Tag Archive: US Federal Funds Rate

USD/CAD – Canadian Dollar Steady as Markets Await Fed Rate Hike

The Canadian dollar is subdued in the Wednesday session. Currently, USD/CAD is trading at 1.3019, up 0.03% on the day. On the release front, there are no Canadian events. PPI is expected to rise to 0.3% and Core PPI is…
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DAX Moves Higher Ahead of Fed Rate Announcement

The DAX index has posted gains in the Wednesday session. Currently, the DAX is at 12,898, up 0.44% on the day. On the release front, Eurozone employment change edged up to 0.4%, above the estimate of 0.3%. Eurozone industrial production declined…
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EUR/USD – Euro Ticks Higher Ahead of Expected Fed Rate Hike

EUR/USD is steady in the Wednesday session. Currently, the pair is trading at 1.1760, up 0.13% on the day. In the eurozone, Employment Change edged up to 0.4%, above the estimate of 0.3%. Industrial Production declined 0.9%, weaker than the…
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Gold Hugging $1300, Investors Await Fed Hike

Gold has posted slight losses in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1297.56, down 0.20% on the day. On the release front, consumer inflation numbers were within expectations. CPI remained pegged…
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GBP/USD – Unemployment Claims Sparkle But Pound Yawns

The British pound is unchanged in the Tuesday session. In North American trade, GBP/USD is trading at 1.3389, up 0.05% on the day. On the release front, Britain released key employment numbers. Wage growth edged down to 2.5%, matching the…
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USD/CAD – Canadian Dollar Edges Lower, US Consumer Inflation Meets Expectations

The Canadian dollar continues to lose ground this week. On Tuesday, USD/CAD is trading at 1.3014, up 0.28% on the day. On the release front, there are no Canadian events. In the US, consumer inflation numbers were within expectations. CPI…
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DAX Steady Despite Weak German, Eurozone Confidence Data

The DAX index has posted slight losses in the Tuesday session. Currently, the DAX is at 12,820, down 0.10% on the day. On the release front, German ZEW Economic Sentiment posted a dismal reading of -16.1 points, missing the estimate of…
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EUR/USD – Euro Shrugs off Dismal German Confidence Report

EUR/USD continues to have a quiet week. On Tuesday, the pair is trading at 1.1792, up 0.05% on the day. On the release front, German ZEW Economic Sentiment posted a dismal reading of -16.1 points, missing the estimate of -14.6…
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GBP/USD – Pound Stems Slide as Construction PMI Beats Estimate

The pound has steadied in the Wednesday session, after recording sharp losses in the Wednesday session. In North American trade, GBP/USD is trading at 1.3603, down 0.07% on the day. On the release front, British Construction PMI improved to 52.5, above…
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USD/CAD – Canadian Dollar Trading Sideways, Fed Announcement Next

The Canadian dollar continues to trade quietly this week. In the Wednesday session, USD/CAD is trading at 1.2837, down 0.10% on the day. On the release front, there are no Canadian events on the schedule. In the US, ADP Nonfarm Payrolls are…
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