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April 15 - Canadian Dollar last week analysis

Hello,
Three factors impacting Canadian Dollar last week -
1) Upbeat BOC: The Bank of Canada's Business Outlook Survey showed optimism about the economy. They did not hint of rate hike, but the upbeat mood was supportive.
2) Higher oil prices: Prices of both WTI Crude Oil and Brent reached the highest levels since 2014. The tensions around Syria contributed to the move, but the fundamentals of supply and demand are currently favorable for Canada's crucial export.
3) NAFTA is getting closer: A de…
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April 13 - University of Michigan consumer sentiment index slips

Hello,
University of Michigan’s consumer sentiment index in April fell to a reading of 97.8, down from 101.4 in March. Consumer sentiment index of the University of Michigan measures the level of consumer confidence in economic activity.
Michigan Consumer Sentiment Index is one of the leading consumer sentiment indicators for the U.S. University of Michigan also tracks Current Conditions, Consumer Expectations, 1-year and 5-year Inflation Expectations.
While the reading still showed that confide…
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March 8 - USA Initial Jobless Claims ahead !

Hello Everyone,
I hold the view that US Dollar will appreciate after USA Initial Jobless Claims.
Here, is the explanation -
US Initial Jobless Claims are likely to decline further to 205 K for the week ended 3rd March 2018 compared to 210 K reported in the previous week.
Initial jobless claims in United States have reached the lowest levels since year 1969 aided by strong growth momentum being seen in US economy.
Favorable financial conditions along with strong demand in domestic as well as exp…
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March 7: Canadian Bank Rate Decision at 15 GMT !!!

Hello Everyone,
FX Markets widely agree on one thing: Governor Stephen Poloz won't raise rates today.
This will keep rates unchanged at 1.25 %.
Major negative point against raising rates is: Canadian Q4 GDP, at 1.7% annualized, was below the Bank of Canada’s estimate of 2.5%.
On the other hand, major positive point in favor of raising rates is : core inflation continues to trend higher, with two of the BoC’s three measures up to 1.8%, with the third at 1.6%.
I stand with BULLS as I foresee dovi…
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March 6 : US Factory Orders at 15 GMT !!!

Hello Everybody,
Today, we have a important US economic data release - New orders for US manufactured goods.
It will be out at 15 GMT hours.
It will affect USDJPY.
Manufacturing makes up about 12% of the US economy.
Last update on 2nd February 2018 showed that new orders for US made manufactured goods increased more than expected in December 2017.
They rose 1.7%, advancing for a 5th straight month.
Today, report is expected to show a 1.3% drop in the headline figure.
But, strong business spendi…
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March 5 : Mexican Consumer Confidence Data Ahead !!

Hello Everybody,
USDMXN traders should take note of Mexican Consumer Confidence data release scheduled today at 14 GMT.
Mexican consumers are currently reeling from high inflation and high interest rates. Sharp drop in consumer confidence was reported by INEGI, report showed that consumer confidence fell to a seasonally adjusted 3.1% between December to January.
INEGI is Mexico's national statistics institute.
Mexican economy is losing steam amidst low investor confidence and ongoing renegotiati…
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March 4 : Stronger British pound sterling (GBP) on Monday??

Hello everybody,
Brexit has sent GBPUSD to levels last seen in 1985 and despite the recovery, Sterling still suffers.
But, I expect stronger British pound sterling (GBP) on Monday.
UK services PMI (purchasing managers' index) is due on Monday.
U.K. Services PMI captures an overview of the services sector of the British economy.
Let's examine recent UK economic data -
(1) PMI index for the manufacturing sector in February slightly decreased by 0.1 points, to 55.2 against the forecasted decline to…
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March 2= Michigan Consumer Sentiment Index today.

Hello everybody,
I expect stronger dollar.
Today, US Dollar could be more immediately affected by the finalised University of Michigan consumer sentiment figure for February.
We saw that recent ISM PMI's exhibited values above 60.
And, Michigan Consumer Sentiment Index can make new highs around 100.
According to the preliminary estimates, the University of Michigan's consumer sentiment for the United States increased to 99.9 in February of 2018 from 95.7 in January. This would be the the second…
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March 1 = Canadian GDP data in focus on Friday !!

Hello everybody in the new month,
Canada releases its GDP figures once a month, and this time, the figures are for December, concluding the last quarter and the full year.
Despite oil price collapse in 2014 and 2015, Canadian GDP growth recorded only three negative quarters since.
Looking solely at the GDP, it seems as though Q2 2016 wildfires hit the economy worse than the oil price shock.
Anyhow, oil producers, manufacturers and exporters seem to have adjusted well and the economy bounced back…
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