The Canadian dollar is drifting on Friday. In the European session, USD/CAD is trading at 1.3496 at the time of writing, down 0.05%.
06-09-2024 04:53 GMT
by Kenneth Fisher
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OANDA Market Analyst Kenny Fisher joins Jonny Hart to discuss this week’s key economic data and events as well as the impact on global markets. Pivotal week peppered with major events; Bank of Canada cuts rates for third straight time; US nonfarm payrolls could determine extent of Federal Reserve rate cut later this month; and Nvidia plunges by almost 10%
05-09-2024 14:12 GMT
by Kenneth Fisher
The Japanese yen has posted gains on Thursday. In the North American session, USD/JPY is trading at 143.27 at the time of writing, down 0.33% on the day.
05-09-2024 13:39 GMT
by Kenneth Fisher
The Australian dollar has posted slight gains on Thursday. AUD/USD is trading at 0.6732 in the North American session, up 0.11% today at the time of writing.
Australia’s economy has been dubbed a “horror show” by some local commentators and yesterday’s weak GDP release only reinforced the pessimism about economic conditions.
05-09-2024 12:39 GMT
by Kenneth Fisher
The Canadian dollar is almost unchanged on Wednesday. In the North American session, USD/CAD is trading at 1.3507 at the time of writing, down 0.02%.
05-09-2024 11:16 GMT
by Kenneth Fisher
US Dollar Index (DXY) weakens as JOLTS job openings drop to a 3.5-year low of 7.673 million.
Japanese Yen strengthens amid recessionary fears and hawkish comments from BoJ Governor Ueda.
Recession fears persist. Will Friday's jobs data finally alleviate these concerns?
04-09-2024 14:15 GMT
by Zain Vawda
The Canadian dollar is showing limited movement on Wednesday. In the European session, USD/CAD is trading at 1.3555 at the time of writing, down 0.08%.
BoC expected to cut for third consecutive time
All eyes are on the Bank of Canada, which will announce its rate decision later today.
04-09-2024 07:58 GMT
by Kenneth Fisher
Gold prices are trending down due to a lack of safe-haven bids and a strong US Dollar.
Upcoming US jobs data and interest rate decisions will significantly impact gold's future performance.
September is historically a challenging month for gold, which could further influence its trajectory.
04-09-2024 07:31 GMT
by Zain Vawda
The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6704 in the European session, down 0.10% today at the time of writing.
04-09-2024 06:00 GMT
by Kenneth Fisher
The Swiss franc is showing limited movement on Tuesday. USD/CHF is trading at 0.8507, down 0.11% on the day.
Swiss CPI drops to 1.1%
Swiss inflation declined to 1.1% y/y in August, down from 1.3% in the previous two months and below the market estimate of 1.2%.
03-09-2024 13:15 GMT
by Kenneth Fisher
The British pound continues to drift this week. In the North American session, GBP/USD is trading at 1.3103, down 0.33% on the day.
UK BRC retail sales jump
The British Retail Consortium reported a strong gain in retail sales for August.
03-09-2024 11:04 GMT
by Kenneth Fisher
The Australian dollar is sharply lower on Tuesday. AUD/USD is trading at 0.6732 in the European session, down 0.88% today at the time of writing.
Australian GDP expected to remain soft
Australia’s economy has been sputtering and the markets aren’t expecting much change from second-quarter GDP on Wednesday.
03-09-2024 06:50 GMT
by Kenneth Fisher
USD/JPY rises for the fourth consecutive day, supported by US economic optimism.
US employment data this week is crucial for Fed's September rate decision and USD/JPY direction.
Japanese economic indicators and seasonality may also influence USD/JPY's trajectory.
Most Read: Markets Weekly Outlook – NFP Jobs Data to Rule Out 50 bps Fed Rate Cut?
USD/JPY continued its advance on a thin liquidity Monday. The greenback is up around 0.57% against the JPY and on course for a fourth successive day of
02-09-2024 12:52 GMT
by Zain Vawda
The British pound is showing limited movement on Monday. With US markets closed for labor day, we’re unlikely to see much movement from the US dollar.
02-09-2024 12:29 GMT
by Kenneth Fisher
The euro has edged up on Monday and has stopped a nasty three-day slide in which the euro slipped 1.2%. In the North American session, EUR/USD is trading at 1.1066, up 0.18% on the day.
02-09-2024 11:13 GMT
by Kenneth Fisher
The Swiss franc has edged higher on Monday. USD/CHF is currently trading at 0.8514, up 0.16% on the day.
02-09-2024 08:11 GMT
by Kenneth Fisher
The recent 7.4% rally in the AUD/USD from its 5 August 2024 low has been driven by a resurgence of risk-on behaviour and the US Fed’s dovish pivot.
Weak China’s manufacturing PMI data and housing market are likely to be in the driving seat now to potentially dictate the sentiment of the AUD/USD.
Further weakness in Iron Ore futures prices may trigger a negative feedback loop into AUD/USD.
Watch the key medium-term resistance of 0.6900 on the AUD/USD with intermediate supports at 0.6700 and 0.660
02-09-2024 06:58 GMT
by Kelvin Wong
US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% target.
Commodity prices fluctuate on geopolitical fears and OPEC+ production plans.
US jobs data release is key market-moving event in the week ahead, with potential to impact Fed rate cut decisions.
30-08-2024 15:23 GMT
by Zain Vawda
The Canadian dollar is almost unchanged on Friday. In the North American session, USD/CAD is trading at 1.3483 at the time of writing, down 0.01% on the day.
BoC expected to cut for third consecutive time
The Bank of Canada is likely to lower rates for a third time in as many meetings on Sept.
30-08-2024 09:14 GMT
by Kenneth Fisher
The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6804 in the European session, up 0.09% today at the time of writing.
Australian retail sales stagnate
Consumer spending in Australia has been weak, which has chilled economic activity.
30-08-2024 01:57 GMT
by Kenneth Fisher