The Latest in Forex News & Analysis.

GBP declines due to Brexit concerns

By | June 4, 2018 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

Trump tweets ahead of NFP data

By | 2:32 pm | 0 Comments

This morning at 7:21am, President Trump sent out a seemingly casual, yet powerful tweet that turned out to be a possible foreshadow of data to come.

The President tweeted the following about one hour before the employment data was released at 8:30am:

As it turns out, the employment data came in strong as jobs and wages are up and the unemployment rate is down.

There has been a great deal of chatter and speculation circulating about the tweet since. Opinions are varied and continue to keep rolling in. The center of focus are the intentions of the President’s tweet and the potential legality of it.

US Tariffs Announced

By | May 31, 2018 10:29 am | 0 Comments

The United States announced its plans to impose tariffs on steel and aluminum imported from Canada, Mexico and the European Union. United States equity took a bit of a dip as a result of this decision, causing a rippling effect with Dollar pairs.

Although these tariffs will be imposed, it seems that NAFTA negotiations will continue as we move forward.

The trade war remains clouded with speculation as we wait with two main questions – what will happen next? Which countries will be involved next?

Be on the lookout for reactions and/or countermeasures from Canada, Mexico and the European Union.

Bank of Canada Rate Statement

By | May 30, 2018 10:39 am | 0 Comments

The Canadian Dollar flew this morning on the back of the Canadian rate announcement. Sending Dollar Canada into a nosedive, over a big figure lower. All Canadian crosses experienced sharp moves as well, reacting accordingly to the sudden Canadian Dollar strength.

The Bank of Canada left their rates unchanged at 1.25%, which what was expected. However, the move was generated from the language of the Rate Statement. The removal of their “cautious” language in their approach to their rates. It is likely that inflation will be higher even though the BOC maintains its target of 2%.

It was a very confident statement that left us with a positive and upbeat view of the Canadian economy moving forward.


By | May 29, 2018 4:03 pm | 0 Comments

Canadian Prime Minister Trudeau said “No NAFTA is better than a bad deal and we’ve made that very clear to the (US) president”.

$CAD onto 1.30 handle for the first time since early March.

May 28 week schedule

By | May 27, 2018 7:46 pm | 0 Comments

Monday May 28 is a holiday in both UK and USA

Main event would be Friday’s US Labor data, market consensus +190k NFP and 3.9% unemployment

US-North Korea meeting

By | May 24, 2018 6:56 pm | 0 Comments

North Korea says it’s willing to meet with U.S. at any time.

Risk-off move accelerated today in NY after President Trump said he cancelled the meeting with North Korea leader scheduled June 12 in Singapore.

$JPY briefly broke below 109.00 while DJIA lost almost 300 point at one stage, but recovered some of the losses towards closing.

post FOMC Minutes market

By | May 23, 2018 5:38 pm | 0 Comments

US Dollar is trading marginally lower after FOMC minutes, USTreasury yield coming lower as well, 10 year breaking below 3.0%.

Stock market in the meantime finishing the day in positive territory, DJIA recovered back above water closed up 0.2%.

FOMC Minutes

By | 4:04 pm | 0 Comments

The news out of the Fed minutes today delivered a small blow to the dollar. It started selling off a bit on the back of the minutes, putting a brief halt on its recent momentum.

The Fed seemingly confirmed what was widely expected and anticipated – a June rate hike. The Fed continues to maintain their 2% inflation target. If rates continue to increase, it appears that Fed funds will head toward a neutral level.

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