Canada retail sales decreased -0.1% mom to CAD 61.8B in November, better than expectation of -0.5% mom. Core retail sales, excluding gasoline stations and motor vehicle and parts dealers, decreased -1.1% mom, largest decline in Read more…
It’s been another eventful week and one that serves to remind us that while there may be more sources of optimism this year, compared with last, it’s going to be a very bumpy ride. There’s Read more…
Gold has made an impressive rally in the last 11 weeks, adding 19.9% to its lows at the start of November and hitting highs since last April at $1937 this morning. While maintaining a bullish Read more…
Nikkei 225 broke resistance level 26500.00 Likely to rise to resistance level 27000.00 Nikkei 225 index continues to rise after the earlier breakout of the resistance level 26500.00 (which stopped the previous waves 4 and Read more…
EURJPY reversed from support level 137.90 Likely to rise to resistance level 142.60 EURJPY recently reversed up from the support level 137.90 (former monthly low from September), intersecting with the lower daily Bollinger Band. The Read more…
CHFJPY reversed from support level 138.00 Likely to rise to resistance level 142.50 CHFJPY recently reversed up from the key support level 138.00 (which has been revering the price from June), intersecting with the lower Read more…
Stocks look set to snap a three-day losing streak as tech gets another boost from Google job cuts and Treasury yields hold amid hawkish Fed comments. U.S. equity futures bumped higher Friday, following three consecutive Read more…
The crypto lender, a subsidiary of billionaire Barry Silbert’s crypto empire, has filed for bankruptcy after weeks of speculation. Another renowned crypto firm is down. The fall of Sam Bankman-Fried’s crypto empire continues to wreak Read more…
BoJ Governor Haruhiko Kuroda defended this week decision to maintain by the -0.1% interest rate and the 0.5% 10-year JGB yield cap. “We expect, probably from February this year, inflation rates start to decline and Read more…
ECB President Christine Lagarde said, “We have to also stay that course of resilience that we observed in 2022. Stay the course is my mantra for monetary-policy purposes.” “I hope that in 2023 fiscal policy Read more…