Daily Analysis of USDCAD

Pressure grows for RBA to be more open

IF the US Federal Reserve ups the ante in terms of transparency by holding press conferences, as was suggested in the US yesterday, that will put pressure on other central banks, including Australia’s, to follow.

Analysis of todays currency movements Part 1

Today, there was a huge fall in a lot of currency pairs and i hope everyone made some nice money. Usually the London session is the one with a lot of action and that was again proved yet again today where all the pairs saw a large drop during that session.

US consumer sentiment rebounds in April

U.S. consumer confidence rebounded in April to the highest levels since September before investors panicked about the collapse of Lehman Brothers and the global banking system’s near implosion, a survey showed on Friday.

Worst of UK recession 'behind us'

There are signs the economy may already have started a recovery, according to an economist who is set to join the Bank of England’s rate-setting body.

Canada annual inflation eases in March, core higher

Canada’s annual inflation rate slowed to 1.2 percent in March from 1.4 percent in February on falling gasoline and car prices, but the core rate closely watched by the central bank unexpectedly rose to 2 percent.

SNB still pushing for weaker franc

Euro weakness was maintained in European trading on Friday with a trough around the 1.2765 level, the lowest Euro level since the second week of December, as markets looked to challenge underlying Euro support levels. The dollar also continued to gain some support from defensive demand as risk appetite remained subdued with stock markets generally struggling for much of the day as fears over the financial sector and global economy continued.

Steep Decline in Euro-Zone Industrial Production

The recent improvement in market sentiment, regarding the global prospects, has been highlighted more in asset prices than firm economic data. A reasonable phenomenon, given the backward looking nature of economic data. However, it seems markets have gotten slightly ahead of themselves

Ahead of the Bell: Jobless claims

Government data are expected to show that new jobless claims edged up last week while the total number of people receiving unemployment insurance set a record for the 11th straight week. The nation’s job market is expected to remain weak into next year as companies purge thousands more workers.

New York Fed Factory Index Rose More Than Forecast

Manufacturing in the New York region contracted this month the least since September and the outlook for the next six months improved for a second time.