GDP figures are not a surprise
Fundamental Forex Analysis

GDP figures are not a surprise

Following the better-than-expected UK growth report, Chancellor Rishi Sunak said GDP figures are not a surprise. The UK is facing a severe impact from coronavirus, he added. Early response to the UK GDP data sa...

USD/CAD spikes to session tops, around mid-1.4100s in reaction to BoC’s surprise rate cut
Forex News

USD/CAD spikes to session tops, around mid-1.4100s in reaction to BoC’s surprise rate cut

USD/CAD stages a solid intraday recovery from sub-1.4000 levels, or 1-1/2 week lows. Sliding oil prices, a goodish pickup in the USD demand led to the initial leg of recovery. The BoC’s surprise decision to cut...

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Forex News

EUR/USD reverses Fed’s surprise rate cut inspired rally to 1.1200

EUR/USD pares back gains as the US dollar recovers ground broadly. Fed surprised with a rate cut to zero and announced further QE. Eyes on virus updates, USD dynamics ahead of G7 and EU response. With the U...

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Forex News

AUD/USD stays below 0.6200 as the central bankers surprise markets

AUD/USD drops back to sub-0.6200 on Fed Chair’s presser. RBA cheers the Aussie financial system. Fed/RBNZ announced surprise rate cuts but the respective central bankers refrain from further moves. Having grad...

USD/CAD to move higher on BoC and data – TD Securities
Forex News

USD/CAD rises toward 1.3980 after BoC cuts rates in a surprise move

Bank of Canada lowers overnight target rate by 50 basis points on negative economic shock from coronavirus.  USD/CAD rises but then quickly retreats, it holds under 1.4000 The USD/CAD rose from 1.3905 to 1.397...

UK shoppers still wary about spending in January
Fundamental Forex Analysis

Australia’s Retail Sales drop 0.3% in Jan, surprise negatively – AUD/USD off the highs

Australia’s consumption, as represented by Retail Sales, unexpectedly dropped in the month of January, the Australian Bureau of Statistics (ABS) reported on Friday. The retail sales arrived at -0.3% month...

China’s trade growth seen rebounding in December – Reuters poll
Fundamental Forex Analysis

Surplus, exports surprise positively, imports disappoint in Jan

China’s Trade Balance for January, in Yuan terms, came in at CNY 271.16 billion versus CNY 261.58 billion expected and CNY 329.27 billion last. Exports came in at +13.9% vs. -6.3% expected and +9% last, w...

ISM print was a clear positive surprise – Nordea
Fundamental Forex Analysis

ISM print was a clear positive surprise – Nordea

Commenting on the ISM’s January PMI data, “the ISM Manufacturing index improved clearly in January after reaching its lowest level since the financial crisis in December,” said Nordea Markets ...