The British Pound extended the previous day’s decline and slipped to a low of 1.5129 during the European trade as the Bank of England continued to see a risk for a double-dip recession.
... read moreThe British Pound slid 0.4 percent against the US Dollar late into overnight after the Bank of England’s Andrew Sentence said he sees “some risks of a double dip recession” and warned of “shocks along the way” to economic recovery.
... read moreInvestor sentiment didn’t collapse Thursday; but neither did it make significant progress towards optimism. Over the past month, a general appreciation in capital markets has been supplied with an otherwise tepid sense of conviction.
... read moreThe U.S. dollar could face increased selling pressures over the next 24 hours of trading as economists forecast consumer prices to grow at an annual pace of 2.3% in February after expanding 2.6% during the previous month, and subdued price pressures may lead the Federal Reserve to maintain a dovish policy stance going into the second-half of the year as the central bank pledges to balance the risks for growth and inflation.
... read moreImproving growth trends has started to generate concerns that rising prices will soon follow forcing policy makers to abandon easy policy. This week’s calendar will provide evidence as to whether inflation is a growing issue with consumer price reports from the Euro-are, United States and Canada. The FOMC rate decision will be the marquee event as monetary policy in the world’s largest economy has far reaching implications. A change in rhetoric from policy makers could create a new paradigm for the dollar. U.K. employment figures and the BoE policy meeting minutes crossing the wires at the same time could set a new trend for the Pound.
... read moreAll the standard proxies for risk appetite and risk aversion seem to be pointing to a steady advance in investor sentiment and the evolution of a true bull market.However, behind the bearings of speculative market benchmarks lies concerning discrepancies.
... read more| Day | Week | Month | ||||||
| EUR/USD | -130 | -0.96% | NZD/USD | +126 | +1.76% | CAD/JPY | +454 | +5.10% |
| EUR/JPY | -107 | -0.87% | EUR/CAD | -239 | -1.73% | AUD/JPY | +345 | +4.15% |
| EUR/AUD | -90 | -0.61% | EUR/AUD | -256 | -1.73% | EUR/CAD | -533 | -3.86% |
| EUR/CHF | -83 | -0.58% | NZD/JPY | +98 | +1.52% | NZD/JPY | +245 | +3.80% |
| EUR/CAD | -79 | -0.57% | EUR/GBP | -131 | -1.47% | USD/CAD | -377 | -3.72% |
| Daily Economic Calendar | ||||
|---|---|---|---|---|
| Time | Event | Actual | Forecast | |
| Mar 1904:30 | ![]() |
JPY All Industry Activity Index (MoM) (JAN) | 3.8% | 1.5% |
| Mar 1911:00 | ![]() |
CAD Consumer Price Index (YoY) (FEB) | 1.6% | 1.4% |
| Mar 1912:30 | ![]() |
CAD Retail Sales (MoM) (JAN) | 0.7% | 0.6% |
| Global Market Data |
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