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- Submitted Jul 17, 2015|From marketpulse.com
RBA Minutes and Governor Speech Will Make Case for Weaker AUD The Reserve Bank of Australia (RBA) held interest rates on July 7, 2015 at 2 percent the minutes from that meeting will be release on Monday, July 20 at 9:30 pm EDT. RBA Governor Glenn ...
- Submitted Jun 30, 2015|From marketpulse.com|1 comment
With Greece’s fateful, upcoming weekend referendum top-of-mind, investors will divert their attentions to the U.S. nonfarm payrolls (NFP) report when it is published on July 2 at 8:30 a.m. EDT. Traditionally the NFP release date is always the first ...
- Submitted Jun 26, 2015|From marketpulse.com|1 comment
Another week in the forex markets and another Greece-Europe deal hangs in the balance. The schedule for next week is packed with indicator releases from all corners of the globe. When Monday’s market open comes, there will be a final answer to the ...
- Submitted Jun 24, 2015|From marketpulse.com
The USD/CAD gained 0.445 percent in the last 24 hours. The currency pair broke through the 1.24 price level as the crude and gasoline inventories were published, but has settled slightly lower at 1.2391. The Canadian economy is highly dependant on ...
- Submitted Jun 23, 2015|From marketpulse.com|1 comment
The Canadian dollar has been under pressure as economic data out of the United States and statements from Federal Reserve members have boosted the U.S. dollar. The majority of the market’s focus this week was going to be centered on the European ...
- Submitted Jun 19, 2015|From marketpulse.com|6 comments
The meeting of European Finance Ministers held in Luxembourg on Thursday, June 18 failed to make further inroads towards unlocking the Greek agreement negotiations. The European Central Bank has increased the amount of emergency funds to Greek Banks ...
- Submitted Jun 12, 2015|From marketpulse.com|1 comment
The Federal Reserve takes center stage this week with June’s Federal Open Market Committee (FOMC) meeting. There is no rate hike expected at this meeting but the press conference following the FOMC statement will have an impact on the forex market. ...
- Submitted Jun 12, 2015|From marketpulse.com|1 comment
On June 17 the Bank of England (BoE) will publish the minutes from its Monetary Policy Committee (MPC) meeting earlier this month. The vote is likely to remain at zero against versus nine in favor to hold the Old Lady’s benchmark interest rate at ...
- Submitted Jun 6, 2015|From marketpulse.com|1 comment
The roller-coaster ride that is the EUR/USD was full of thrills and spills the first week of June. Optimism turned to pessimism as Greece and the rest of the European Union drifted apart after what seemed to be a real chance of an agreement. The ...
- Submitted Jun 5, 2015|From marketpulse.com|1 comment
For the second consecutive day, the AUD/USD fell. Australian retail sales numbers and trade data had weakened the Aussie dollar ahead of the U.S. nonfarm payrolls (NFP) report. Australian retail sales were expected to rise 0.3% but the release was ...
- Submitted Jun 3, 2015|From marketpulse.com|3 comments
The British benchmark rate is expected to remain at record low 0.50% when the Bank of England (BoE) makes its monthly rate statement on June 4. Of concern is the slowing pace of the United Kingdom’s economy considering the impressive growth rate it ...
- Submitted May 30, 2015|From marketpulse.com|1 comment
The first week of June comes full of economic releases, official bank rate statements, Greek debt deadlines, and if that wasn’t enough, the biggest indicator in the forex market, the nonfarm payrolls report. The U.S. will have a chance to regain the ...
- Submitted May 28, 2015|From marketpulse.com|3 comments
The USD was punished after the first preliminary release of GDP data across the board. Interest rate divergence has been the main driver of USD strength, but with the evidence of a weaker U.S. economy accumulating the market revalued the currency. ...
- Submitted May 27, 2015|From marketpulse.com|1 comment
The USD/CAD continues to climb higher as the USD rally keeps gathering momentum. The week started with a holiday for the U.S. and parts of Europe that resulted in thin volume. Yesterday with all markets online the USD started where it left off on ...
- Submitted May 26, 2015|From marketpulse.com
The USD/CAD pair rocketed above its tight trading range on Tuesday. The Memorial Day holiday stateside yesterday ensured trading was thin and it kept the USD/CAD restricted to a narrow range of 1.2270-1.2320. The USD finished last week strongly ...
- Submitted May 22, 2015|From marketpulse.com
The Bank of Canada (BoC) will be the sole representative of major central banks to make an official announcement next week. BoC Governor Stephen Poloz, dubbed “Sunny Stephen” by The Economist, remains optimistic about the Canadian economy having an ...
- Submitted May 14, 2015|From marketpulse.com
Earlier this month the market witnessed an expected rate cut by the Reserve Bank of Australia, the return of the Bank of England after the general elections and a neutral Federal Reserve that keeps touting data dependency. The minutes from those ...
- Submitted May 12, 2015|From marketpulse.com
The USD has struggled to maintain its position of strength versus other currencies ever since last month’s retail sales numbers were published. Though U.S. retail sales data for March showed a small increase of 0.9%, it left the market wanting after ...
- Submitted May 9, 2015|From marketpulse.com
The Bank of England was forced to refrain from participating actively in the markets as the U.K. elections were underway. The Conservative win has allowed the central bank to come back into the market and next week the Old lady of Threadneedle ...
- Submitted May 9, 2015|From marketpulse.com|2 comments
The Eurogroup meeting this Monday has been actively preempted by comments to lower expectations. Eurogroup Chief Jeroen Dijsselbloem has said that there won’t be a deal on the 11 of May, but that he is happy with the progress made of late. Greek ...