Canada retail sales rose 0.9% mom to CAD 60.7B in April, slightly above expectation of 0.8% mom. Sales were up in 6 of 11 subsectors. Excluding gasoline stations and motor vehicle and parts dealers, sales Read more…
After a quiet start to the week, the US dollar is again rallying against the hapless Japanese yen. USD/JPY is currently trading at 136.18, up 0.78% on the day. The yen is trading at its Read more…
Personally I don’t know if this is a good practice, but you (and future me) might like it. Read more
Gold has been unable to take advantage of the modest weakness we have seen in the US dollar in the past few days with the metal holding below $1840 at the time of writing. The Read more…
Stocks look set to rebound firmly from their worst week in more than two years, but traders remain worried about near-term recession risk and are closely-eying moves in Treasury bond yields. U.S. equity futures rebounded Read more…
Despite attempts at rebounding equity markets, moderate pressure on gold has persisted for the third consecutive trading session. This pressure is directly linked to rising long-term bond yields on US debt and several other developed Read more…
It continues to be a quiet week for the Australian dollar, in sharp contrast to last week’s roller-coaster ride. AUD/USD has edged higher today, as the market response to the RBA minutes and a speech Read more…
The Euro advances for the second consecutive day and cracks strong resistance provided by the base of thick daily cloud (1.0569) reinforced by converged daily Tenkan-sen/Kijun-sen. Recovery was already rejected under the cloud base last Read more…
“These businesses all have significant standalone potential, and an enhanced focus will enable them to better direct their resources toward their distinct strategic priorities,” said CEO Steve Cahillane. Updated at 7:37 am EST Kellogg (K) Read more…
U.S. treasuries could see more non-Fed buyers over the remainder of this year and into 2023 to compensate for reduced purchases by the Federal Reserve. The U.S. Treasury market could see more buyers step up Read more…