Apr 06, 2015 15:54 pm UTC| Commentary
The loonie was firm below C$1.25 ahead of a crucial week for the Canadian economy. A weaker greenback and firmer oil prices above $50 helped the loonie hold near its strongest level in more than a week.How the loonie fares...
Apr 06, 2015 15:54 pm UTC| Commentary
Receding expectations for the Fed to boost U.S. interest rates helped sterling hover closer to the key $1.50 threshold, its highest in more than a week. U.K. markets are closed today for the Easter Monday holiday.Upside...
Apr 06, 2015 15:53 pm UTC| Commentary
The Aussie dollar rose to April highs above $0.76 against its jobs-injured U.S. counterpart. The Aussie is days removed from hitting fresh six-year lows under $0.76, a decline stemming from expectations for Australias...
Apr 06, 2015 15:53 pm UTC| Commentary
Underwhelming U.S. jobs news and growing signs of improving economic momentum in Europe helped the euro hover around $1.10 against its U.S. counterpart, its strongest level in more than a week. Doubts about the durability...
Strengthening domestic economy to fuel optimism among US service-sector firms in the coming months
Apr 06, 2015 15:44 pm UTC| Commentary
The Institute for Supply Management (ISM) non-manufacturing index edged lower by 0.4 points to 56.5 in March. The headline number was bang on market expectations.The 1.9 point decline in the business activity sub-component...
Apr 06, 2015 15:28 pm UTC| Commentary
USD/CADs last week selloff has brought the pair toward the bottom of the 10-week range, which provides a solid risk/reward trading opportunity in spot"A likely soft tone to key data and oil prices still within the 2015...
US ISM non-manufacturing index points to strong economy
Apr 06, 2015 14:49 pm UTC| Commentary
The modest decline in the ISM non-manufacturing index to 56.5 in March, from 56.9, still leaves it at a level that has historically been consistent with GDP growth of about 3% annualised. The new orders index also...