US recovery »

  • H.S. Borji

    The Canadian dollar declined sharply against its US counterpart Tuesday, as sentiment continued to shift in the greenback’s favour amid a steady stream of economic data. The loonie, as Canada’s currency is known, tumbled 0.4 percent to 0.9224 US, its lowest level since June 22. The loonie has tumbled 1.3 percent against the US dollar

  • H.S. Borji

    Business optimism in Canada was relatively unchanged in the second quarter, as expectations for US economic growth and stronger domestic and international demand kept the business outlook encouraging. The quarterly business outlook survey continued to offer encouraging signs for economic growth, but concerns about competition could still undermine the pace of recovery, the Bank of

  • The British pound ended the week on firm footing against its US counterpart, advancing after mixed economic reports undermined confidence in US recovery. The GBPUSD advanced 0.26 percent to 1.6761, after reaching an intraday high of 1.6777. The trend line shows initial support at 1.6692 and resistance at 1.6768. Friday’s gain was unable to erase

  • The US dollar was trading lower Friday after mixed US data reminded investors the country’s economic recovery was far from complete. The US dollar index, a weighted average of the greenback’s performance versus six major peers, declined 0.15 percent to 80.37, trimming its weekly advance to just 0.12 percent. The index was supported earlier in

  • Forex » US House Prices Steady
    May 27, 2014, 14:32 GMT

    In the US the Federal Housing Finance Agency has just released the Housing Price Index for the month of March. Month on month this reading is 0.7%, up slightly on the February print of 0.6% and easily ahead of the market expected 0.5% increase. To see a year on year figure for US house price

  • Forex » US Dollar looks Vulnerable
    May 16, 2014, 16:20 GMT

    Signs the US dollar will continue to face downward pressure are escalating, erasing hope 2014 would be the year the world’s most actively trade currency came climbing back. The outlook on the dollar is blurry, as the global financial markets weigh economic developments in the US against the emerging threat of the Japanese yen. According

  • Forex » EUR/USD at Risk
    May 16, 2014, 15:01 GMT

    The EURUSD risks another test of key supports, as the markets react to upbeat economic data from the United States against a backdrop of speculation the European Central Bank is prepared to unveil a stimulus package next month. The pair fell to a daily low of 1.3685. In the early North American session the pair

  • US industrial production unexpectedly slowed in April, as gains in the mining sector were offset by a plunge in utilities and a broad-based decline in manufacturing. Total industrial production declined at a pace of 0.6 percent in April, following a gain of 1 percent in February and March, the Board of Governors of the Federal

  • US consumer confidence will be put to the test this week, as reports on retail sales and consumer sentiment are scheduled for release. The Commerce Department on Tuesday will release April retail sales data. Retail revenues increased 0.4 percent in April, following a 1.1 percent rebound the prior month that was the strongest since September

  • Business » US services PMI pending
    April 24, 2014, 18:50 GMT

    Business activity in the US service economy accelerated further in April, according to a broad consensus of market analysts eyeing Friday’s PMI report. Markit Group’s services PMI is expected to rise from 55.3 to 56 this month, experts say. The broad gauge of service activity rose 2 percentage points in March as business activity accelerated

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