Forex Winner

U.S. jobless claims for the week ending March 13 was 770,000, up 45,000 from the previous week, according to the Department of Labor press release. The claims were higher than the consensus estimate of 700,000. Previous week jobless claims were revised up by 13,000 from 712,000 to 725,000.Continuing claims totaled 4.124 million, down from 4.142 million the previous week … [Read more...] about U.S. Jobless Claims Rise above Expectations to Hit 770,000

The USD/JPY recent rally has paused as investors continue to watch the performance of the bond market and the upcoming review by the Bank of Japan (BOJ). The pair is trading at 109.20, where it has been for the past few days. Japan has responded to the pandemic well The Japanese economy has been relatively resilient during the coronavirus pandemic. While the country’s … [Read more...] about USD/JPY Forecast Ahead of the BoJ Interest Rate Decision

Canadian Price Index rose at 1.1%, faster than January’s 1.0%, according to Statistics Canada press release. On a seasonally adjusted monthly basis, the CPI rose 0.1% in February. Gasoline prices supported consumer price growth, recording 5.0% gains on a year over year basis.Gasoline prices increased for the third consecutive month, up 6.5% in February compared to … [Read more...] about Canadian Consumer Price Index Rose at a Faster Rate in February

Global oil demand will not return to pre-pandemic levels until 2023, according to the International Energy Agency report. IEA expects growth to be subdued thereafter amid new working habits and a shift away from fossil fuels.  IEA projects fuel consumption to average just over 101 million barrels a day in 2023, fully recouping the 9 million a day lost last year during … [Read more...] about IEA Does Not Expect Global Oil Demand to Hit Pre-Pandemic Level Until 2023