Personal income grew 0.4% month-on-month (m/m) in November, an acceleration from October’s 0.3% gain and in line with market expectations. Accounting for inflation and taxes, real personal disposable income rose 0.4% m/m, up from 0.3% Read more…
The Canadian economy registered a third consecutive month of effectively no growth on a month-on-month (m/m) basis in October. This print comes in below Statistics Canada’s advanced guidance and market expectations for a 0.2% m/m Read more…
Wedbush Securities analyst Dan Ives on Thursday boosted his Tesla (TSLA) – Get Free Report price target to $350 from $310, arguing in a note that the electric-vehicle producer is on track to reach a Read more…
Daily Pivots: (S1) 1.0960; (P) 1.0986; (R1) 1.1038; More… EUR/USD’s rally from 1.0447 resumed by breaking through 1.1016 resistance. Intraday bias is back on the upside. Further rally should be seen to retest 1.1274 high. Read more…
Daily Pivots: (S1) 1.2636; (P) 1.2666; (R1) 1.2720; More… GBP/USD is still bounded in range below 1.2793 and intraday bias remains neutral at this point. Further rally is still expected as long as 1.2499 support Read more…
Daily Pivots: (S1) 141.57; (P) 142.60; (R1) 143.14; More… USD/JPY is still bounded in consolidation from 140.94 and intraday bias stays neutral. Also, outlook will remain bearish as long as 146.58 resistance holds. Firm break Read more…
Daily Pivots: (S1) 0.8536; (P) 0.8587; (R1) 0.8614; More…. USD/CHF’s decline continues today and falls through 0.8551 support without noticeable recovery. Longer term down trend is resuming. Intraday bias remains on the downside for 100% Read more…
Fresh selloff is seen in Dollar in early US session after lower than expected headline and core PCE inflation readings. While another month of progress might still be insufficient to prompt Fed for an early Read more…
Canada’s GDP was essentially unchanged for a third consecutive month in October, below expectation of 0.2% mom growth. Services producing industrial edged by 0.1% mom while goods-producing industries were essentially unchanged. The 20 industrial sectors evenly split Read more…
US durable goods orders rose 5.4% mom to USD 295.4B in November, above expectation of 2.7% mom. Ex-transport orders rose 0.5% mom to 187.6B, above expectation of 0.2% mom. Ex-defense orders rose 6.5% mom to Read more…