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Good morning, The USD resumed its upward move overnight, after having a mixed day during yesterday’s trading sessions. The USD continued its upward move, despite a CPI release yesterday that showed CPI retreated 1.1% year on year in April …
Good morning, A quiet night of overnight trading has seen the US dollar give back a bit, as the markets consolidate after the run-up in the greenback that started last week. EUR crept back above 1.3000, the GBP moved …
Good morning, Back in the 1980’s a corporate trader when asked about her thoughts on the USD simply stated, “buy dollars, wear diamonds!!”. That comment is once again looking a prophetic as we enter a new week. Over …
Good morning and Happy Friday, The resurgence of the USD versus the JPY continued overnight as the USD/JPY moved past the 101 level towards a high so far of 101.39. A report issued overnight in Japan showed that Japanese …
Good morning, Following another strong day in the US equity markets, which saw the DOW set another record, closing at 15,105, both the AUD and the NZD moved higher in overnight trading. The AUD was helped by unexpected growth …
Good morning, Once again the USD/JPY is aiming towards the 100.00 level, having tested resistance at the 99.44 level in overnight trading. The JPY is lower against most currencies. Japan was closed today for a banking holiday (Children’s Day). …
Good morning, The April US Non-Farm Payroll number rose 165,000. Unemployment rate fell to 7.5%, the lowest since December, 2008 Average earning up 0.2% March number revised up from 88,000 to 138,000 February number revised up from 268,000 to 332,000 …
Good morning, A very busy week of economic releases and central bank meetings comes to an end this morning with the release of US April non-farm payroll and that month’s unemployment rate. Analysts are calling for a increase in …
The Bank of Canada has appointed Stephen Poloz as their new Bank of Canada governor. Mr. Poloz, who up until now held the position of chief executive of Export Develoment Canada, the export credit agency, will be replacing Mark Carney, …
Good afternoon, The dust is still settling after ECB President Mario Draghi shook up the markets this morning at this press conference following the ECB monthly meeting. At that meeting, the ECB decided to lower interest rates by 25 …
