USD/CAD is on a decline ahead of data from the US and Canadian housing industry. The Canadian economy has been improving following the rise in crude oil prices. On Friday, WTI futures were at $63.52 after dropping to $57.70 earlier in the month. A comparison of the US and Canadian […]
EUR/USD is trading lower after reaching a 6-week high on Thursday. The market is reacting to the strong US retail sales and jobless claims data. US retail sales rose by 9.8% in March compared to the forecasted 5.9%. On a YoY basis, the published 28.6% is higher than the expected […]
DAX index has remained range-bound after the German CPI numbers failed to yield enough momentum for a bullish breakout. The data released earlier on Thursday’s session was at 0.5%, which matched analysts’ estimates. Besides, it was lower than February’s 0.7%. Investors are now keen on the speech by Dr. Mauderer, […]
Silver price has managed to move past the resistance level of $25.50. The precious metal has found support in the declining US bond yields and the greenback. On Thursday, the benchmark 10-year US treasury yield was down by 1.5% at 1.61. It is struggling to rebound after its fall from […]
EUR/USD is trading higher ahead of the US retail sales and jobless claims data. The pair is striving to hit 1.2000, which would be its highest level since early March. Notably, Europe’s CPI numbers have not yielded enough buying pressure to reach the target. Germany’s CPI matches the expected 0.5%, […]
Crude oil price is trading higher as the market reacts to the lower-than-expected US inventories data from API. On Tuesday, the institute indicated that the weekly oil stockpiles had fallen by 3.608 million barrels compared to the forecasted decline of 2.154 million barrels. Investors are now keen on whether EIA […]
Gold price is taking a breather after its spike on Tuesday. The decline in US treasury yields and the subsequent weakening of the greenback have offered support to the precious metal. Since the beginning of April, the US dollar has fallen by about 1.71%. On Wednesday, the dollar index, which […]
S&P 500 has pulled back from Tuesday’s record-high as the market awaits Q1’21 earnings from major banks like JPMorgan, Goldman Sachs, and the Bank of America. Investors expect strong results as proof of the US steady economic recovery. One of the factors behind the positive forecast is the high trading […]
EUR/USD is trading lower by 0.08% as the market reacts to the lower-than-expected German ZEW economic sentiment. The index measures the economic outlook of Europe’s largest economy over a span of six months. Analysts expected April’s reading to come in at 79.0; higher than the previous month’s 76.6. However, at […]
NZD/USD is trading lower as the market reacts to the Q1’21 NZIER Business Confidence Index. The index, which is an indicator of New Zealand’s economic health came in at -13%, which is lower than -6% in Q4’20. Besides, the US dollar has strengthened amid rising bond yields. On Tuesday, the […]