Cable regained traction on improved risk sentiment and probes above 1.20 after recent pullback from a multi-month high (1.2153) found footstep at 1.1957 (rising 10DMA). Larger uptrend remains intact but pausing after a failure on Read more…
Gold jumped nearly 1% on Tuesday, fully reversing Monday’s drop, sparked by hawkish comments from Fed officials on interest rate hikes. The dollar lost traction quickly after news, providing fresh support for the metal, though Read more…
The Canadian economy expanded by 2.9% quarter/quarter annualized (q/q) in Q3 2022. However, the flash estimate for October showed no change. Loosening supply chains and demand for commodities spurred GDP. Exports (+8.6%) were driven by Read more…
US futures Dow futures +0.07% at 33790 S&P futures +0.03% at 3963 Nasdaq futures +0.13% at 11608 In Europe FTSE +0.5% at 7529 Dax -0.2% at 14390 Beijing pledges more vaccines US stocks are set Read more…
Investors in Europe remain in a cautious mood on Tuesday as they await a huge influx of economic data in the coming days, while US futures are also pointing to modest gains ahead of the Read more…
As Elon Musk and Tim Cook battle it out on Twitter, here’s what you need to know about China and the Fed ahead of your first trade Tuesday. Watch us live at 9:30 a.m. ET. Read more…
Daily Pivots: (S1) 1.3420; (P) 1.3462; (R1) 1.3539; More…. USD/CAD’s rise from 1.3224 resumed by breaking through 1.3494 resistance finally. The development adds to the case that correction from 1.3976 has completed at 1.3224. Intraday Read more…
BoE MPC member Catherine Mann said at an online event, “looking at medium-term expectations is a very important ingredient to my assessment of what the appropriate Bank Rate at the next vote might be.” “Once Read more…
Canada GDP rose 0.1% mom in September, below expectation of 0.2% mom. Goods-producing industries grew 0.3% while services-producing industries were essentially unchanged. Advance information indicates that real GDP was unchanged in October. Increases in the Read more…