Gold Lower as USD Gains Against EUR
Gold prices fell on Tuesday as the prospect that Greece will default on a repayment to the International Monetary Fund knocked the euro against the dollar, and as investors remained…
USD/CAD Rangebound Ahead of Bank of Canada Announcement
The USD/CAD continued to appreciate in the Asian and European sessions at it hit highs of 1.2650. The American session open saw a retracement as the USD was sold off…
China GDP To Show Slowdown Heading to New Normal
The Chinese economy is slowing down. The lower than expected growth quarter over quarter is no surprise after China fell behind government forecasts. The change of tone from politicians has…
ECB to Hold and Remain Optimistic About QE Positive Effects
The European Central Bank launched an unprecedented quantitative easing program in March that has started to pay dividends. The ECB is not expected to announce any changes to the benchmark…
USD/CAD Bank of Canada Expected to Hold as Employment and Oil Improves
The Bank of Canada Governor Stephen Poloz has called the effect of lower oil prices “atrocious” to the Canadian economy. On Friday the employment figures were positive with a 28,700…
Week Ahead in FX April 12 – 19 US Retail Sales Could Rise with Warm Weather
The next week in the forex market will feature two of the major central banks rate announcements: the European Central Bank and the Bank of Canada. No changes in rates…