The Latest in Forex News & Analysis.

EURUSD maintaining momentum ahead of G7 meetings

By | June 7, 2018 4:37 pm | 0 Comments

EURUSD broke above the 1.18 mark and stayed there through most of the day.
The Brazilian Real continues to fall as a result of its weak equities caused by labor strife, economic uncertainty and political corruption in the presidential election.
President Trump and PM Abe met at the White house today to talk about improving trade relations, as well as the meeting with North Korea next week.

Canadian employment data tomorrow morning at 8:30.
Canada is also holding G7 meetings in Quebec this weekend.

Euro Increases to Three Week High

By | 4:36 pm | 0 Comments

Euro

Euro Still on the Rise

Euro improving due to expectations of the European Central Bank.

Midweek update

By | June 6, 2018 4:07 pm | 0 Comments

Euro had a strong day, coming off the heels of positive talk from various ECB officials.
Mexico has responded to Trump’s tariffs by imposing their own tariffs against the US, worth up to 3 billion dollars on products including pork, apple, potatoes, bourbon and cheese.
US equities remain strong , Tesla stock up 7% after a vote of confidence from shareholders

United States Dollar Declines Due To U.S. Data

By | 4:02 pm | 0 Comments

United States

United States Dollar on the Decline

Due to recent data, the United States dollar dipped on Wednesday.

Strong day for GBP

By | June 5, 2018 4:21 pm | 0 Comments

Busy day on the FX market as expected.
Real strong day for cable, starting with the PMI being stronger than expected. GBP made gains in pairs across the board.
Some Dollar weakness today despite ISM non-manufacturing PMI coming in stronger than forecasted.
Gold jumped above the 1,300-dollar mark and still looking to hold that mark.
On the same day Apple is closing in on becoming the first 1 trillion-dollar US company, it helped push the Nasdaq up over its all time high for a second straight day.
USA asked OPEC to increase production of 1 million barrels per day.

Look ahead for yet another busy 24 hours
9:30 EDST tonight AUD GDP q/q report
Trade balance numbers for CAD and AUD coming tomorrow at 8:30am and 9:30pm EDST respectively.

Bitcoin and other Cryptos on the Rise

By | 3:11 pm | 0 Comments

BTC

Cryptos on the Rise

Cryptocurrencies are on the rise due to bitcoins recent lack of volatility.

USD Grows After NAFTA Talks

By | 12:28 pm | 0 Comments

USD Strengthening

The USD reached the strongest it had been since January 2017.

Tariff Crisis

By | June 4, 2018 4:25 pm | 0 Comments

Oil was the big mover today, falling below the 65 mark ahead of OPEC meeting.
The tariff crisis looks like it isn’t going away any time soon.
G7 finance chiefs issued a rare rebuke of the decision from President Trump.

Look ahead for what should be a much busier day tomorrow
RBA interest rate statement at 12:30am EDST, as well as AUS GDP q/q later at night.
GBP Purchasing Managers Index 4:30am.
USD Non-Manufacturing ISM report 10:00am.

Mark your calendars President Trump and Kim Jung Un have set a date and time to meet in Singapore for Tuesday, June 12th at 9:00am SGT (9:00PM EDST, June 11th).

GBP declines due to Brexit concerns

By | 3:00 pm | 0 Comments

GBP this week

GBP dipped this Monday when concerns about Brexit made the forecast for the currency unclear.

A look at the week ahead..

By | June 1, 2018 3:45 pm | 0 Comments

Here is a quick look at the economic week ahead. There are a number of economic data events of high importance.

June 4th

UK Construction PMI

June 5th

RBA Rate Statement and Cash Rate

UK Services PMI

US ISM Non-Manufacturing PMI

Aussie GDP

June 6th

Canadian Trade Balance

US Oil Inventories

Aussie Trade Balance

June 8th

Canadian Employment Data

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