CPI could move Canadian dollar

GBP/USD still has Higher Potential

Bank of Canada Maintains Interest Rate at 1%

Loonie Tumbles as BOC Holds Interest Rate

US Mortgage Applications Rise Again

Eurozone Inflation Falls Again

Strong Improvement In UK Unemployment

Eurozone Current Account Balance Falls

US Housing Data Steps into the Spotlight

US Homebuilder Confidence Treads Water for Second Straight Month: NAHB



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  • CPI could move Canadian dollar

    Canadian inflation data are scheduled for release Thursday, giving investors another means in which to gauge policymakers’ stance on interest rates. The Bank of Canada adopted a neutral stance on interest rates last year amid signs the economy was losing momentum. Consumer price inflation rose 1.4 percent annually in March, according to a forecast of […]

  • GBP/USD still has Higher Potential

    The British pound was well supported today, testing yearly highs amid stronger than forecast labour market data. As the shortened week draws to a close, the forex market is eying a higher upside for the GBPUSD pair, which is still deciding whether to breakout toward 1.70. UK jobless claims declined 30,400 in March, after falling […]

  • Bank of Canada Maintains Interest Rate at 1%

    The Bank of Canada decided today to hold the overnight interest rate at 1 percent, marking the 29th consecutive time the cost of borrowing has been left unchanged. The central bank has pegged the interest rate at 1 percent since September 2010. While not unexpected, today’s decision comes amid signs the Canadian economy was performing […]

  • Loonie Tumbles as BOC Holds Interest Rate

    The Canadian dollar fell for the second straight session as the Bank of Canada decided to maintain the overnight lending rate at 1 percent. The decision, which marked the 29th consecutive meeting interest rates were left unchanged, came amid speculation policymakers were attempting to drive down the loonie. The Canadian dollar has been supported in […]

  • US Mortgage Applications Rise Again

    The Mortgage Bankers Association has just published this week’s Mortgage Applications data. New applications have risen 4.3% on the week following on from last week’s 1.6% drop. These slight blips in the mortgage figures are not cause for concern, the US housing recovery is robust and it is natural to notice some volatility in short […]

  • Eurozone Inflation Falls Again

    Eurostat has just released a crucial Eurozone inflation data update and once again the single currency bloc is confirmed as heading towards a deflationary spiral. The headline Core Consumer Price Index (CPI) year on year has been reported at 0.7%, this is down from the previous reading of 1.0%, a fall had been expected but […]

  • Strong Improvement In UK Unemployment

    The National Statistics office has just released an update on range of employment data for the British Economy. The headline ILO Unemployment Rate has been published at 6.9% this is an improvement on expectations of 7.1% and three points lower than the previous figure of 7.2%. The Claimant Count Change is correspondingly lower at -30.4k […]

  • Eurozone Current Account Balance Falls

    The European Central Bank has released details of the February Current Account figure, this has come in at €21.9bn, slightly down on last months €25.3bn. Additionally, Italy has just published trade figures for the same month. The Italian Global Trade Balance for February is €2.62, this is sharply lower than the January reading of €3.65bn, […]

  • US Housing Data Steps into the Spotlight

    Today’s disappointing reading of the Housing Market Index has shifted the spotlight back to the US housing sector. The Commerce Department on Wednesday will report on housing starts and building permits, giving investors a glimpse at the housing recovery at the end of the first quarter. Tomorrow’s reading could show housing starts increased 63,000 to […]

  • US Homebuilder Confidence Treads Water for Second Straight Month: NAHB

    US homebuilder confidence was relatively unchanged this month, a sign the housing sector will need time to rebound from the winter downturn that saw homebuilder confidence plunge ten points in February. The Housing Market Index, courtesy of the National Association of Home Builders, rose from 46 to 47 this month. A median estimate of economists […]