Retail sales rose 0.2% month-on-month (m/m) in May, weaker than the Statistics Canada’s advanced estimate of 0.5%. April’s print was revised down slightly to 1.0% m/m from 1.1% reported originally. Adjusting for the inflation, the Read more…
Canada retail sales rose 0.2% mom to CAD 66.0B in May, below expectation of 0.5% mom. Sales increased in five of nine subsectors and were led by increases at motor vehicle and parts dealers (+0.8%) and Read more…
On July 18, we wrote about the vulnerability of the market to a rollback from the block of resistance, which is formed by the level of 1.12 euros per US dollar and the upper line Read more…
On the hourly chart of EUR/USD at FXOpen, the pair started a downside correction from the 1.1265 zone. The Euro declined below the 1.1230 and 1.1185 support levels against the US Dollar. The pair settled Read more…
On the hourly chart of EUR/USD at FXOpen, the pair started a downside correction from the 1.1265 zone. The Euro declined below the 1.1230 and 1.1185 support levels against the US Dollar. The pair settled Read more…
USDJPY rose to 1 ½ week high in early Friday, following break of pivotal barriers at 140.00/22 (psychological / Fibo 38.2% of 145.06/137.23 bear-leg). Bulls remain firmly in play for the third straight day and Read more…
Daily Pivots: (S1) 139.29; (P) 139.90; (R1) 140.67; More… USD/JPY’s rise from 137.22 accelerates higher today, and the development suggests that pull back from 145.06 has completed at 137.22 already. Intraday bias is now on Read more…
British Pound is making broad recoveries following stronger than anticipated retail sales, although signs of a durable rebound remain elusive. Concurrently, Japanese Yen displayed general weakness. Despite solid inflation data from Japan, the figures were Read more…
US stocks ended mixed overnight, driven primarily by disparate earnings results. DOW registered its first 9-day rally since 2017, gaining 0.47%, largely boosted by better-than-expected earnings results from pharmaceutical giant Johnson & Johnson. On the Read more…
US stocks ended mixed overnight, driven primarily by disparate earnings results. DOW registered its first 9-day rally since 2017, gaining 0.47%, largely boosted by better-than-expected earnings results from pharmaceutical giant Johnson & Johnson. On the Read more…