MARKET OVERVIEW AT THE LONDON CLOSE

Heading into the London close session, the market is trading with a spike in volatility, and thus a rise in traded volumes as market participants continue to favour a risk-off trend. The US dollar is trading in a positive trend against the majority of its major counterparts on Thursday following the release of its Initial Jobless Claims data, which printed 283k, missing market expectations of 282k, edging higher from its previous level of 266k month on month. Initial Jobless Claims ...

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Forex in the news

Loonie lower on retail sales data

Released on Wednesday was Canada's Core Retail Sales data, which showed a -0.3% decline, missing expectations of 0.3%, up however from its previous level of -0.5%. Core Retail Sales measures the change in the total value of sales at the retail level in Canada, excluding automobiles. It is an important indicator of consumer spending and is also considered a pace indicator for the Canadian ...

US CPI misses expectations

The US dollar is trading in a higher trend on Wednesday following the release of its Consumer Price Index (CPI) data, which came in at 0.1% for its core number, missing an expected show of a 0.2% increase, up from its previous level of 0.0% month on month. The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI ...

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