Articles by Alfonso Esparza

The Canadian dollar fell on Monday after the US dollar is trading near the 1.23 price level. The September Federal Open Market Committee (FOMC) meeting kicks off on Tuesday and the market expects that when it ends on Wednesday the US central bank will have officially launched its balance sheet reduction initiative. The fixed income […]

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Bank of Canada Deputy Governor Tim Lane, answering questions from the audience following a speech in Saskatoon, Saskatchewan, said the the central bank is closely monitoring the impact of a stronger Canadian dollar. ‘As the Canadian dollar is strengthening, we are certainly watching that closely and will be taking that into account pretty strongly in […]

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The chances of an interest rate hike announcement in December have increased in recent days, according to a new Bank of America report published ahead of the Federal Reserve’s meeting this Wednesday. “Interestingly, market expectations for December have climbed higher over the past few days, pricing in nearly even odds of a move in December,” […]

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Mixed Data and North Korea did not keep USD down The US dollar managed to end the week in a positive note despite a lower than expected retail sales reading on Friday and flat US inflation data on Thursday. Economic data has begun to reflect the impact of Hurricane Harvey and later in the month […]

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The Canadian dollar depreciated on Friday versus its US counterpart but is still on course to a higher than 2 percent gain in the last week. The short week due to Labor day celebrations in both Canada and the US saw the loonie appreciate on the back of a surprise rate hike by the Bank […]

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USD to face inflation and retail sales The USD is lower across the board against majors as geopolitical turmoil at home and abroad, natural disasters and an uncertain fate for rate hikes have left the currency adrift. The US Federal Reserve members remain divided on the pace of rate hikes. Inflation has been low in […]

The post Dollar Staggers Ahead of Inflation Data appeared first on Forex news – Binary options.

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The Canadian dollar continues to gain after the surprise announcement by the Bank of Canada (BoC) of raising its benchmark rate by 25 basis points. Canadian economic indicators were lower than expected with building permits falling 3.5 percent and the Ivey purchasing managers index (PMI) falling to 56.3 but with a positive indicator being employment […]

The post USD/CAD Canadian Dollar Higher Ahead of Jobs Data appeared first on Forex news – Binary options.

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The dollar weakened against the euro on Thursday as the European Central Bank left its benchmark interest rate unchanged and committed to its bond-purchase program, while the central bank continued to take an optimistic view of the eurozone economy’s growth prospects. The ECB will keep buying €60 billion a month at least through the end […]

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Gold was set to recoup its losses from a day earlier as the euro strengthened against the dollar in the wake of the European Central Bank meeting, boosting investment demand for the precious metal. Gold for December delivery GCZ7, +1.02%  rose $11.60, or 0.8%, to $1,350.60 an ounce, set to more than recoup the 0.4% […]

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The second round of talks on renegotiating the North American Free Trade Agreement ended Tuesday amid resistance to discussing Mexico’s low wages and large differences over dispute resolution mechanisms. The head negotiators for all three countries at the talks in Mexico City said progress had been made, but U.S. Trade Representative Robert E. Lighthizer said […]

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