Month: November 2022

Summary United States: October Prices Give Fed Ability to Slow Pace of Rate Hikes Relief in October inflation gives the FOMC the ability to slow the pace of rate hikes ahead. But make no mistake, Read more…

U.S. Highlights Republicans look to have won control of the House in this week’s midterm elections. The Senate race remains too close to call. With Washington more divided, major spending and tax changes are less Read more…

Consumer price growth in Canada likely ticked higher in October. We expect the annual rate to have risen to 7%, up from 6.9% in September but still down from the 8.1% recent peak in June. Read more…

UK NIESR said, today’s data confirmed a “production-driven contraction in GDP in Q3. It’s expectation GDP growth to be flat in Q4. However, “given that October PMIs recorded figures below the neutral 50 for both Read more…

Equity markets are on course to end the week on a positive after Thursday’s US inflation report gave hope that the great deceleration is well underway. That inflation report has been some time coming and Read more…

EURUSD broke resistance level 1.0095 Likely to rise to resistance level 1.0365 EURUSD recently broke the resistance level 1.0095 (which has been reversing the price from the start of September) intersecting with the 61.8% Fibonacci Read more…

USDCHF broke support level 0.9735 Likely to fall to support level 0.9475 USDCHF recently broke the key support level 0.9735 (low of the earlier short-term wave (iv) from the end of September) intersecting with the Read more…

AUDCAD broke the resistance level 0.8835 Likely to rise to resistance level 0.8965 AUDCAD recently broke the resistance level 0.8835 (top of wave (a) from the end of October, former support from September). The breakout Read more…