Fundamental Outlook: EUR/CAD
The main news from over the weekend was the announcement that Non-OPEC producers have agreed to cut output by 558,000 barrels per day starting from January. Consequently, WTI surged higher, opening above $53 per barrel, supporting CAD and commodity-linked currencies as a whole.…
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Fundamental Outlook: EUR/CAD
The main news from over the weekend was the announcement that Non-OPEC producers have agreed to cut output by 558,000 barrels per day starting from January. Consequently, WTI surged higher, opening above $53 per barrel, supporting CAD and commodity-linked currencies as a whole.…
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News Event
From Trading Economics: Japan’s producer prices decreased by 2.2 percent year-on-year in November 2016, following a 2.7 percent drop in the previous month and beating market consensus of 2.3 percent decrease. It was the 20th straight month of decline and the smallest fall since May 2015, as prices went down at a slower pace for: Transport equipment (-1 percent from -1.1 percent in October); chemicals (-5.8 percent from -6.1 percent); petroleum and coal products (-5.7 percent from -7.2 percent); and iron and steel (-2.6 percent from -3.4 percent).…
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News Event
From Trading Economics: Japan’s producer prices decreased by 2.2 percent year-on-year in November 2016, following a 2.7 percent drop in the previous month and beating market consensus of 2.3 percent decrease. It was the 20th straight month of decline and the smallest fall since May 2015, as prices went down at a slower pace for: Transport equipment (-1 percent from -1.1 percent in October); chemicals (-5.8 percent from -6.1 percent); petroleum and coal products (-5.7 percent from -7.2 percent); and iron and steel (-2.6 percent from -3.4 percent).…
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News Event
From Trading Economics: The preliminary reading of the University of Michigan’s consumer sentiment for the United States increased to 98 in December 2016 from a final reading of 93.8 in November. It was the highest reading since January 2015, as consumers expected a positive impact of new economic policies following Donald Trump’s election.…
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News Event
From Trading Economics: The preliminary reading of the University of Michigan’s consumer sentiment for the United States increased to 98 in December 2016 from a final reading of 93.8 in November. It was the highest reading since January 2015, as consumers expected a positive impact of new economic policies following Donald Trump’s election.…
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Fundamental Outlook: EUR/CAD
There was no tier 1 data or news of note during the Asia-Pacific session. EUR continued to remain pressured against most of its counterparts with EURUSD briefly breaking the 106.00 handle alongside USD strength as the USD-index rose back above 101.00.…
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Fundamental Outlook: EUR/CAD
There was no tier 1 data or news of note during the Asia-Pacific session. EUR continued to remain pressured against most of its counterparts with EURUSD briefly breaking the 106.00 handle alongside USD strength as the USD-index rose back above 101.00.…
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News Event
From Trading Economics: The trade deficit in the United Kingdom narrowed by £3.8 billion to £2.0 billion in September 2016 from an upwardly revised £5.8 billion in the previous month. It was the smallest trade gap since May this year, as exports increased by 4.6 percent, boosted by a 8.7 percent rise in the export of goods, while imports declined by 3.6 percent.…
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News Event
From Trading Economics: The trade deficit in the United Kingdom narrowed by £3.8 billion to £2.0 billion in September 2016 from an upwardly revised £5.8 billion in the previous month. It was the smallest trade gap since May this year, as exports increased by 4.6 percent, boosted by a 8.7 percent rise in the export of goods, while imports declined by 3.6 percent.…
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News Event
From Trading Economics: The European Central Bank held its benchmark refinancing rate at 0 percent for the seventh straight time on December 8th, as widely expected, and extended its programme of quantitative easing until December 2017. Policymakers decided to continue its purchases under the asset purchase programme at the current monthly pace of €80 billion until the end of March 2017.…
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News Event
From Trading Economics: The European Central Bank held its benchmark refinancing rate at 0 percent for the seventh straight time on December 8th, as widely expected, and extended its programme of quantitative easing until December 2017. Policymakers decided to continue its purchases under the asset purchase programme at the current monthly pace of €80 billion until the end of March 2017.…
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Fundamental Outlook: NZD/JPY
During the Asia-Pacific session, AUD remained well supported despite a wider than expected trade deficit as strength in iron ore prices and strong Chinese data which showed an 8-month high in exports and 3-year high in imports. NZD also remained well supported, following upward revisions to GDP targets with FY16/17 GDP target increased to 3.5% from 3.3% and FY17/18 target increased to 3.4% from 3.0%.…
Fundamental Outlook: NZD/JPY
During the Asia-Pacific session, AUD remained well supported despite a wider than expected trade deficit as strength in iron ore prices and strong Chinese data which showed an 8-month high in exports and 3-year high in imports. NZD also remained well supported, following upward revisions to GDP targets with FY16/17 GDP target increased to 3.5% from 3.3% and FY17/18 target increased to 3.4% from 3.0%.…
News Event
From Trading Economics: Exports from China unexpectedly increased by 0.1 percent from a year earlier to USD 196.81 billion in November of 2016, following a 7.3 percent drop in the preceding month and beating market estimates of a 5.0 percent fall.…
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News Event
From Trading Economics: Exports from China unexpectedly increased by 0.1 percent from a year earlier to USD 196.81 billion in November of 2016, following a 7.3 percent drop in the preceding month and beating market estimates of a 5.0 percent fall.…
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News Event
From Trading Economics: Consumer credit in the United States increased by $16.02 billion in October of 2016, following an upwardly revised $21.8 billion rise in September and below market expectations of $19 billion. Non-revolving credit rose by $13.68 billion, after increasing by $17.7 billion in the previous month and revolving credit went up by $2.33 billion, compared with a $4.09 billion rise in September.…
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News Event
From Trading Economics: Consumer credit in the United States increased by $16.02 billion in October of 2016, following an upwardly revised $21.8 billion rise in September and below market expectations of $19 billion. Non-revolving credit rose by $13.68 billion, after increasing by $17.7 billion in the previous month and revolving credit went up by $2.33 billion, compared with a $4.09 billion rise in September.…
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News Event
From Trading Economics: Industrial production in Germany rose 0.3 percent month-on-month in October of 2016, following a downwardly revised 1.6 percent drop in September but much lower than market expectations a 0.8 percent rise. Output was mainly driven by construction (+1.7 percent) and manufacturing (+0.1 percent, with the production of capital goods and consumer goods growing by 0.5 percent and 0.1 percent, respectively) while energy production fell (-0.5 percent).…
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News Event
From Trading Economics: Industrial production in Germany rose 0.3 percent month-on-month in October of 2016, following a downwardly revised 1.6 percent drop in September but much lower than market expectations a 0.8 percent rise. Output was mainly driven by construction (+1.7 percent) and manufacturing (+0.1 percent, with the production of capital goods and consumer goods growing by 0.5 percent and 0.1 percent, respectively) while energy production fell (-0.5 percent).…
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