NBC Daily Forex : August 05, 2013

By The National Bank of CanadaCurrenciesAug 06, 2013 04:02AM ET

www.investing.com/analysis/nbc-daily-forex-:-august-05,-2013-178504

NBC Daily Forex : August 05, 2013

By The National Bank of Canada | Aug 06, 2013 04:02AM ET

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We got some good news from the Old Continent this morning, with the Eurozone Purchasing Manufacturers' Index showing its first signs of expansion in the past 18 months. The survey of private sector companies generated a result of 50.5 (with any figure above 50 being an indicator of growth). However, investors shouldn't pop the champagne bottles just yet, as a great deal of work remains to be done for Europe to emerge from its extended recession, particularly in terms of the jobs situation.

On our side of the Atlantic, positive economic developments south of the border on Tuesday, Wednesday and Thursday helped boost the greenback, which rose against its major peers, particularly the loonie, gaining some 150 bps against the CAD in the past two trading sessions. Last Friday's jobs figures did not prove sufficiently disappointing to alter the trend.

After the myriad economic indicators announced last week, the calendar for the coming five days appears sparse in comparison. Canadian jobs data will be the main attraction in North America this Friday.

The U.S. ISM Non-Manufacturing Index will be announced this morning at 10 a.m. Analysts expect a reading of 53.1, slightly below the average of 54.5 seen over the past year. Wishing you a great day! Gardy Pharel

Range of the day: 1.0340 -1.0440

Description

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.65%

Apr 17, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	42,768.5	+189.7	+0.45%
US 500	5,764.8	+26.3	+0.46%
Dow Jones	42,801.72	+222.64	+0.52%
S&P 500	5,770.20	+31.68	+0.55%
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S&P 500 VIX	23.37	-1.50	-6.03%
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Crude Oil WTI	67.04	+0.68	+1.02%
Brent Oil	70.36	+0.90	+1.30%
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Silver	32.809	-0.529	-1.59%
Copper	4.7100	-0.0975	-2.08%
US Soybeans	1,025.00	-2.25	-0.22%

U.S. 10Y	4.304	+0.025	+0.70%
U.S. 30Y	4.601	+0.022	+0.44%
U.S. 5Y	4.083	+0.025	+0.74%
U.S. 3M	4.303	+0.002	+0.00%
US 10Y T-Note	110.55	-0.23	-0.21%
Euro Bund	127.66	-0.81	-0.63%
10-2 Yield Spread	30.34	-0.98	-3.13%

Apple	239.07	+3.74	+1.59%
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Alphabet A	173.86	+1.51	+0.88%
Tesla	262.67	-0.78	-0.30%
Amazon.com	199.25	-1.45	-0.72%
Netflix	891.11	-15.25	-1.68%
Meta Platforms	625.66	-2.27	-0.36%

NBC Daily Forex : August 05, 2013

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