Consumers may be getting sticker shock at the rapidly changing prices of groceries and other items. Mark Twain once famously said that if you don’t like the weather in New England, wait a minute. Consumers Read more…
A positive surprise on US employment. The official BLS report showed a jobs increase of 467K, markedly better than the expected 110-165K. Moreover, the previous data was seriously revised upwards and now reports employment growth Read more…
The U.S. economy gained an impressive 467k jobs in January, well above market expectations. January’s report also included the annual benchmark revisions to the payrolls numbers, and was a result the monthly gains in employment Read more…
The Canadian labour market lost 200k positions in January, worse than the consensus call for a loss of 120k positions. Full-time (-83k) and part-time (-117k) employment fell on the month. Even with the labour force Read more…
Daily Pivots: (S1) 1.1322; (P) 1.1386; (R1) 1.1505; More… No change in EUR/USD’s outlook and intraday bias stays on the upside. Considering bullish convergence condition in daily MACD, a medium term bottom could be in Read more…
Daily Pivots: (S1) 0.9175; (P) 0.9206; (R1) 0.9234; More…. Intraday bias is back on the upside in USD/CHF with break of 0.9250. Further rise would be seen back to 0.9341 resistance first. Break will target Read more…
Daily Pivots: (S1) 114.54; (P) 114.77; (R1) 115.20; More… Intraday bias in USD/JPY remains neutral at this point and outlook is unchanged. Overall, corrective pattern from 116.34 is extending. Below 114.14 will target 113.46 and Read more…
WTI oil price surged through round-figure $90 resistance and hit new seven-year high above $92 per barrel on Friday. Geopolitical tensions over Ukraine and a winter storm in the United States fueled concerns about supply Read more…
Electric-vehicle leader Tesla’s CEO has thrown down a gauntlet for the coming year. Also robots. Tesla (TSLA) – Get Tesla Inc Report Chief Executive Elon Musk sometimes makes promises he can’t deliver or perhaps that Read more…
Canada employment dropped -200k in January much worse than expectation of -121k. Part-time jobs dropped -117k while full-time jobs dropped -83k. Unemployment rate rose by 0.5% to 6.5%, higher than expectation of 6.0%. That’s the Read more…