Euro Rebounds, Canadian Dollar Surges on Rate Talk
Euro strengthened across the board since European session on couple of factors. ECB Governing Council member Axel Weber said in an interview with the Financial Times Deutschland that the bank is prepared to shift to a restrictive monetary policy if needed to keep inflation in check.
Dollar Firmer After New Home Sales
Dollar strengthens after better than expected new homes sales report which rose 16.2% to 0.98M annualized rate in Apr, much stronger than expectation of 0.86M and being the fastest jump in 14 years.
Dollar Extends Rally
Dollar resumes recent rally against majors today and quickly breaks through last week high as traders from US enter the markets.
The Week Ahead- Spotlight on Inflation
After a week of central bank meetings, the spotlight is turning to inflation this week. From the US, April CPI will be released on Tuesday and is expected to slow slightly.
Dollar Still Firm After Bank of England Rate Hike
The Bank of England raised benchmark rates by 25bps to 5.50% as widely expected.
Euro Weakens Across the Board, Channel Support Broken
Euro falls across the board entering into US session and breaks near term channel support against both dollar and yen.
Forex Weekly Review and Outlook- Central Banks to Dominate
Central bank meetings will dominate the calendar this week with FOMC, ECB, and BoE on the card.
Dollar Falls After Weak Non Farm Payroll
The jobs report released today came in weak. Non-farm payroll growth in April slowed to 88k, missing expectations of 100k and being the lowest since Nov 2004.
Dollar Still in Range, Saved by Solid ISM Manufacturing
Dollar edged lower against majors in early US session but was saved by much stronger than expected ISM manufacturing report and remains in an established range.
EUR/USD Makes Record High After US GDP Disappoints
Euro finally breaks to new record high against dollar after disappointing Q1 GDP data from the U.S.
Dollar Rebounds Strongly, Medium Term Reversal in Sight?
Dollar rebounded strongly today, preventing euro from hitting a new record high against the greenback. Traders continue to lighten dollar short positions ahead of tomorrow’s Q1 GDP.
Dollar Sellers Back After New Home Sales, EUR/USD Eyes 04 High
Despite rebounding mildly in early US session after stronger than expected durable goods report, the dollar is pressured again by another piece of disappointing housing data.