Markets US headline retail sales dropped for a second consecutive month. May sales fell by 0.9% M/M while consensus expected a more modest contraction of 0.6%. Seven out of thirteen sales categories posted declines. For the likes of building materials (-2.7% M/M), gasoline (-2% M/M) and motor vehicles (-3.5% M/M), it’s a reversal of anticipation […]
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The US Dollar recovered a good part of its losses in the early week, forming a key double-bottom – More upside to come? With Oil bouncing back above $105, its correlation with the FX Market Read more…
Jim Cramer has a habit of cutting through the noise and pointing at something most investors are overlooking. On May 4, he did it again. In a X post, the “Mad Money” host wrote: “Oracle Read more…
Canada’s trade balance moved into a $1.8 billion surplus in March, from a $5.1 billion deficit the prior month. Exports in March surged by 8.5% month-on-month (m/m) following February’s sturdy gain. Rapidly rising energy prices Read more…