September 30, 2014

    USD Approaches Seven Month High on Risk, Poor CAD Data

    By / September 30, 2014

    The Greenback continues to rally unabated this morning as a result of Canadian monthly GDP numbers for July which were flat against forecasted growth of 0.2%. Raw Material Purchase Index data was also below expectations, posting a decline of 2.2% against a predicted drop of 1.7%. On the American side, the Conference Board Consumer Confidence… Read more

    USD Remains Range-bound on Risk, Mixed Data

    By / September 29, 2014

    The U.S. Dollar remains range-bound near last week’s highs as a consequence of fears in what was once the world’s freest economy in Hong Kong, which is now under protest against the repressive Chinese regime this morning. The North American data releases were mixed, with American Pending Home Sales for August showing a decline of… Read more

    USD Tests New Highs on GDP Data, Continued Risk

    By / September 26, 2014

    The Greenback continued to sustain its recent rally following the release of American quarterly Final GDP data this morning, which was flat to forecast at 4.6% growth. Consumer Sentiment data from the United States was marginally below forecast, coming in at 84.6 against a forecast of 85.1. Finally, GDP Price Index and Inflation Expectations numbers… Read more

    The U.S. Dollar Continues to Rally

    By / September 25, 2014

    The U.S. dollar continued to strengthen overnight rallying against all primary currencies as the U.S. economy is poised to outperform and the Fed is on the cusp of entering an interest rate hiking cycle, at the same time the European economy has weakened further and other global economic outlooks are moderating. U.S. economic data releases… Read more

    USDCAD Tests Six Month High on Risk, Commodities

    By / September 24, 2014

    The Greenback has rallied sharply against most of the pairwise counterparts and is currently testing cyclical highs against the Euro, the Pound, and the Canadian Dollar. The initial momentum of USD was sparked by risk aversion following the continuation of airstrikes in Syria last night and a sell-off among many of the commodity bundles this… Read more

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