Canada’s Trade Surplus Widened in April
Canada’s trade balance moved into a $2.7 billion surplus in April, widening from $1.8 billion the prior month. Exports in April rose by 1.6% month-on-month (m/m) following sturdy gains over…
18 consecutive months and running: China’s central bank extends Gold-buying spree
China’s central bank, one of the major Gold purchasers worldwide, continued to add the precious metal to its vaults in April, in a sign that demand from sovereigns remains high.The…
US: Small Business Optimism Eases in May as Price Pressures Trek Higher
The NFIB’s Small Business Optimism Index fell 0.6 points to 95.3 in May, disappointing market expectations for a modest uptick to 96.1. The Uncertainty Index rose 3 points to 91,…
British Pound: Flow-driven gains eye resistance – Scotiabank
Scotiabank’s Analyst Team notes Sterling is a moderate outperformer versus core majors, supported by broader risk appetite rather than domestic data. They highlight ongoing political uncertainty around the June 18…
Crude oil is moving to new lows and tilting the technical bias more to the downside
Markets appear to be disconnecting from some of the traditional risk drivers today. Both the NASDAQ and S&P 500 have surrendered earlier gains and slipped into negative territory, even as…
Indonesian Rupiah: Stability relies on tighter BI policy – UOB
UOB’s Enrico Tanuwidjaja and Vincentius Ming Shen note that Indonesia’s FX reserves fell further in May as Bank Indonesia (BI) stepped up interventions to support the Rupiah, which has weakened…
Sunset Market Commentary – ActionForex
Markets Markets today experienced some kind of an ‘interim session’ with few high profile data and no ‘new news’ on the conflict in the Middle East. US President Trump repeated…
Gold: Has It Bottomed Out at $4,300?
Gold is trying to find a bottom, bracing for the US CPI release. China continues to buy gold for the 19th consecutive month. The US dollar retreated after Israel and…
Euro: Dependent on Dollar moderation – NBC
National Bank Canada's (NBC) Stéfane Marion and Kyle Dahms observe that the Euro has softened alongside the broader USD rally, even as Eurozone inflation has reaccelerated and pushed the ECB…
Stocks higher, yields lower and oil lower leading to a lower dollar is the formula today
The USD Is lower to kickstart the North American session today. The EURUSD (up 0.34%) and the GBPUSD (+0.49%) are leading the way. The USDJPY is down modestly at -0.02%.…
