The Canadian economy expanded by 0.8% quarter/quarter (q/q) in Q1 2022 (3.1% annualized), with final domestic demand up 1.2% (q/q). Furthermore, the flash estimate for April showed a deceleration to 0.2% month/month (m/m). Spending by Read more…
In the US debt market, 10-year Treasury yields have exceeded 2.8% after floundering around 2.7% last week. This small move for bonds is having severe consequences for almost all markets. The dollar index is almost Read more…
GBPUSD is marking a negative day after its four-day gradual bull run met resistance near the 1.2653 zone, which is marginally below the low from September 2020. The short-term bias is viewed as neutral as the RSI Read more…
The Euro eases on Tuesday, deflated by firmer dollar and disappointing data, as the inflation in the European Union hit new record high in May and oil prices continue to rise, weakening bloc’s growth outlook. Read more…
Daily Pivots: (S1) 127.04; (P) 127.43; (R1) 128.00; More… Intraday bias in USD/JPY stays neutral for the moment. On the upside, break of 129.77 minor resistance will suggest that correction from 131.34 is finished. Intraday Read more…
Daily Pivots: (S1) 0.9549; (P) 0.9577; (R1) 0.9601; More… No change in USD/CHF’s outlook. Strong support is still expected at 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to complete the pull back from 1.0063. Read more…
Daily Pivots: (S1) 1.2625; (P) 1.2643; (R1) 1.2670; More… Intraday bias in GBP/USD is turned neutral with current retreat. On the upside, above 1.2666 will resume the rebound from 1.2154. On the downside, sustained of Read more…
Daily Pivots: (S1) 1.0742; (P) 1.0764 (R1) 1.0803; More… Intraday bias in EUR/USD is turned neutral with current retreat. On the upside, break of 1.0786, and sustained trading above 55 day EMA (now at 1.0758) Read more…
Euro is trading broadly lower today even though inflation high another record high. The common currency and European indexes are somewhat weighed down by EU’s decision to ban two-thirds of Russian oil imports immediately. Dollar Read more…
Canada GDP grew 0.7% mom in March, above expectation of 0.5% mom. Services producing sectors rose 0.6% while goods-producing sectors rose 0.9%. 14 of 20 industrial sectors expanded. For Q1, GDP grew 0.8% qoq. Advanced information indicates that Read more…