ADP Non-Farm Employment Change in the US and Manufacturing PMI in the UK are the main events today. Here is an outlook on the market-movers awaiting us
In the US, Automatic Data Processing, Inc. (ADP) Non-Farm Employment Change, VALUE THE employed people (not including the farming industry and government) over the last month, 154K is due from 158K on April.
Read the rest of the article Forex Daily Outlook May 1 2013
The Canadian dollar enjoyed the rising prices of oil and the weakness of the US dollar to recover. GDP and the trade balance are the major events this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Canadian dollar enjoyed the lower than expected GDP figure in
Durable Goods Orders in the US and Ifo Business Climate in Europe are the main events today. Here is an outlook on the market-movers awaiting us In the US, Core Durable Goods Orders, value all the manufacturer’s new purchase orders for durable goods, reduce down to -2.9% from 5.6% on the last month is expected
New Home Sales in the US and Flash Manufacturing PMI in Europe are the main events lined up. Â Let’s see what awaits us today. In the US, New Home Sales, monthly report to analyze the annually sold new single-family homes, rise up to 419K is due from 411K on March. Later in the US, Flash
The Canadian dollar lost a lot of ground against the US dollar as the Bank of Canada somewhat lowered its tone. Retail sales figures are the highlights of this week Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Last week, The Bank of Canada maintained its interest rate
G20 Meetings and Unemployment Claims in the US are the major market-movers. Let see what awaits us today. Group of Twenty (G20) Meetings, an influential global market body that operates at the highest level and can impact on the currency markets. In the US, Unemployment Claims, weekly indicator to value who filed for unemployment insurance for
The British pound was hit badly during February and also in March. A combination of weak figures from the UK and a sweep of the dollar sent it plunging down. After consolidating above 1.50, can the pair resume the falls? Not so fast. Contrary to many other countries, a weaker currency doesn’t help the economy
The first rate decision by Kuroda carries very high expectations. What can the Bank of Japan do? Quite a lot, says Simon Smith of FxPro. In the interview below, Smith lists the various measures that the BOJ can take. He also discusses which currencies would benefit from SNB diversification, the impact of the Cypriot crisis
The Canadian dollar continued its descent against the US dollar. Why is the Canadian dollar falling today? While the previous fall came from domestic data such as weak retail sales and pessimism about the Canadian housing market, the current move is due to issues not related to Canada nor the US. The elections in Italy
USD/CAD advanced nicely and broke to fresh 7 month highs as the greenback enjoyed the FOMC meeting minutes and Canadian figures disappointed. GDP is the highlight of this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Last week, retail sales figures on December showed the biggest decline