US futures Dow futures -0.02% at 33027 S&P futures +0.2% at 3907 Nasdaq futures +0.67% at 11367 In Europe FTSE -0.17% at 7760 Dax +0.24% at 14975 Netflix subscribers smash forecasts US stocks are set Read more…
Retail sales edged lower by 0.1% month-on-month (m/m) in November, a better outturn than Statistics Canada’s advance estimate for a 0.5% drop. Adjusting for the impact of inflation, the volume of sales was down 0.4% Read more…
Daily Pivots: (S1) 1.0796; (P) 1.0818; (R1) 1.0853; More… Intraday bias in EUR/USD remains neutral, as consolidation continues below 1.0886. Overall outlook will remain bullish as long as 1.0482 support holds. Break of 1.0886 will Read more…
Daily Pivots: (S1) 1.2337; (P) 1.2368; (R1) 1.2422; More… Intraday bias in GBP/USD stays neutral at this point. On the upside, decisive break of 1.2445 will confirm resumption of whole rise from 1.0351. Next target Read more…
Daily Pivots: (S1) 0.9142; (P) 0.9166; (R1) 0.9184; More… Intraday bias in USD/CHF remains neutral at this point. Outlook remains bearish as long as 0.9407 resistance holds. Sustained break of 61.8% projection of 1.0146 to Read more…
Daily Pivots: (S1) 127.13; (P) 129.35; (R1) 131.14; More… USD/JPY is still bounded in established range despite today’s strong recovery. Intraday bias remains neutral first. On the upside, break of 131.56 minor resistance should confirm Read more…
Yen’s weakness continues into US session after BoJ Governor Haruhiko Kuroda repeated his dovish stance. Swiss Franc is also trading notably lower, reversing some of this week’s gains. Aussie, Kiwi are extending recovery but there Read more…
Canada retail sales decreased -0.1% mom to CAD 61.8B in November, better than expectation of -0.5% mom. Core retail sales, excluding gasoline stations and motor vehicle and parts dealers, decreased -1.1% mom, largest decline in Read more…
It’s been another eventful week and one that serves to remind us that while there may be more sources of optimism this year, compared with last, it’s going to be a very bumpy ride. There’s Read more…
Gold has made an impressive rally in the last 11 weeks, adding 19.9% to its lows at the start of November and hitting highs since last April at $1937 this morning. While maintaining a bullish Read more…