Trading the News: U.S. Non-Farm Payrolls (NFP) A 180K rise in U.S. Non-Farm Payrolls (NFP) may fuel the bullish sentiment surrounding the greenback and trigger a pullback in EUR/USD should the report put increased pressure on the Federal Reserve to further normalize monetary policy. What’s Expected: Why Is This Event Important: With the Federal Open Market Committee (FOMC) widely anticipated ...
Trading the News: U.S. Durable Goods Orders A 1.7% rebound in U.S. Durable Goods Orders may heighten the appeal of the greenback and spark a near-term decline in EUR/USD as it puts increased pressure on the Federal Open Market Committee (FOMC) to raise the benchmark interest rate at the last 2016-meeting on December 14. What’s Expected: Why Is This Event Important: Fed Funds Futures are pricing ...
Trading the News: Canada Retail Sales A 0.6% rebound in Canada Retail Sales may spark a bullish reaction in the loonie and lead to a near-term pullback in USD/CAD should the data print highlight an improved outlook for growth and inflation. What’s Expected: Why Is This Event Important: Even though the Bank of Canada (BoC) keeps the door open to further embark on its easing-cycle, a marked pickup ...
Trading the News: Canada Consumer Price Index (CPI) Another uptick in Canada’s Consumer Price Index (CPI) along with stickiness in the core rate of inflation may foster a larger pullback in USD/CAD as the Bank of Canada (BoC) ‘expects total CPI inflation to be close to 2 percent from early 2017 onwards.’ What’s Expected: Why Is This Event Important: Even though the BoC ‘actively’ discussed more ...
The jobless rate in Australia was a seasonally adjusted 5.6 percent in October, the Australian Bureau of Statistics said on Thursday. more...
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