US Dollar Index Poised for Weekly Gain

US Consumer Confidence Rebounds from 9-Week Low: Bloomberg

US Philly Fed Survey Higher

British Pound Flirting with Multi-Year Highs

Rising Canadian CPI could trigger faster pullback for USD/CAD

Rising Inflation In Canada

US Jobs Data Mixed

Greek Current Account Deficit Widens

CPI could move Canadian dollar

GBP/USD still has Higher Potential



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  • US Dollar Index Poised for Weekly Gain

    The US dollar was relatively unchanged against a basket of its major peers, but was still poised for a weekly gain of more than half a percent as of Thursday’s afternoon session. The US dollar index, which tracks the greenback’s performance against six of its major peers, was at 79.83. US data throughout this shortened […]

  • US Consumer Confidence Rebounds from 9-Week Low: Bloomberg

    US consumer confidence emerged from a nine-week low, as brighter employment prospects and an improved buying climate boosted the outlook on the economy. The Bloomberg Consumer Comfort Index rose from minus 31.9 to minus 29.1 in the period ending April 13. The weekly random-sample survey gauges Americans’ views of the economy, personal finances and the […]

  • US Philly Fed Survey Higher

    The Federal Reserve Bank of Philadelphia has just released it’s respected regional Manufacturing Survey for the month of March. This key activity indicator has registered at 16.6 this month, this is up on the February reading of 9 and easily beats the market consensus estimate of 10. Despite several weeks of positive US economic data […]

  • British Pound Flirting with Multi-Year Highs

    The British pound peaked at 1.6841 US overnight, the highest level since 2009, as stronger than forecast employment data fueled speculation of an early rate hike. By the morning, the GBPUSD pair was trading at 1.6818, recovering from an intraday low of 1.6795. Sterling soared Wednesday after the Office for National Statistics said UK jobless […]

  • Rising Canadian CPI could trigger faster pullback for USD/CAD

    The North American pair was trading lower Thursday after Canadian consumer inflation rose faster than forecast last month. The unexpected spike in consumer prices could trigger a larger pullback for the USDCAD , which has gained a quarter of a percent over a three-day winning streak. Consumer inflation in Canada rose 1.5 percent annually in March, […]

  • Rising Inflation In Canada
    Forex » Rising Inflation In Canada
    April 17, 2014

    Statistics Canada is this morning updating the markets on Canadian inflation data for the month of March. The headline Consumer Price Index (CPI) has yielded a year on year reading of 1.5%, this is higher than the February figure of 1.1% and clearly exceeds the expected 1.4% projection. Month on month this number came in […]

  • US Jobs Data Mixed
    Forex » US Jobs Data Mixed
    April 17, 2014

    The US Department of Labor has released this week’s data on both new and ongoing jobless claims. The Initial Jobless Claims figure for the week ending 11th April has come in at 312K, up on the previous week’s reading of 300K and slightly shy of the expected estimate of 315K. Continuing Jobless Claims for the […]

  • Greek Current Account Deficit Widens

    The Bank of Greece has just published an update on the nations Current Account balance, year on year for February this figure is showing a deficit of €0.709B following last months €0.295B shortfall. The Greek Foundation of Economic and Industrial Research (IOBE) has released it’s quarterly report on the economy where it has taken a […]

  • 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 […]