![USD/CAD – has many things going for it [Video]](https://investinearth.org/wp-content/uploads/2017/05/Fotolia_74214597_XS3-351x185.jpg)
The Canadian dollar is the anti-hero of the commodity crash, bearing the brunt of the slide. USD/CAD is at the highest since early 2016. In addition, there are more reasons to sell the loonie: housing worries and trade trouble with Trump. We assess the economy and look at Dollar/CAD levels going forward. Our currency of … “USD/CAD – has many things going for it [Video]”
Author: admin_mm
Carney Carnage: 3 factors weighing on the pound and 3
The Bank of England’s Super Thursday is super indeed. Despite worries for a muted outcome given the elections, the BOE sparks volatility. GBP/USD is falling, with every recovery attempt followed by a deeper fall. Sterling is also on the back foot against other currencies. They did try to keep things balanced, but there are a few worrying … “Carney Carnage: 3 factors weighing on the pound and 3”
New Zealand Dollar Tumbles After RBNZ Policy Meeting
The New Zealand dollar slumped today, tumbling more than 1% against its most-traded peers, after the monetary policy statement released by the central bank turned out to be not so hawkish as market participants had expected. The Reserve Bank of New Zealand left its main interest rate at 1.75% today, in line with expectations. The statement, while not necessarily dovish, was not as optimistic as economists had anticipated. … “New Zealand Dollar Tumbles After RBNZ Policy Meeting”
Great Britain Pound Weak Ahead of BoE Meeting
The Great Britain pound traded lower ahead of Bank of England policy meeting that will occur later today. The reason for the currency’s drop was the streak of rather weak macroeconomic indicators. UK industrial production fell 0.5% in March from February, a bit more than analysts had predicted (0.4%). Manufacturing production declined 0.6%, also more than was forecast (0.2%). Construction output was also down in March, … “Great Britain Pound Weak Ahead of BoE Meeting”
AUD/USD: Target A Return To 1-Year Range Lows: Levels &
The Australian dollar is under pressure along the other commodity currencies. What’s next? Here is the view from NAB: Here is their view, courtesy of eFXnews: NAB FX Technical Strategy notes that AUD/USD price achieved our downside target at 0.7150/00 in late December before launching an impulsive uptrend in January. However, NAB notes that this … “AUD/USD: Target A Return To 1-Year Range Lows: Levels &”
Canadian Dollar Strengthens Against US Peer as Crude Inventories Fall
The Canadian dollar strengthened against the US dollar and the British pound on Wednesday, as oil prices climbed after a decline in US inventories improved the outlook for global supply. Tradersâ concerns about trade relations between the United States and its northern neighbor eased today, which further supported the loonie. The US Energy Information Administration released a summary of weekly petroleum data for the week ended May 5 at 14:30 GMT today, which revealed … “Canadian Dollar Strengthens Against US Peer as Crude Inventories Fall”
EUR/USD Continues Losing Streak Despite Mario Draghi Speech
The EUR/USD currency pair today dropped drastically before the speech by European Central Bank president, Mario Draghi, where he outlined a hawkish outlook. The currency pair recovered briefly after Mario Draghi‘s speech, but was trading at a much lower price than its opening price for most of the day. The currency pair lost over 35 points at the height of its decline to trade at a daily low before Draghi’s speech infused … “EUR/USD Continues Losing Streak Despite Mario Draghi Speech”
BOE Preview: Carney probably happy with the pound, fearful
The Bank of England convenes for one of its more important meetings. The “Super Thursday” event consists of the QIR. However, the shadow of the elections could keep Mark Carney and his colleagues a bit subdued. The BOE is likely happy with the recent rise of the pound. The gains will allow inflation to moderate … “BOE Preview: Carney probably happy with the pound, fearful”
GBP: Has it gone too far? 3 opinions
The pound continues trading at high ground, still rising and looking at.30 on GBP/USD. Is it too strong? Here are three views: Here is their view, courtesy of eFXnews: GBP: Temporary ‘Snap’ Higher Looks Overdone; Where To Target? – CIBC CIBC FX Strategy Research notes that going into the snap UK general election on May 8th, … “GBP: Has it gone too far? 3 opinions”
US Dollar Climbs Against Most Major Peers on Positive Interest Rates Outlook
The US dollar rose against a basket of its major peers on Tuesday as traders embraced more risk amid improved near future outlook for the US monetary policy. A number of speeches from officials of the Federal Reserve gave out strong signals for higher interest rates when the US central bank holds its next meeting on June 13. Cleveland Federal Reserve President Loretta Mester said during a speech to the Chicago Council … “US Dollar Climbs Against Most Major Peers on Positive Interest Rates Outlook”