December 31, 2014

    Unemployment Claims and Sentiment Data Stall USD

    By / December 31, 2014

    The Greenback is in decline against the Canadian Dollar again this morning following the release of weekly Unemployment Claims from the States, with that figure showing an increase of 11,000 claims against the expectation of 287,000. The Chicago Purchasing Managers’ Index came in at 58.3 versus a forecast of 60.2, indicating that sentiments within American heavy industry are pessimistic as of late. Pending Home Sales for November in the U.S. did paint a slightly rosier… Read more

    USD Retreats on Consumer Confidence Data, Crude Stability

    By / December 30, 2014

    The Greenback is in decline against the Canadian Dollar this morning following the release of the CB Consumer Confidence index data from the States, which came in at 92.6 versus a forecast of 94.6. The index shortfall was coupled with a rally in crude oil prices as trading opened in North America, giving some additional fuel to the Loonie against its American counterpart. With all the major data for USDCAD having been released for the… Read more

    USD Retains Strength on Crude Uncertainty, European Risk

    By / December 29, 2014

    In spite of a lack of major data points from North America this morning, the Greenback is sustaining its position against the Loonie today on volatile crude oil prices following supply disruptions in Libya after a fire brought on by a rocket attack. These fears gave an initial boost to crude oil, but we are seeing some levelling in crude oil prices as the trading day goes on. The other main driver of the U.S…. Read more

    Unemployment Claims Ignite USD Rally, Crude Oil Sustains

    By / December 24, 2014

    The U.S. Dollar continues to move upwards this morning following the release of weekly Unemployment Claims data from the United States. The unemployment figure showed a shortfall of 11,000 applications against a prediction of 291,000. This started an early run on the Greenback, but this was pushed forward by the release of Crude Oil Inventory figures from America, showing that storage levels have increased by 7,300,000 barrels this week versus a predicted decrease of 2,400,000…. Read more

    USD Rallies on Crude Oil Message, Risk Appetites

    By / December 22, 2014

    The U.S. Dollar is on an uptrend against the Canadian Dollar today following comments from Saudi Arabian Oil Minister Ali Al-Naimi that OPEC will not reconsider a cut in output following recent drops in the price of crude oil. In terms of the data releases from North America today, U.S. Existing Home Sales for November were off the mark, with 4,930,000 actual sales against a forecast of 5,210,000 closings, but this figure has done little… Read more

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