The British pound has soared at the start of the week. Currently, GDP/USD is trading at 1.3961, up 0.86% on the day.
The British pound is on a torrid pace. The currency jumped 0.99% last week and has padded those gains on Monday. GBP/USD is closing in on the 1.40 level, which has psychological significance. This line has been tested several times this year, and...
The Canadian dollar is slightly higher on Friday. Currently, USD/CAD is trading at 1.2513, down 0.25% on the day. On the fundamental front, Canada will release tier-2 data, including Housing Starts. In the US, today's highlight is UoM Consumer Sentiment, which is expected to accelerate to 88.9 points.
Canada's ADP job report has been bleak in recent months, with...
The Canadian dollar has reversed directions on Friday and recorded slight gains. Currently, USD/CAD is trading at 1.2592, up 0.25% on the day. It has been a relatively quiet day week for the pair, but that could change in the North American session, with the release of key employment numbers (12:30 GMT).
Canada's economy continues to grapple with the Covid-19...
The British pound has fallen for a second straight day. Currently, GDP/USD is trading at 1.3717, down 0.28% on the day. The pair is down about 1 percent since Monday and has dropped into 1.37-territory.
The pound is under pressure, and even a strong Services PMI was not enough to prevent losses on Wednesday. Service providers reported growth in March, with the...
The Canadian dollar has reversed directions on Tuesday and posted slight losses. Currently, USD/CAD is trading at 1.2549, up 0.25% on the day.
The Ivey PMI rebounded in impressive form in February, rising to 60.0, well into expansionary territory. This followed two straight readings below the 50-level, which indicated contraction. The street consensus stands at...
The Australian dollar has started the week with slight gains. Currently, the pair is trading at 0.7626, up 0.25% on the day.
Friday's Nonfarm payrolls was expected to be strong, and NFP delivered big, with a read of 916 thousand, up from 379 thousand a month earlier. This figure easily beat the forecast of 652 thousand. With the US recovery gaining traction and...
The Canadian dollar has reversed directions on Thursday. Currently, USD/CAD is trading at 1.2577, up 0.13% on the day.
Since the start of 2021, the Canadian dollar is up about one percent against its US cousin, but there are signs that the currency may have touched bottom.
The province of Ontario, the largest in Canada, is expected to announce an expansion of...
The Australian dollar continues to have a relatively quiet week. Currently, the pair is trading at 0.7609, up 0.18% on the day.
Australia's retail sales were a major disappointment in February, as the interim report came in at -1.1%, much worse than the street consensus of +0.6%. The final February release (Thursday 12:30 GMT) is projected to show an identical...
The Canadian dollar has lost ground for a second straight day. Currently, USD/CAD is trading at 1.2634, up 0.35% on the day. Earlier in the day, USD/CAD touched a high of 1.2674, its highest level since March 10th.
It's been a quiet start to the week for USD/CAD, with no Canadian events. That will change on Wednesday, with the release of Canada's GDP for January....
The Swiss franc has started the week quietly. Currently, USD/CHF is trading at 0.9398, up 0.08% on the day.
The KoF Economic Barometer, a key indicator of business confidence, will be released on Tuesday (7:00 GMT). The KoF slipped below its long-term average of 100 in January, with a reading of 96.5. The indicator rebounded in February, rising to 102.7 and the...
The Swiss franc is unchanged in Thursday trading. Currently, USD/CHF is trading at 0.9353, down 0.02% on the day.
There were no surprises from the Swiss National Bank, which held its policy meeting on Wednesday. As expected, the bank maintained its key rate at -0.75%. The bank tweaked its inflation forecast for 2021 to 0.2%, slightly higher than the 0% forecast...
The euro continues to head south in Wednesday trading. Currently, EUR/USD is trading at 1.1828, down 0.17% on the day.
Just four weeks ago, EUR/USD was basking above the 122 level and looking strong against the US dollar. Fast forward to the present, and the euro is struggling to keep above the 1.18 level as its trades at its lowest level since November 23rd....
The British pound has recorded considerable losses on Wednesday and fallen below the 1.38 line. Currently, GDP/USD is trading at 1.3775, down 0.63% on the day.
The UK released a mixed employment report earlier on Tuesday. In February, claims jumped to 86.6 thousand, compared to the forecast of 9.0 thousand. This was the highest claim count since July. The...
The Japanese yen is almost unchanged in the Monday session. Currently, USD/JPY is trading at 108.74, down 0.09% on the day.
The Japanese yen remains vulnerable and the symbolic 109 level is under strong pressure. The dollar has had its way with the yen in 2021, as USD/JPY has jumped 5.5% this year. Last week, the pair climbed to 109.36, its highest level since...
The Australian dollar is in negative territory for a second straight day. Currently, the pair is trading at 0.7727, down 0.43% on the day.
Australia's retail sales started off 2o21 on a decidedly sour note, as the January report came in at -1.1%, much worse than the street consensus of +0.6%. The decline is attributable to Covid restrictions, which had a negative...
The Canadian dollar is considerably lower in the Thursday session. Currently, USD/CAD is trading at 1.2474, up 0.56% on the day.
Canada releases Retail Sales for January on Friday (12:30 GMT), with the street consensus pointing to declines. Headline retail sales is expected at -3.0%, while Core Retail Sales is projected at -2.8%. Both indicators registered...
The Australian dollar is having a quiet Tuesday session. Currently, the pair is trading at 0.7744, down 0.14% on the day.
The RBA minutes were a non-market mover on Tuesday, as there were no surprises from the central bank. The committee remains focused on employment and wage expectations. The minutes noted the sharp appreciation in the Australian dollar since...
The Australian dollar is in negative territory in the Monday session. Currently, the pair is trading at 0.7739, down 0.29% on the day.
The RBA releases the minutes of its March meeting early on Tuesday (00:30 GMT). At the meeting, policymakers maintained the Cash Rate at 0.10%, where it has been pegged since November. The RBA statement pledged that the record low...
