The USD/CAD currency pair today traded with a bearish trend despite the release of positive Consumer Price Index data and advance retail sales data from the US docket. The Canadian dollar’s rally was largely sustained by the higher crude oil prices in the global commodities market with the WTI crude oil gaining at least 1.5% earlier today. The currency pair was on a bearish trend from the start of the day’s session and had lost … “USD/CAD Demonstrates Bearish Trend Ahead of FOMC Rate Decision”
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Will the Fed push the dollar higher? Two opinions
Apart from our own Fed preview we also provide outlooks from others. Here are two hawkish opinions: Here is their view, courtesy of eFXnews: USD Into FOMC: Looking For Pullbacks As Buying Opportunities – TD TD Research notes that the core of attention at today’s FOMC policy decision will center on the tone, dots, and forecasts. … “Will the Fed push the dollar higher? Two opinions”
Fed preview: looking for a “healthy hike” – 3 scenarios
The Federal Reserve is set to raise interest rates in March. They basically laid down the message. Calling them “thick hints” would be an understatement. The strong NFP left no room for doubts.And now, is it already priced in? Can we expect a massive “sell the fact” reaction? There are many moving parts that will determine the next move … “Fed preview: looking for a “healthy hike” – 3 scenarios”
Dutch elections preview – all about who comes out first
The Dutch go to the polls on March 15th to elect a new parliament. While The Netherlands is not one of the big countries in the euro-zone, it is often seen as “the canary in coal mine” or a trendsetter. The outcome of the elections in Holland can reflect and/or influence elections elsewhere, more specifically in … “Dutch elections preview – all about who comes out first”
EUR/USD: Asymmetric Risk But Short Preferable Into French Elections
The euro has many forces moving it. The big political risk is the French Presidential Election. What can we expect for EUR/USD? Here is their view, courtesy of eFXnews: EUR/USD downside risks remains ahead of the French Elections, says Bank of America Merrill Lynch FX Strategy. In that regard, BofAML’s baseline does not include a Le Pen … “EUR/USD: Asymmetric Risk But Short Preferable Into French Elections”
British Pound Hits Lowest Level in Two Months as Parliament Approves Brexit Bill
The British pound weakened against major rivals on Tuesday to touch its lowest level since January, after UK lawmakers passed a bill from the British government that paves the way for Brexit. Investors now expect that UK Prime Minister Theresa May will trigger Article 50, which starts talks of exiting the European Union, later this month. After discussing some amendments to the Brexit bill, the Houses of Parliament … “British Pound Hits Lowest Level in Two Months as Parliament Approves Brexit Bill”
EUR/USD Remains Bearish as German ZEW Survey Disappoints
The EUR/USD today established a bearish trend that was triggered by the release of the ZEW economic sentiment survey for Germany, which did not meet expectations. The currency pair was also affected by the stronger US dollar backed by the strong US Producer Prices for the month of February released by the Bureau of Labor Statistics. The currency pair lost significant ground today as yesterday’s bearish trend extended to today, thereby, increasing the selling pressure on the currency pair. The downward pressure … “EUR/USD Remains Bearish as German ZEW Survey Disappoints”
US Dollar Climbs Ahead of Federal Reserve Decision on Interest Rates
The US dollar gained strength against the euro and other major counterparts on Tuesday, as the greenback recovered from its losses on Friday. High anticipation for an interest rate hike from the Federal Open Market Committee tomorrow cleared the way for the US dollar to move higher at a time when other major currencies were held down by monetary and geopolitical forces. The Federal Open Market Committee will end a meeting that is set to last … “US Dollar Climbs Ahead of Federal Reserve Decision on Interest Rates”
Why the GOP Healthcare Plan Won’t Work
Much has been said in the last couple of days concerning the proposed GOP Healthcare Plan which is supposed to be the answer to the ACA aka Obamacare. The Congressional Budget Office (CBO) has stated that in 2018 14 million people will lose their healthcare coverage and by 2026 24 million Americans will lose coverage. … “Why the GOP Healthcare Plan Won’t Work”
GBP/USD: Trading the UK Claimant Count Change
The UK Claimant Count Change measures the change in the number of people claiming unemployment benefits. It provides a snapshot of the UK employment situation and could affect the direction of GDP/USD. Here are the details and 5 possible outcomes for GBP/USD Published on Wednesday at 9:30 GMT. Indicator Background UK Claimant Count Change is closely monitored, … “GBP/USD: Trading the UK Claimant Count Change”