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Month: April 2023

Cryptocurrencies

Canadian Inflation Poised to Gear Down Again

Growth in the Canadian consumer price index likely slowed sharply in March. We expect a deceleration to 4.1% year-over-year growth. That would be a full percentage point down from February and the lowest headline CPI Read more…

By , 3 years ago April 14, 2023
Cryptocurrencies

Canadian Inflation Poised to Gear Down Again

Growth in the Canadian consumer price index likely slowed sharply in March. We expect a deceleration to 4.1% year-over-year growth. That would be a full percentage point down from February and the lowest headline CPI Read more…

By , 3 years ago April 14, 2023
Cryptocurrencies

Canadian Inflation Poised to Gear Down Again

Growth in the Canadian consumer price index likely slowed sharply in March. We expect a deceleration to 4.1% year-over-year growth. That would be a full percentage point down from February and the lowest headline CPI Read more…

By , 3 years ago April 14, 2023
Cryptocurrencies

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8845; (P) 0.8910; (R1) 0.8960; More… Intraday bias in USD/CHF is turned neutral with 4 hour MACD crossed above signal line. Deeper decline could still be seen to 61.8% projection of 1.0146 Read more…

By , 3 years ago April 14, 2023
Cryptocurrencies

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8845; (P) 0.8910; (R1) 0.8960; More… Intraday bias in USD/CHF is turned neutral with 4 hour MACD crossed above signal line. Deeper decline could still be seen to 61.8% projection of 1.0146 Read more…

By , 3 years ago April 14, 2023
Cryptocurrencies

US retail sales down -1% mom in Mar, ex-auto sales down -0.8% mom

US retail sales contracted -1.0% mom to USD 691.7B in March, worse than expectation of -0.5% mom. Total sales for January through March period were up 5.4% from the same period a year ago. For Read more…

By , 3 years ago April 14, 2023
Cryptocurrencies

Bitcoin At 30k; Can It Go Any Higher?

Hold on to your seats, folks! Bitcoin (BTC) is back with a vengeance, soaring past the $30 000 mark on April 11th, reaching its highest point since June 2022. And it’s not just BTC – Read more…

By , 3 years ago April 14, 2023
Cryptocurrencies

Fed Bostic: Recent data consistent with one more rate hike

In a recent interview with Reuters, Atlanta Fed President Raphael Bostic discussed the implications of this week’s slowing consumer price increases and falling producer price inflation. According to Bostic, these developments are in line with Read more…

By , 3 years ago April 14, 2023
Cryptocurrencies

New Zealand Dollar Drifting after Soft Manufacturing PMI, Markets Brace for Soft US Retail Sales

New Zealand manufacturing declines New Zealand wrapped up the week on a sour note, as Manufacturing PMI for March slipped to 48.1, after a downwardly revised 51.7 in February and below the estimate of 51.0. Read more…

By , 3 years ago April 14, 2023
Cryptocurrencies

GBPJPY Storms to Fresh 3-Month High

GBPJPY has been edging higher in the short term, posting a fresh three-month high of 167.50 on Thursday. Moreover, the ascending 50-day simple moving average (SMA) is positively closing the gap with the 200-day SMA, where a potential golden cross may Read more…

By , 3 years ago April 14, 2023

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