USD/CAD had a down day on the session for Monday, as traders piled into the oil markets. The pair seemed to focus on this during the session, and as such – the standard correlation between the value...
Swiss CPI data from October showed a larger than expected decline in prices. As such, traders have tried to get out ahead of the next possible move by the SNB to weaken the CHF.
The beginning of the month is typically highlighted by the release of the non-farm payrolls report though market participants are focused on the events in Europe. Yesterday ECB President Mario Draghi offered some relief with a surprise...
Today marks the end of an era as the ECB press conference will not be led by Mr. Euro, Jean-Claude Trichet. In steps the Italian Mario Draghi who begins his terms as ECB President. Draghi has a...
The market’s focus on euro zone events should not come as a surprise given the recent two year anniversary of the European debt crisis. Investors will be no less inclined after the decision by Greek Prime Minister...
After a lengthy period of jawboning the Japanese Ministry of Finance (MOF) moved to weaken the yen by selling an estimated ¥7 Trn. The timing of the move may have caught the market looking the other way...
With a heavy news day ahead, many traders are awaiting this week’s data releases before buying into riskier assets, especially with this week’s employment and interest rate focus. With today’s high liquidity, some heavy movement is expected,...
The economic calendar will be balanced between data out of the Japanese economy early on in the day, and the US economy in the afternoon. The US economy will be strongly in focus with reports on consumer...
Data from the American housing market yesterday also indicated a positive message as new home sales jumped, representing an expanding market in consumer spending, mortgages and bank lending.
Data on confidence yesterday also signaled a mild downtick in outlook from the previous month. The news has had some impact on the forex market, though it could magnify through longer-term analyses on US financial markets should...
