Posts Tagged ‘retail-sales’

Loonie Strengthens Against Greenback; USDCAD Testing Channel Support

by Christopher Lemieuxon June 12, 2014 3:18 am BST
The Canadian dollar strengthened against the US dollar, pushing the exchange rate through 1.0900. Commodity linked currencies have seen support over the recent week, and crude’s challenge of $105 per barrel has helped the loonie firm up against the greenback. Darcy Brown, managing director at Capital Markets Trading, said “the commodities-based currencies are more or […]

USDJPY Range Bound Ahead Economic Data, US Retail Sales and BoJ Monetary Statement

by Christopher Lemieuxon June 10, 2014 4:30 am BST
The dollar-yen remains in range bound trade heading into key economic data at the end of the week. The US retail sales and unemployment claims will set the stage for directional dollar trade, while the Bank of Japan (BoJ) monetary statement will help define the central bank’s outlook on further easing going forward. According to […]

Sterling Has Mixed Results After Strong Economic Data; EURGBP Held Under Key Fib. Level

by Christopher Lemieuxon May 26, 2014 7:53 am BST
The Sterling has had mixed results following a strong retail sales report on Wednesday. The pound was higher for the fourth week against the euro but has remained weak against the greenback after declining from multi-year highs. The pound has seen support since the Bank of England (BoE) said that the discussion on higher interest […]

Gold Falls Sharply on Optimisim

by Christopher Lemieuxon April 15, 2014 10:53 am BST
Gold fell sharply after failing to surpass technical resistance near $1,330 per ounce on optimism that the US economy is improving, thus weakening demand. Gold was near a three-week high with tension in Ukraine increasing, and they show no signs of lessening anytime soon. Nevertheless, the precious metal has been quite had to keep in […]