October 31, 2014

    USDCAD Rallies on CAD GDP Fail, BoJ Stimulus

    By / October 31, 2014

    The USD rally against CAD started early this morning with poor GDP data on the Canadian side, where actual growth came in at -0.1% against a flat forecast. The USD rally was sustained by strong labour statistics from America since the quarterly Employment Cost figure showed a 0.1% increase above the benchmark, and Chicago Purchasing… Read more

    USD Confirms Range on FOMC, GDP Data

    By / October 30, 2014

    The Greenback has settled into an upper range following positive implications from yesterday’s FOMC meeting and reasonably encouraging data points this morning. On the FOMC side, the most notable remark was the diminishment of slack in America, while the GDP number for September came in at 3.5% growth against a forecast of 3.1%. There was… Read more

    CAD Rallies on Input Price Data and Oil Inventories

    By / October 29, 2014

    The Canadian Dollar has increased against the Greenback in spite of poor data north of the border, currently testing the CAD highs from early October. Raw Materials Price Index figures for September in Canada were off significantly, with the actual number coming at -1.8% price growth against a forecast of -0.8%. The Industrial Product Price… Read more

    USD Declines on Durable Goods, Levels on Confidence

    By / October 28, 2014

    The American Dollar has dropped within most major pairs today following the release of Core and comprehensive Durable Goods Orders for September. On the Core side, we saw a retraction of 0.2% against a forecasted increase of 0.5%, with the comprehensive number coming in at a decline of 1.3% against a predicted rise of 0.4%…. Read more

    USD Tumbles on Poor Housing and Services Data

    By / October 27, 2014

    The Greenback is down against most of the pairwise counterparts this morning on significantly poor Pending Home Sales data for the month of September. The housing numbers came in at a 0.3% increase against a forecasted increase of 1.1%. This data point added fuel to the prior release of the Flash Services Purchasing Managers’ Index,… Read more

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