Canada retail sales rose 0.7% mom to CAD 58.1B in November, below expectation of 1.0% mom. The increase was led by higher sales at gasoline stations (+4.9%), building material and garden equipment and supplies dealers Read more…
Why is everything selling off? Gold testing key level Crude oil topping out? Thursday’s rug pull was very significant and marked yet another setback for the bulls on Wall Street who have had a nightmare Read more…
Market sentiment deteriorates as yields remain elevated The US stock futures’ negative correction develops lower, with the tech-heavy Nasdaq 100 affected more, falling 4.6% yesterday. The first gain in US crude oil inventories in eight Read more…
A turbulent end to the week with widespread selling as underlying anxiety in the markets once again takes hold. The hope going into earnings season was that companies were going to settle the nerves. That Read more…
Canva; EBIT is an acronym for earnings before interest and taxes What Is EBIT? EBIT is an acronym for earnings before interest and taxes, and it is used to measure a company’s management of profitability. Read more…
The Euro started a fresh decline from well above the 1.1450 zone against the US Dollar. The EUR/USD pair traded below the 1.1400 support zone to move into a bearish zone. There was also a Read more…
Netflix will pace an extended tech stock slump Friday as the Nasdaq navigates its worst start to the year since 2008. U.S. equity futures extended declines Friday, following on from a tech-lead selloff late Thursday Read more…
Bitcoin has now lost more than 40% of its value since touching nearly $70,000 in November. But what is a bitcoin actually worth, and why? What is one bitcoin actually worth? Bitcoin, the world’s most Read more…
USD/JPY falls in risk off trade USD/JPY is heading lower for a third straight session. Risk off trade is boosting demand for the safe haven yen in addition to a tick higher in Japanese inflation to Read more…
The Canadian dollar continues to tread in choppy waters, as it trades slightly above the symbolic 1.25 line. The week will wrap up with Canada releasing retail sales, the primary gauge of consumer spending. For Read more…