The Canadian economy expanded by 0.2% month/month (m/m) in January, matching Statistics Canada’s flash estimate. The flash estimate for February showed an even stronger gain of 0.8% m/m. January’s increase in activity was mixed, with Read more…
Detroit giant GM is increasing production rates for an electric pickup that is seeing very high demand. General Motors (GM) – Get General Motors Company Report is lining up the pieces to counter and attack its Read more…
This should bring in a global audience for Caesars, MGM, Wynn, and every casino operator on the historic Las Vegas Strip. Las Vegas has quickly gone from a sports desert to one of the world’s Read more…
GBPCAD is improving from the 29½-month low of 1.6315 but the near six-week decline from 1.7376 high remains intact below the 1.6714-1.6786 resistance boundary. The falling simple moving averages (SMAs) continue to endorse a deteriorating Read more…
Futures trade mixed after US core PCE rose 5.4% YoY, below the 5.5% forecast and as spending slows This won’t change the Fed’s outlook. Oil tumbles 5% as the US considers a record reserves release. Read more…
Daily Pivots: (S1) 0.8465; (P) 0.8482; (R1) 0.8512; More… EUR/GBP retreats sharply after hitting 0.8551 and intraday bias is turned neutral first. At this point, further rise is still in favor as long as 0.8294 Read more…
Daily Pivots: (S1) 121.03; (P) 122.12; (R1) 122.92; More… USD/JPY is holding on to 121.17 support and intraday bias remains neutral. Further rally is still mildly in favor. On the upside, above 125.09 will target Read more…
Daily Pivots: (S1) 0.9195; (P) 0.9258; (R1) 0.9295; More…. Intraday bias in USD/CHF stays on the downside, as fall from 0.9459 is in progress for 0.9149 support. Firm break there will turn near term outlook Read more…
Daily Pivots: (S1) 1.3085; (P) 1.3134; (R1) 1.3185; More… Sideway consolidation continues in GBP/USD and intraday bias remains neutral. Outlook remains bearish with 1.3297 resistance intact, and further decline is expected. On the downside, break Read more…
Daily Pivots: (S1) 1.1104; (P) 1.1137 (R1) 1.1192; More… EUR/USD retreats notably after hitting 1.1184 today. Intraday bias is turned neutral first. For now, further rise is mildly in favor as long as 1.0943 support Read more…