Home / Tag Archives: usd

Tag Archives: usd

Gold Drops as Markets Anxiously Await British Election Results

Gold continues to lose ground, and is down 0.77% in the Thursday session. In North American trade, spot gold is trading at $1278.12 per ounce. The markets are keeping a close eye as FBI Director James Comey testifies before a Senate Committee. As well, voters in the UK are choosing a new parliament. It’s Election Day in the UK, as an election campaign marred by deadly terrorist ...

Read More »

Oil Drops After Build Up of Oil Inventories in US

Oil prices dipped on Wednesday on renewed concerns about the efficacy of OPEC-led production cuts due to rising tensions within the export group over Qatar and growing U.S. output. Brent crude prices LCOc1 were at $49.70 per barrel at 1351 GMT, down 42 cents. Brent is about 8 percent below its open on May 25, when OPEC and other producers agreed to extend oil output cuts through to the first quarter of 2018. U.S. ...

Read More »

USD Lower Versus Yen Awaiting Action Packed Thursday

The dollar weakened to a more than six-week low against the yen on Tuesday, dipping below a key technical level as Treasury debt yields slipped on increased caution ahead of a trio of potentially market moving events on Thursday. Nervous investors piled into low-risk bonds and other safe-haven assets on worries linked to Britain’s general election, the European Central Bank’s policy meeting and former FBI Director James Comey’s testimony...

Read More »

Canada: International Merchandise Trade, April 2017

Canada’s merchandise trade balance with the world narrowed to a $370 million deficit in April, from a revised $936 million deficit in March. Exports rose 1.8% to $47.7 billion, led by higher exports of passenger cars and light trucks. Imports were up 0.6% to $48.1 billion, on the strength of import prices. Canada’s trade activity has been strong ...

Read More »

USD Higher Ahead of NFP

Dollar Rebounds After Strong Private Job Gains The US dollar is higher against major pairs on Thursday after the ADP added 253,000 jobs in May beating expectations of a 181,000 gain. The Institute for Supply Management (ISM) released the manufacturing index showing a slight gain in April overall holding steady and sending a positive signal on the US manufacturing sector. The dollar has ...

Read More »

Gold Edges Lower as ADP Nonfarm Payrolls Sparkles

Gold prices have dipped lower in the Thursday session. In North American trade, spot gold is trading at $1263.22 an ounce. It’s a very busy day on the release front. US employment numbers were mixed, as the ADP Nonfarm Employment Changed jumped to 253 thousand, easily beating the estimate of 181 thousand. Unemployment claims was softer than expected, climbing to 248 thousand. The markets...

Read More »

Why all the Risk?

Why all the Risk? European risk steadied overnight after yesterday’s  very wobbly Asia session when   Greek government spokesman Tzanakopoulos denied the  German newspaper Bild report that Greece could forego next bailout payment. But for those of us that worked through the Greek debt saga,  this has an all too familiar ring suggesting there’s likely more drama to unfold. The Merkle -Trump War of Words is catching dealers attention after President Trump called out Germany’s...

Read More »

Pound Recovering After Weekend Polls Showed Shrinking Conservative Lead

Britain’s pound was the main mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week’s elections even if the scale of victory is in question. Sterling had its worst day since early February on Friday and fell around 2 cents last week as polls showed May’s lead over the opposition Labour Party had ...

Read More »

Weekly FX Update – 26 May 2017 (Video)

In this week’s FX update, Senior Market Analyst Craig Erlam discusses some of this week’s key themes impacting financial markets and gives his analysis on EURUSD (0:20), GBPUSD (3:15), EURGBP (5:48), AUDUSD (7:45), USDCAD (11:43), NZDUSD (14:22), USDJPY (16:04), GBPJPY (17:58) and EURJPY (19:43). Week Ahead US Political Risk and Data to Guide Markets Soft End to the Week as Oil Drags Pound Slips on British ...

Read More »

Pound Slips on British Election Polls, Strong US GDP

Its been a rough outing for the British pound, as GBP/USD has dropped 1.0 percent in the Friday session. In North American trade, the pair is trading just above the 1.28 line. On the release front, US Preliminary GDP for the first quarter posted a strong gain of 1.2%, beating the estimate of 0.9%. This was a strong improvement over the Advance GDP release in April, which showed a gain of 0.7%. However, the news was not as ...

Read More »
error: Content is protected !!