descent towards crucial support levels identified around 156.49/47, 156.00 mark, and Kumo’s bottom at 155.55/60. For upward momentum, the EUR/JPY needs to reclaim the
Share: The GBP/JPY extended losses into Friday trading, tapping into 181.27 and ending the week on the low side. The Pound Sterling rose to 183.82 in the mid-week, but bad data buds and souring market sentiment sent the Guppy back into the week’s lows. Coming up next week: UK labor and wages figures
