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ForexLive Americas FX news wrap: Canadian dollar clobbered

Forex news for North American trading on October 20, 2017:
Markets:
– S&P 500 up 13 points to record 2574
– Gold down $10 to $1280
– WTI crude up 18-cents to $51.47
A weak retail sales report dashed hopes for a Bank of Canada rate hike and sent USD…

ForexLive Americas FX news wrap: Canadian dollar clobbered

Forex news for North American trading on October 20, 2017:
Markets:
– S&P 500 up 13 points to record 2574
– Gold down $10 to $1280
– WTI crude up 18-cents to $51.47
A weak retail sales report dashed hopes for a Bank of Canada rate hike and sent USD…

ForexLive Americas FX news wrap: Canadian dollar clobbered

Forex news for North American trading on October 20, 2017:
Markets:
– S&P 500 up 13 points to record 2574
– Gold down $10 to $1280
– WTI crude up 18-cents to $51.47
A weak retail sales report dashed hopes for a Bank of Canada rate hike and sent USD…

CFTC Commitments of Traders: Cable longs cut back

CFTC Commitments of Traders highlights for the week ending Oct 17, 2017:
– EUR long 90K vs 98K long last week.
– GBP long 5K vs 15K long last week.
– JPY short 101K vs 101K short last week.
There wasn’t much in terms of position changes but looking …

Trump: Taylor and Powell together at the Fed an option

Trump on Fox Business
– Says both ‘very talented’
– Says he likes Yellen ‘a lot’
– Taylor and Powell together ‘in my thinking’ but adds ‘I have a couple of other things in my thinking’
Forgotten in the talk about the race for the Fed chair is that ther…

US 2017 fiscal deficit was $665.7 billion vs $585.6 billion a year earlier

Final numbers for the fiscal year-ended in September
– Deficit was 3.5% of GDP compared to 3.2% in fiscal 2016
– Sept surplus of $8B compared to $6B expected
The big question, is whether the deficit is going to rise or contract in the year ahead. My gu…