Dollar-loonie is likely to be highly active later this week because of the respective countries’ job reports on Thursday and Friday. Since the NFP has consistently been higher than expected in 2023 so far, it wouldn’t be very surprising to see a stronger result on Friday with a kneejerk higher for USDCAD. That could provide…
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Wednesday is the big day this week for dollar-yen, with advance quarterly GDP data from the USA coming ahead of the FOMC’s meeting. Very poor data is already priced in but how the Fed interprets the figures might be key for ongoing direction in the latter part of the week. Key data points Wednesday 29…
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Key data points Tuesday 14 April (all day): G7’s video meeting Wednesday 15 April, 12.30 GMT: American monthly retail sales (March) - consensus -7%, previous -0.5% Thursday 16 April, 12.30 GMT: American initial jobless claims (11 Apr) - consensus 4.7 million, previous 6.6 million Brent, four-hour There hasn’t been any ongoing direction for crude oil…
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