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Hotter than forecast Canadian CPI sees USD/CAD slide
The Canadian May CPI report has just been released. The markets were expecting a very slight down tick from the readings taken in April, of around 0.1% on an annualised basis (2.7% down to 2.6%) and by 0.2% on the month (0.5% down to 0.3%). The actual data has revealed a greater than forecast on the month and the year, of 0.6% and 2.9% respectively. The USD/CAD was trading around 1.3675 just ahead of the release, it is now trading sharply lower, dropping to 1.3625 on the news. It is just now at 1.3640
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
