The WTI oil remains slightly bullishly aligned on Friday morning, following bounce on Thursday. Oil price regained traction after a sharp fall this week, as fresh signals on renewed hopes that China’s demand may rise Read more…
Eurozone Economic Sentiment Indicator rose from 94.0 to 95.8 in December. Industry confidence rose from -1.9 to -1.5. Services confidence rose from 3.1 to 6.3. Consumer confidence rose from -23.9 to -22.2. Retail trade confidence Read more…
Eurozone retail sales volume rose 0.8% mom in November, above expectation of 0.1% mom. For the month, the volume of retail trade increased by 1.6% for non-food products and by 1.0% for automotive fuels, while Read more…
Eurozone CPI slowed from 10.1% yoy to 9.2% yoy in December, below expectation of 10.0% yoy. CPI core (excluding energy, food, alcohol & tobacco) rose from 5.0% yoy to 5.2% yoy, above expectation of 5.2% Read more…
The Euro is holding just above one -month low and trading within a narrow range in early Friday, following Thursday’s 0.8% drop, which further weakened near-term structure. The single currency was hit by fresh strength Read more…
Markets The market focus shifted yesterday from softer than expected EMU inflation (and a broader cooling of inflation expectations) to US (labour market/activity) data. After solid JOLTS job opening published on Wednesday, ADP private job Read more…
The Euro started a fresh decline from the 1.0630 resistance zone against the US Dollar. The EUR/USD pair declined below the 1.0600 level to move into a bearish zone. The pair even dived below the Read more…
The Loonie has been suffering a bit for a combination of factors. The slide in the price of crude, is one of them, but crude prices are volatile in the current conditions. A more enduring Read more…
The S&P 500 goes sideways as investors await clues from the US nonfarm payrolls. On the daily chart, a bearish MA cross continues to weigh on sentiment. The horizontal consolidation indicates indecision and a breakout Read more…
The Japanese yen bounced over concerns that the BOJ could shift away from its ultra loose policy. The pair bounced off last September’s low of 137.50 and a vertical rise above the psychological level of Read more…