Category Archives: FX Street

Canadian bills disposed randomly on a table.

USD/CAD in fresh 2017 lows post-BoC, near 1.2850

The Canadian Dollar is gathering further steam today, now dragging USD/CAD to fresh lows in the 1.2860/50 region. USD/CAD weaker on hawkish BoC CAD derived extra support after the Bank of Canada raised its overnight rate target by 25 bp to 0.75% at today’s meeting,


Gold retreats from highs post-Yellen, near $1,220/oz

The upside momentum in the ounce troy of the precious metal seems to have run out of steam near session tops around $1,225 following the prepared statement from Chief J.Yellen. Gold upside capped near $1,225 The yellow metal has faded part of the earlier up


EUR/USD spikes, then retreats sharply on Yellen headlines

The EUR/USD pair quickly reversed a knee-jerk fall and spiked over 50-pips from lows following the release of the text of the Fed Chair Janet Yellen’s upcoming testimony. The US Dollar came under some fresh selling pressure after the text lacked any surprise hawkish hints


Janet Yellen Speech: Congressional Testimony – Day 1 – Live

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System , is scheduled to deliver the first part of her congressional testimony speech at 14 GMT in Washington before the House Financial Services Committee. In her prepared testimony, which was released in the last


EUR/GBP retreats farther from yearly tops, slips below 0.8900 handle

The EUR/GBP cross extended its retracement from yearly tops, near mid-0.8900s, and refreshed session lows during early NA session. The British Pound continues to benefit from today’s surprisingly stronger UK labor market report, showing an unexpected drop in the unemployment rate and lower-than-expected claimant count


EUR/USD: options markets stay doubtful of the upside

CME Group’s flash data for Tuesday for the 6EU7 contract expiring on August 4th noted OTM (‘out of the money’) Puts increased by 167 contracts vs. an increment of 367 contracts in OTM Calls. The activity in OTM Calls was focused mainly in the 1.1650