Forex - USD/CAD, AUD/CAD Flows: CAD a little better to end the week


 12:58 (GMT) 16 Nov

  [Forex Flows]

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USD/CAD, AUD/CAD Flows: CAD a little better to end the week (0101-GHBZ-C01)

The CAD is looking in better shape as the weekend approaches, steadier oil prices lending a hand and looking to end a little better against the USD and close to unchanged against the AUD over the week. In the bigger picture there is a long way to go if we are to see AUD/CAD back at the lows seen earlier in the year, though a close below 1.3170 will keep lower levels in USD/CAD in the realms of possibility.

USD/CAD, AUD/CAD Flows: CAD a little better to end the week (0101-GHBZ-C02)

Forex - GBP/USD Flows: Cabinet collective decision to press ahead with text


 19:28 (GMT) 14 Nov

 [Forex Flows]

PM May finally giving the long overdue statement and, as per earlier press rumours, has the cabinet backing moving ahead with the text by 'collective decision' (you wonder whether that choice of words reveals that all was not sweetness and light). It's all a bit thin, likely in part because of the backlash by parliament members about being sidelined - hence the next statement is to parliament tomorrow. The saga now rolls on to tomorrow - how many letters have come forward for a leadership bid, whether any cabinet members jump ship after, and the statement to parliament along with initial responses to publication when it gets off the press. Pound left very much where it started.


Forex - EUR/USD, GBP/USD Flows: Modest reaction to US CPI data; earnings in focus


 13:38 (GMT) 14 Nov

 [Forex Flows]

Nothing dramatic in the US CPI data at first blush, though headline at 0.3% after rounding not so far from a 0.4% at 0.3306%, while ex-food and energy was slightly below. Average weekly earnings are on the soft side and that probably explaining why EUR/USD is back over 1.1300, but it will need to push over 1.1370 to remove the focus from a further push lower. Cable is getting less of a lift, GBP with wider worries beyond the nuances behind one US data release.


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