Headline CPI inflation edged higher in May to 2.9% year-on-year (y/y), above expectations for a 2.6% y/y print. The acceleration was led by services, which were up 4.6% y/y, as Canadians were paying up for Read more…
Markets US and EMU (interest rate) markets today are holding tight ranges with trading mostly technical in nature. If anything markets still err to rather dovish bias, with yields on both sides of the Atlantic Read more…
The dollar index regained traction on Tuesday and ticked higher after dropping 0.4% on Monday. Pullback was contained by daily cloud top and marked a light correction of a larger uptrend, which remains intact. Technical Read more…
Daily Pivots: (S1) 158.95; (P) 159.43; (R1) 160.11; More… Intraday bias in USD/JPY remains neutral for the moment. Further rise will remain in favor as long as 157.70 resistance turned support holds. Sustained break of Read more…
Daily Pivots: (S1) 0.8919; (P) 0.8932; (R1) 0.8943; More…. No change in USD/CHF’s outlook as consolidation continues above 0.8825. Intraday bias stays neutral for the moment. Near term outlook remains bearish with 0.8992 resistance intact. Read more…
Daily Pivots: (S1) 1.2647; (P) 1.2672; (R1) 1.2712; More… No change in GBP/USD’s outlook and intraday bias stays neutral. Further decline is expected as long as 1.2739 resistance holds. Break of 1.2622, and sustained trading Read more…
Rivian Automotive shares nudged higher Tuesday after a Wall Street analyst kickstarted coverage of the electric-pickup truck maker with a bullish outlook tied to its new vehicle lineup. Rivian (RIVN) , which earlier this year was forced to Read more…
Daily Pivots: (S1) 1.0696; (P) 1.0721; (R1) 1.0760; More…. EUR/USD dips notably in early US session but stays in range above 1.0667. Intraday bias remains neutral at this point. Further fall is expected with 1.0760 Read more…
Canadian Dollar jumps following after data showing that Canadian inflation unexpectedly accelerated in May. More importantly, the resurgence in price pressures was largely driven by significant increase in services inflation. The data aligns with BoC Read more…
It is no secret that Spectrum is the victim of a dying trend. Because customers have ditched cable TV for streaming services in recent years, the company faces a profit hit as its TV subscriber Read more…