Data on American consumer confidence from Conference Board, Inc., (CB) today may indicate mild optimism that could drive the greenback lower in the short-term. Recent news has done little to alter the current direction of the forex...
The EUR/USD rose last week following the completion of a long-term consolidation trend, reaching a 4-day high of 1.3900. This morning, however, the pair bounced off the resistance level and is now trading near 1.3865.
The Great Britain pound (GBP) is expected to be seen trading with mildly bullish results this week after reports on the country’s retail sales and inflation revealed a solid uptick this past month.
Liquidity will likely be higher in today’s early trading as several events are being published in rapid succession from Britain, Canada and the US. American liquidity will be heightened, and Great Britain will contribute to today’s movements...
With yesterday’s inflationary data out of Britain, it seems the pessimism in Europe isn’t trickling across the English Channel, at least for now. Holiday spending and recent upticks in manufacturing should shore up the pound’s advances this...
Data on American inflation and investment today may indicate mild optimism that could drive the greenback lower in the short-term. Recent news has done little to alter the current direction of the forex market, though news could...
Confidence and trade reports from the US and Canada last week portrayed a global economy somewhat stronger than what many had expected. The balance of imports to exports last Friday revealed a growing market, with smaller deficits
With an unusually intense news day ahead, traders are anxiously awaiting the large string of reports out of the US which should clear up the picture somewhat in regards to inflation, retail sales, and consumer confidence.
Global reports on the trade activity and budgeting will be released today from several major economies. News of this kind tends to have a delayed effect, but volume should be heightened in today’s later trading sessions.
Data on the Canadian housing sector today may indicate mild optimism that could drive the value of the Canadian dollar (CAD) higher in the short-term. Recent news has done little to alter the current direction of the...
