US Dollar (USD)

The Institute of Supply Management (ISM) will be releasing April’s report for the manufacturing sector today. According to the median poll of economists, manufacturing activity is forecast to dip from March’s rebound. In March,…
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The US dollar extended declines for a second consecutive day. Economic data on the day was focused on the PCE and personal spending income reports. The Fed meeting due on Wednesday is also weighing on the USD. Meanwhile, the US and China…
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The Conference Board’s consumer confidence report will be coming out later today during the NY trading session. The median estimates point to consumer confidence picking up following the decline in March. The rebound in consumer…
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The markets will see somewhat of a short trading week once again with most of the European markets closed due to the Labor day bank holiday. The week ahead will be dominated by data from the United States which includes high impact reports…
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The markets will be getting a preliminary glance into how the US economy performed as the first quarter GDP report will be coming out later this afternoon. The report from the Department of Commerce is forecast to show a 2.2% increase in…
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The Bank of Canada’s monetary policy meeting yesterday saw the interest rates unchanged at 1.75%. However, the central bank cut the GDP forecasts for Canada from 1.7% to 1.2% for 2019. The BoC was optimistic that growth would pick up in…
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The Department of Commerce will be releasing the preliminary durable goods orders report today. According to the economists polled, the durable goods orders are forecast to rise 0.7% on the headline. This would reverse the 1.6% decline seen…
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Aussie Soft Ahead of CPI Inflation  The Australian dollar is getting battered in the London session. From a daily high of 0.7133, it has dropped to a rate near 71 cents against the buck. Fear of missing CPI inflation seems to be affecting…
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Loonie Bid as US Drops Sanction Waivers The most volatile pair for Easter Monday, USDCAD, fell 30 pips from its daily open at $1.3380. This came after a news article from The Washington Post said that the US will announce the end of…
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