Forex

Will Retail Sales Beat or Miss?

The U.S. dollar extended lower against most of the major currencies on Wednesday despite a stronger Empire State manufacturing survey.  According to this report, activity in the New York region soared in September with the index rising to 34.3 from 18.3

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Will ECB Look Past Decade High Inflation?

The European Central Bank has a monetary policy announcement on Thursday and many investors are wondering if euro will fall to the same fate as the Canadian and Australian dollars. Seven weeks later inflation is at a 10 year high.  The Delta variant is wrecking havoc across the globe, leading to tightened restrictions and worries about more cases in the Fall.

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Rate Decisions Bury Currencies

Central bank meetings are creating more pain than gain for currencies this week. The RBA, BoC and ECB meetings are some of this week’s most important event risks. Over the past few months, central banks have grown increasingly distanced in their policy directions.

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The Worry About US Jobs

Friday’s jobs report is the most important event risk this week and while economists and investors expect job growth to slow, the significantly weaker than anticipated ADP number raises concerns for non-farm payrolls. 

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Dollar Tracks Yields Higher

Focus turns to the U.S. labor market tomorrow with ADP’s employment report on the calendar.  With little direction and catalyst a good ADP report could get still investors excited

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