What’s on the Economic Horizon
US: Weekly Unemployment Claims, Philly Fed Index Due Today
CAD: CPI to increase?
UK November Retail Sales Probably Rose
Wow, these dollar bulls are tough. For awhile, it seemed that they were starting to loosen their grips on the market, when the dollar started to give back some of its gains during the Asian session… But when the FOMC rate statement came in, the dollar bulls flexed their muscles once again for the forex world to see. More…
Unlike its peers, the pound refused to give way to US dollar strength. The cable surged to a high of 1.6411 as the UK reported a surprise improvement in its labor market. Traders banked on these strong employment numbers, thinking that the BOE’s efforts are finally starting to pay off. More…
The Aussie hit the canvas once again and barely made the 8 count in yesterdays trading round. Most of the movement came early in the day, when the GDP report came out worse than expected, causing traders to sell the AUD. Ultimately, the AUDUSD pair closed at 0.9007. More…
The Kiwi made a change of heart after falling during the Asian session up until the start of the euro session to recover most of its losses against the dollar. The NZDUSD closed at 0.7207 after dropping to a low of 0.7156. More…