Category Archives: Forex Trading News Events

Canadian Inflation in Line with Expectations By Investing.com

Canada’s inflation was in line with expectations in October. Investing.com – Canadian inflation met expectations in October, according to official data released on Friday. According to the report from Statistics Canada, (CPI) for October increased 0.1% from the previous month, in line with expectations and after a 0.2% rise in September. Year-on-year, advanced 1.4% last month, also in line with expectations and compared to an increase of 1.6% in September. , which excludes food and energy, increased 0.3% in October, compared to the previous month’s reading of […]

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U.S. housing starts hit one-year high; permits increase By Reuters

© Reuters. Construction workers build a single family home in San Diego, California By Lucia Mutikani WASHINGTON (Reuters) – U.S. homebuilding jumped to a one-year high in October likely as disruptions caused by recent hurricanes in the South faded and communities in the region started replacing houses damaged by flooding. The sharp rebound in home construction reported by the Commerce Department on Friday could ease concerns about the housing market, which has been a drag on the economy since the second quarter. Housing starts surged 13.7 percent […]

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U.S. Dollar Digs into Support as Aussie, Kiwi Fall to Fresh Lows

Talking Points: – The U.S. Dollar remains in a precarious position as we near a holiday-shortened week, with Thanksgiving in the United States on Thursday. – EUR/USD positioning remains stretched at -2.24, and this could be pointing to additional topside in the pair/USD weakness. Click here to access IG Client Sentiment. – Looking for trade ideas? Check out our trading guides. And if you’re looking for something more interactive in nature, check out our DailyFX Webinars. To receive James Stanley’s Analysis directly via email, please sign up […]

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U.S. Housing Starts Recover in October, Smashing Consensus By Investing.com

© Reuters. U.S. housing starts come in at 1.290 million vs. 1.185 million forecast Investing.com – The number of housing starts and building permits surged in October, recovering from the prior month’s decline and bolstering optimism over the health of the U.S. housing sector, official data showed Friday. In a report, the U.S. Commerce Department said that housing starts jumped by from the month before to hit a seasonally adjusted last month from September’s total of 1.135 million units, which was an upward revision from the initial […]

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Despite US Dollar Woes, AUD/USD & NZD/USD Begin Next Legs Lower

Talking Points: – The DXY Index found support again near the October 26 bullish outside engulfing bar low at 93.48. – Two places the US Dollar hasn’t been struggling?: AUD/USD and NZD/USD. – Retail trader sentiment now points to a greater likelihood of further US Dollar losses against the Euro and the Yen; gains possible against the commodity bloc. Upcoming Webinars for Week of November 19 to 24, 2017 Monday at 7:30 EST/12:30 GMT: FX Week Ahead: Strategy for Major Event Risk Wednesday at 7:30 EST/12:30 GMT: […]

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Crude Oil Prices May Fall as Gold Gains Amid Risk Aversion

Talking Points: Crude oil prices may follow stocks lower amid broad-based risk aversion Gold prices may advance as souring sentiment weighs against bond yields How are our fourth-quarter commodities forecasts faring? Find out here Crude oil and gold prices found little impetus for trend development over the past 24 hours, languishing within familiar congestion ranges. Top-tier scheduled event risk is notably absent through the week-end, hinting that sentiment trends may emerge as the central driver of performance. FTSE 100 and S&P 500 futures are pointing lower before […]

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NZ Dollar Falls, Yen Gains as Mueller Closes In on Trump Campaign

Talking Points: NZ, Aussie Dollars down as Mueller subpoenas Trump campaign Yen leads funding currencies higher as sentiment sours in G10 FX Quiet data docket hints risk trends to prevail into the week-end A risk-off mood seemed to prevail in most of the G10 FX space in Asia Pacific trade, with the sentiment-linked Australian and New Zealand Dollars falling. The Japanese Yen traded broadly higherat the opposite end of the spectrum, tellingly moving inversely of its commodity-bloc counterparts. The Swiss Franc likewise advanced, displaying its recently reclaimed […]

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BOJ stimulus exit made hard by Abe’s election win: former policymaker By Reuters

© Reuters. FILE PHOTO: Japan’s Prime Minister Shinzo Abe delivers his policy speech at the lower house of parliament in Tokyo By Leika Kihara TOKYO (Reuters) – Premier Shinzo Abe’s victory in last month’s election may make it difficult for the Bank of Japan to dial back its radical stimulus next year despite the rising cost of prolonged monetary easing, former BOJ board member Sayuri Shirai said on Friday. Critics, including Shirai, have warned that maintaining ultra-easy policy for too long could hurt, rather than help, the […]

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Slowing Canada Consumer Price Index (CPI) to Curb USD/CAD Weakness

– Canada Consumer Price Index (CPI) to Slow for First Time Since June. – Core Rate of Inflation Has Held Steady at 1.5% Per Annum for Two Consecutive Months. Trading the News: Canada Consumer Price Index (CPI) Canada’s Consumer Price Index (CPI) is anticipated to slow down for the first time since June, and signs of easing price pressures may generate a near-term rebound in USD/CAD as it encourages the Bank of Canada (BoC) to carry a wait-and-see approach into 2018. Keep in mind, the BoC appears […]

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Japan exports seen growing in October on robust external demand By Reuters

Japan exports seen growing in October on robust external demand TOKYO (Reuters) – Japan’s exports are expected to have risen for an eleventh straight month in October, led by robust demand for cars and electronics manufacturing equipment as the world’s third-largest economy continues its recovery, a Reuters poll showed on Friday. Japan’s gross domestic product expanded for a seventh straight quarter in July-September due to strong exports such as cars and electronic parts to the United States and Asia. Economists predict the economy will continue to grow […]

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