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USD/CAD – Canadian Dollar Strengthens, US Housing Data Jumps

USD/CAD – Canadian Dollar Strengthens, US Housing Data Jumps

Oct 21, 2014

The Canadian dollar has posted gains on Tuesday, as USD/CAD trades in the low-1.12 range in the North American session. On the release front, it’s a very quiet day, with no Canadian events on the schedule. In the US, the sole release was Existing House Sales. The important indicator...

AUD/USD – Aussie on the Move Despite Flak From RBA

AUD/USD – Aussie on the Move Despite Flak From RBA

Oct 21, 2014

The Australian dollar continues to post gains on Tuesday, as AUD/USD is trading above the 0.88 line. On the release front, the RBA minutes said that the Australian dollar was overvalued. Later in the day, we'll get a look at two minor events, MI Leading Index and CB Leading...

EURUSD: Will the Downtrend Resume?

EURUSD: Will the Downtrend Resume?

Oct 21, 2014

Despite the Eurodollar commencing the European session by moving as high as 1.2839, the pair once again found resistance around 1.2840. Since then, the pair has unexpectedly pulled back by 80 pips and is currently trading at 1.2749 at the time of writing. The sudden decline in the pair...

Central Banks in View After China Growth Surprise Fails to Lift Markets

Central Banks in View After China Growth Surprise Fails to Lift Markets

Oct 21, 2014

Earlier today China released the official Gross Domestic Product for the third quarter. It came in at 7.3% a slight improvement over the expected 7.2% but still the lowest print since 2009. The gain was not enough to dissuade the market about the China slowdown story as facts continue...

USD/JPY – Yen Pressing on Greenback Ahead of Japanese Trade Balance

USD/JPY – Yen Pressing on Greenback Ahead of Japanese Trade Balance

Oct 21, 2014

The Japanese yen is stable on Tuesday, as USD/JPY trades in the high-106 range in the European session. In Japan, All Industries Activities posted another decline, coming in at -0.1%. Later in the day, we'll get a look at Trade Balance. Little change is expected from the previous release...

Gold Prices Close To 6-Week Highs

Gold Prices Close To 6-Week Highs

Oct 21, 2014

Gold is steady on Tuesday, as the spot price is $1248.16 per ounce in the European session. The metal is trading just shy of $1249.71, which marks a 6-week high. Today’s sole release on the calendar is Existing Homes. The markets are expecting the indicator to improve in the September...