Tuesday's Forex Outlook

By The National Bank of CanadaCurrenciesJun 04, 2013 08:36AM ET

www.investing.com/analysis/tuesday's-forex-outlook-169792

Tuesday's Forex Outlook

By The National Bank of Canada | Jun 04, 2013 08:36AM ET

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Some areas on the Old Continent, particularly Austria, Germany and the Czech Republic received the equivalent of two months of rainfall over the weekend, leading to flooding and landslides. Initial reports indicate four people have died, with a dozen missing and hundreds evacuated. The human repercussions will certainly be considerable. From an economic standpoint, this augurs very poorly for the eurozone, which is attempting to get back on track and generate economic growth. The euro has lost a few points against the greenback this morning.

This morning at 10 a.m., U.S. ISM Manufacturing Index and Construction Spending figures will be released. Markets are forecasting an increase of 0.9% in the latter over the previous month. This would be good news for the U.S. real estate market, which has been gradually returning to health since bottoming out during the financial crisis. Pundits are calling for the ISM Manufacturing Index to hold steady at 50.7, indicating that the manufacturing sector is just barely growing. Wishing you a great day. Xavier Villemaire

Range of the day: 1.0325 - 1.0425

Economic Data

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EUR/USD is trading near 1.0806 on Friday, maintaining its position despite failing to extend its gains further. Investors’ focus is on February’s upcoming US employment data,...

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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%
Nasdaq	18,196.22	+126.97	+0.70%
S&P 500 VIX	23.37	-1.50	-6.03%
Dollar Index	103.810	-0.220	-0.21%

Crude Oil WTI	67.04	+0.68	+1.02%
Brent Oil	70.36	+0.90	+1.30%
Natural Gas	4.399	+0.097	+2.32%
Gold	2,914.10	-12.50	-0.43%
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%
NVIDIA	112.69	+2.12	+1.92%
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%

Tuesday's Forex Outlook

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