EURCAD has rallied by almost 10% since the plunge to a nine-and-a-half year low of 1.2874 in August, retracing more than half of its 2022 downtrend. On Tuesday the price accelerated above a bullish channel Read more…
It continues to be a quiet week for the euro. In the European session, EUR/USD is trading at 1.0363. Eurozone inflation falls to 10.0% The ECB’s number one priority has been bringing down inflation, which Read more…
Fed Chair Powell’s hawkish Jackson Hole speech upended stocks in August, but today’s inflation picture is far less worrying. Federal Reserve Chairman Jerome Powell is set to deliver a key policy speech Wednesday in Washington Read more…
“These peer-reviewed, published results show lecanemab will provide patients more time to participate in daily life and live independently,” the Alzheimer’s Association said. Biogen (BIIB) – Get Free Report shares moved higher Wednesday after the drugmaker Read more…
Market is slow ahead of Powell speech today, when we will get more decisions about their policy rates. For now, the risk-on is still on the table after China announced that they will allow close Read more…
The Australian dollar has extended its gains on Wednesday. AUD/USD is trading at 0.6723 in Europe, up 0.54%. Australian inflation falls below 7% Australia inflation surprised on the downside with a 6.9% gain (YoY) in Read more…
Stock futures nudge higher will Powell, jobs data in focus; Powell speech may challenge Fed’s new rate hike outlook; Sam Bankman-Fried set for DealBook summit appearance after FTC collapse; Biogen shares jump after promising Alzheimer’s Read more…
Eurozone CPI slowed from 10.6% yoy to 10.0% yoy in November, below expectation of 10.4% yoy. CPI ex-energy rose from 6.9% yoy to 7.0% yoy. CPI ex-energy, food, alcohol and tobacco was unchanged at 5.0% Read more…
EUR/GBP rises ahead of eurozone inflation EUR/GBP is heading higher ahead of eurozone inflation data; data which could provide more clues over what to expect from the December ECB meeting. Inflation is forecast to ease Read more…
USDJPY shifted to the sidelines following last week’s aggressive downfall from the 142.00 area, consolidating its losses between 139.55 and 137.49. Even though the pair is searching for a foothold near November’s low of 137.49, Read more…