Analysis

Fundamental and Technical Outlook: EUR/CAD

Fundamental and Technical Outlook: EUR/CAD

🕔December 12, 2016 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 Contnue Reading
Fundamental and Technical Outlook: EUR/CAD

Fundamental and Technical Outlook: EUR/CAD

🕔December 9, 2016 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 Contnue Reading
China Inflation Rise In November

China Inflation Rise In November

🕔December 9, 2016 China’s consumer inflation picked up for a third-straight month in November, but remained below the upper limit of a government target range, official data showed on Friday, signs of improving demand in the world’s second-largest economy. China’s consumer price index Contnue Reading
Japan’s GDP Reviewed In Third Quarter Using United Nations Standard

Japan’s GDP Reviewed In Third Quarter Using United Nations Standard

🕔December 8, 2016 Japan unexpectedly cut its reading of third-quarter economic growth to an annualized 1.3 percent, from a preliminary estimate of 2.2 percent expansion. The revision was driven by drops in business spending and in private inventories. The gross domestic product (GDP) Contnue Reading
Fundamental and Technical Outlook: NZD/JPY

Fundamental and Technical Outlook: NZD/JPY

🕔December 8, 2016 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. Contnue Reading
Bank of Canada Keeps Interest Rate Steady At 0.5%

Bank of Canada Keeps Interest Rate Steady At 0.5%

🕔December 7, 2016 The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as it sees the stronger world economy continuing to face “undiminished” uncertainty. The decision was in line with expectations with all major banks expecting rates to Contnue Reading
Fundamental and Technical Outlook: EUR/AUD

Fundamental and Technical Outlook: EUR/AUD

🕔December 6, 2016 Fundamental Outlook: EUR/AUD During the Asia-Pacific session, the RBA left monetary policy unchanged with the Cash Rate remaining at 1.5% as widely expected. The accompanying statement failed to provide any surprises with the main comments stating that “maintaining policy is Contnue Reading
Fundamental and Technical Outlook: EUR/USD

Fundamental and Technical Outlook: EUR/USD

🕔December 5, 2016 Fundamental Outlook: EUR/USD The main focus throughout the Asia-Pacific session was the Italian referendum which saw a victory for the ‘no’ camp with 59.26% of the votes. Consequently, EUR weakened across the board with EURUSD declining to 20-month lows, just Contnue Reading
Fundamental and Technical Outlook: EUR/GBP

Fundamental and Technical Outlook: EUR/GBP

🕔December 2, 2016 Fundamental Outlook: EUR/GBP During the Asia-Pacific session, Australian Retail Sales beat estimates at 0.5% versus expectations of 0.3%. This had an overall muted reaction on AUD with the Asia-Pacific session remaining relatively quiet ahead of today’s NFP report. Continued strength Contnue Reading
Fundamental and Technical Outlook: CAD/JPY

Fundamental and Technical Outlook: CAD/JPY

🕔December 1, 2016 Fundamental Outlook: CAD/JPY During the Asia-Pacific session, Australian Capex data added to the recent slew of poor Australian data, missing on expectations at -4.0% q/q versus -3.0% expected. Chinese Manufacturing PMI beat expectations at 51.7 versus 51.0 expected with Caixin Contnue Reading