U.S. Highlights Republicans look to have won control of the House in this week’s midterm elections. The Senate race remains too close to call. With Washington more divided, major spending and tax changes are less Read more…
Consumer price growth in Canada likely ticked higher in October. We expect the annual rate to have risen to 7%, up from 6.9% in September but still down from the 8.1% recent peak in June. Read more…
The sudden fall of FTX, the cryptocurrency exchange, on November 8, sounded like an explosion in the crypto industry. The shock was resounding. It will take time to assess the damage caused by FTX, which, Read more…
UK NIESR said, today’s data confirmed a “production-driven contraction in GDP in Q3. It’s expectation GDP growth to be flat in Q4. However, “given that October PMIs recorded figures below the neutral 50 for both Read more…
Equity markets are on course to end the week on a positive after Thursday’s US inflation report gave hope that the great deceleration is well underway. That inflation report has been some time coming and Read more…
EURUSD broke resistance level 1.0095 Likely to rise to resistance level 1.0365 EURUSD recently broke the resistance level 1.0095 (which has been reversing the price from the start of September) intersecting with the 61.8% Fibonacci Read more…
USDCHF broke support level 0.9735 Likely to fall to support level 0.9475 USDCHF recently broke the key support level 0.9735 (low of the earlier short-term wave (iv) from the end of September) intersecting with the Read more…
AUDCAD broke the resistance level 0.8835 Likely to rise to resistance level 0.8965 AUDCAD recently broke the resistance level 0.8835 (top of wave (a) from the end of October, former support from September). The breakout Read more…
Stocks are looking to build on their biggest gain in two-and-a-half years Friday as traders pare bets on big Fed rate hikes and China eases a portion of its strict Covid policies. U.S. equity futures Read more…
JPMorgan analyst Harlan Sur said it will take Intel “several years” to reclaim its leadership position in the chip market. Intel Corp. (INTC) – Get Free Report shares moved lower Friday after analysts at JPMorgan resumed Read more…