USD/CAD - US Dollar to Canadian Dollar

It’s going to be a busy week with key data releases coming from Australia, the U.S., and Canada. Joining me today is James Hyerczyk from FXEmpire to provide his analysis. Firstly James let’s start with Australia where the RBA meeting minutes will be released. Now if policymakers shift their tone into a more positive outlook, … Continue reading No Action From RBA & the US Fed Until 2018

Recent US Dollar Performance The US Dollar has experienced a prolonged and material decline in 2017. The DXY index has dropped from 102.80 (2nd January) to 91.33 (8th September), which roughly represents an 11% loss. This decline has come in 7 consecutive monthly black candles, an extremely rare occurrence and a substantial move for a major … Continue reading King Dollar No More?

Risk appetite has shown signs of life this morning as the Nikkei and Topix Indexes in Japan have put in solid gains. Canada will release Housing Starts data today. The Euro has range traded early. CPI data will come from the U.K tomorrow. Wall Street Expected to Surge Early, Investors Breathe Sigh of Relief U.S … Continue reading Equities Turning Bullish as Risk Appetite Ignites, US Futures Point to a Higher Open

Euro Moves Higher The focus of the market was clearly on the euro for the day as the ECB President Draghi was scheduled to attend a press conference today following the announcement of the minimum bid rate. As expected the rate was unchanged and Draghi confirmed that the rates would remain the same for an … Continue reading Market Snapshot – Draghi Speaks and Euro Sky Rockets