House Price Index rose 0.6% in December vs. 0.3% expected
Fundamental Forex Analysis

House Price Index rose 0.6% in December vs. 0.3% expected

US Housing Price Index rose more than expected in December. US Dollar Index stays flat on the day near 99.30 after data. The Housing Price Index in December rose 0.6% in December on a monthly basis following N...

India's GDP likely expanded 4.7% in December quarter
Fundamental Forex Analysis

India’s GDP likely expanded 4.7% in December quarter

According to the latest Reuters poll of economists, Indian economic growth is seen expanding slightly in the October-December period after the GDP growth rate hit a six-year low in the previous quarter. Key fin...

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Fundamental Forex Analysis

Wholesale Sales rose 0.9% in December vs. 0.5% expected

Wholesale Sales in Canada rose more than expected in December.  USD/CAD continues to trade in positive territory, a little below 1.3300. Wholesale Sales increased 0.9% in December following November’s 1....

Manufacturing Sales declined 0.7% in December, fourth straight negative reading
Fundamental Forex Analysis

Manufacturing Sales declined 0.7% in December, fourth straight negative reading

Manufacturing sector in Canada continued to weaken toward the end of 2019. USD/CAD pair gained traction and rose toward 1.33 on disappointing data. Manufacturing Sales in Canada fell by 0.7% to $56.4 billion i...

Job Openings fell to 6.4 million in December vs. 7 million expected
Fundamental Forex Analysis

Job Openings fell to 6.4 million in December vs. 7 million expected

The number of Job Openings in the US fell to 6.4 million in December, the US Bureau of Labor Statistics said in its latest Job Openings and Labor Turnover Summary (JOLTS) report. This reading came in lower than...

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Forex News

December low is the key level to watch – Rabobank

Bullish bets on the sterling were trimmed to the lowest level so far this year. Strategists at Rabobank are keeping an eye on the December low at 1.2905. Key quotes “The market seems to be bracing for tough tra...

Canada's trudeau say shooting down of Ukraine jet may have been unintentional
Fundamental Forex Analysis

Building Permits rose 7.4% in December vs. 0.6% expected

Building Permits in Canada rose more than expected in December.  USD/CAD posts small daily gains above 1.33 after data. Building Permits issued by Canadian municipalities increased by 7.4% to $8.7 billion in D...

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Forex News

Sitting on the December low at 1.2905 – Commerzbank

The uptrend of the GBP/USD is showing signs of exhaustion as analysts at Commerzbank note. Therefore, key levels should be watched closely. Key quotes “GBP/USD has eroded its uptrend and sits on the December lo...

Trade deficit narrowed to $370 million in December
Fundamental Forex Analysis

Trade deficit narrowed to $370 million in December

Canada’s International Merchandise Trade came in at -$0.37 billion. USD/CAD pair continues to trade below 1.33 after data. Canada’s trade deficit narrowed to $370 million in December from $1.2 bill...

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Fundamental Forex Analysis

Eurozone Retail Sales declined 1.6% in December vs. -0.9% expected

Retail Sales fell sharply in euro area in December. EUR/USD pair stays under bearish pressure after dismal data. Retail Sales in the euro area decreased by 1.6% on a monthly basis in December following Novembe...