Forex news for November 21, 2014:
- Canadian Oct CPI 2.4% y/y vs 2.1% y/y expected
- Canadian inflation driven by shelter, taxes
- Kansas City Fed manufacturing index 7 vs 6 exp
- November 2014 US KC Fed manufacturing index 7 vs 6 exp
- ECB has started ABS purchases
- Greece can “technically” stretch out EU program beyond 2014 – MNI
- California leads US jobs market in state-by-state breakdown
- Obama goes to war over a pipeline and then drops renewable fuels
- Germany’s Schaeuble says they will be in a position to increase spending next year
- QE is an operation that we could enact at a certain moment says ECB’s Honohan
- Gold up $7 to $1201
- WTI crude up 71-cents to $76.56
- US 10-year yields down 3 bps to 2.31%
- S&P 500 up 10 points to record 2063
- On the week, S&P 500 up 1.2%
- CAD leads, EUR lags
The big news on the day came with most US traders fast asleep. China cut interest rates and Draghi talked about the ECB doing more.
In US trading, the dollar was bid throughout most of the session as stocks made a move.
FX ticker
Have a great weekend!
