Canadian GDP for February is expected to post a month over month increase of around 0.8%—close to preliminary estimates. Retail sale volumes edged lower in February (down 0.4%), but the travel and hospitality sector rebounded Read more…
A barrage of economic indicators out of Europe and America will put the spotlight on the euro and US dollar next week. The data could further reinforce the diverging paths of monetary policy between the Read more…
The bond bears continue to have the upper hand at the moment getting fuel from high inflation and hawkish central banks. German 10-year yields continued the march higher reaching 0.95% Friday coming from -0.4% just Read more…
Markets Yesterday’s risk correction spilled to Europe today. US stocks took a scare from a new fierce sell-off in US Treasuries following Fed Chair Powell’s call for a speedy return to neutral policy rate levels. Read more…
Glacier retreat in Greenland. | Image: Google This Earth Day, Google is dedicating its Doodle to how badly we’re messing up our beloved planet. It’s actually kind of a cool Doodle. Four different GIFs show Read more…
Asset manager Cathie Wood has said that the downturn of technology stocks in recent months presents a buying opportunity. Renowned investor Cathie Wood, chief executive of Ark Investment management, on Thursday continued to bulk up Read more…
Daily Pivots: (S1) 127.89; (P) 128.30; (R1) 128.79; More… USD/JPY is extending the consolidation from 129.39 and intraday bias remains neutral. Deeper retreat cannot be ruled out but downside should be contained above 125.09 resistance Read more…
Daily Pivots: (S1) 0.9477; (P) 0.9515; (R1) 0.9573; More…. Intraday bias in USD/CHF remains on the upside for the moment. Current rally should target 0.9591 medium term projection level next. On the downside, below 0.9453 Read more…
Daily Pivots: (S1) 1.0792; (P) 1.0864 (R1) 1.0904; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the downside, firm break o 1.0756 will resume larger down trend. Next target is 100% Read more…
Coming on the heels of January’s impressive gain, retail sales took a breather in February, edging up just 0.1% month-on-month. The performance was even softer after stripping away inflation, with sales declining by 0.4% in Read more…