Canada’s GDP rose 0.2% qoq in Q4, recovering from Q3’s -0.1% decline. Statistics Canada noted that higher exports (up 1.4%) and reduced imports (down -0.4%) fuelled GDP growth, but this was moderated by a decline Read more…
US initial jobless claims rose 13k to 215k in the week ending February 24, above expectation of 210k. Four-week moving average of initial claims fell -3k to 212.5. Continuing claims rose 45k to 1905k in Read more…
US personal income rose USD 233.7B or 1.0% mom in January, well above expectation of 0.5% mom. Personal spending rose USD 43.9B or 0.2% mom, matched expectations. Headline PCE price index rose 0.3% mom, matched Read more…
BTCUSD goes parabolic, gaining around 20% since Monday Jumps above 60,000 and is on track to test all-time highs Momentum indicators look extremely overbought BTCUSD (Bitcoin) has experienced an exponential rally since the beginning of the Read more…
Market picture In an impressive surge of more than 7.3% in 24 hours, the crypto market capitalisation reached $2.32 trillion. The crypto market hasn’t been worth this much since late 2021. Back then, it took Read more…
Check back for updates throughout the trading day U.S. equity futures nudged lower Thursday, but remain on pace for a fourth consecutive monthly gain, as investors braced for the biggest economic data release of the Read more…
The Canadian dollar is drifting on Thursday. In the European session, USD/CAD is trading at 1.3585, down 0.06%. A day earlier, the Canadian dollar dropped below 1.3600 for the first time since March 13. Canada’s Read more…
USDJPY dips below 150 mark in early Thursday’s trading, as yen received fresh boost from BOJ policymaker’s hawkish comments regarding interest rates and month-end position adjustments. Economic data from Japan, released overnight were mixed, as Read more…
WTI oil futures keep facing constraints on the upside Trend signals endorse the positive trajectory WTI oil futures only marginally surpassed January’s high of 79.28, before closing back within the 78.00 territory and around the Read more…
EURAUD penetrates the downtrend line RSI and stochastic suggest bearish correction EURAUD skyrocketed to a new three-month high of 1.6693 during yesterday’s session, penetrating the long-term descending trend line to the upside. Currently, the pair Read more…