USD/CAD steadies as stronger US Dollar offsets support from rising oil prices
The Canadian Dollar (CAD) steadies against the US Dollar (USD) on Thursday, with USD/CAD advancing modestly after two consecutive days of declines.
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Lower mortgage rates push home sales up in September, but prices still stubbornly high
Home sales rose slightly in September, thanks to falling mortgage rates and more supply on the market, but prices are still gaining from a year ago. -
GBP/USD slips as softer UK inflation boosts BoE dovish bets
The GBP/USD retreats on Thursday, down over 0.21% after the latest inflation report in the United Kingdom, increased the odds for a Bank of England rate cut by the end of the year. At the time of writing, the pair trades at 1.3326 after reaching a high of 1.3359. -
Kansas City Fed manufacturing index for October 15 versus 4 last month
- Prior month 4
- Kansas City Fed manufacturing index for October is higher at 15
- Kansas City Fed composite index 6 versus 4 last month.
This article was written by Greg Michalowski at investinglive.com.
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Canada PM Carney: We will protect our workers if we don’t make progress on talks with US
Canada Prime Minister Mark Carney is speaking and says:
- if we don’t make progress in sectoral talks with the US, were going to do what’s necessary to protect our workers.
- We will not allow unfair access to our market, if we don’t have access to another market. Says we’re not at that point yet.
Earlier on GM, Carney said that the company will honor obligations to workers in Ontario, but and that this is not enough. We will see what else could be manufactured at the facility.
This article was written by Greg Michalowski at investinglive.com.
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GBP/JPY Daily Outlook
Daily Pivots: (S1) 202.19; (P) 202.73; (R1) 203.53; More… GBP/JPY’s break of 203.41 resistance suggests that pullback from 205.30 has completed. Intraday bias is back on the upside for retesting 205.30 first. Firm break there will resume larger rally to 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. For now, risk will stay […]
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EUR/JPY Daily Outlook
Daily Pivots: (S1) 175.97; (P) 176.21; (R1) 176.64; More… EUR/JPY’s break of 176.44 minor resistance suggests that pullback from 177.91 has completed. Intraday bias is back on the upside for retesting 177.91. Firm break there will resume larger up trend to 61.8% projection of 161.06 to 173.87 from 172.24 at 180.15 next. For now, risk […]
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United States Kansas Fed Manufacturing Activity up to 15 in October from previous 4
United States Kansas Fed Manufacturing Activity up to 15 in October from previous 4 -
EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8670; (P) 0.8692; (R1) 0.8712; More… Intraday bias in EUR/GBP remains neutral as sideway trading continues. On the downside, break of 0.8654 will resume the fall from 0.8750 to 0.8631 support. Decisive break there will indicate bearish reversal and target 38.2% retracement of 0.8221 to 0.8750 at 0.8548. Nevertheless, on the upside, […]
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EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.7840; (P) 1.7884; (R1) 1.7936; More… Intraday bias in EUR/AUD remains neutral and further rally is in favor with 1.7818 support intact. On the upside, above 1.7965 will turn bias back to the upside for retesting 1.8160 first. Firm break there will affirm the case that larger up trend is resuming, and […]
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