28 Jun 2017
Having A Yen For Carry
One noticeable element of Monday’s price action was the underperformance of the Japanese yen. While the US dollar struggled versus currencies such as the euro (EURUSD), the Canadian dollar (USDCAD), the British pound (GBPUSD) and the Swiss franc, the greenback gained versus the yen (USDJPY). As a consequence the yen broadly slid in value. It…
27 Jun 2017
Low Volatility May Give Euro Bulls Pause For Thought
The US dollar may have taken a dip versus the euro (EURUSD) on Monday after worse-than-expected US durable goods data but traders will be aware that durable goods is a pretty volatile number and tends not to influence currency markets for too long. This is perhaps illustrated by the spread of forecasts. Overall orders for…
26 Jun 2017
Inflation Data Leaves CAD Bulls On Horns Of A Dilemma
Canadian inflation (CPI) rose by 1.3 percent in May, Statistics Canada revealed on Friday, below both the 1.5 percent forecast of economists polled by Reuters and April’s 1.6 percent. The importance of the data had been enhanced by the fact that in the run-up to its release, comments such as from Bank of Canada (BOC)…
