Canada CPI jumped from 4.8% yoy to 5.1% yoy in January, above expectation of 4.8% yoy. Also, inflation surpassed 5% for the first time since September 1991. On monthly basis, CPI rose 0.9% mom, above Read more…
Surging inflation lifted the dollar amount of January retail sales, while car and auto parts demand helped the headline figure to its biggest jump in ten months. U.S. retail sales soared higher last month, data Read more…
BTCUSD (Bitcoin) pivoted nicely near the 41,474 support region on Tuesday, signaling that the rebound off the 32,950 low and, more recently, the bullish trendline breakout has further to go. The base overlaps with the Read more…
If you’ve been kicking this can down the road, now is the time to start setting money aside for your later years. Benjamin Franklin said, “If you fail to plan, you are planning to fail.” Read more…
A financial bubble is considered to be a situation in which asset prices are much higher than the underlying fundamentals can reasonably justify. Bubble is a term that has been thrown around loosely in the Read more…
Wall Street looks set to open lower Wednesday, after snapping a three-day losing streak, ahead of a key reading of January retail sales before the start of trading. U.S. equity futures edged lower Wednesday, after Read more…
UK short-term bond yields may struggle to keep up with inflation after January headline CPI surprised to the upside. If the Bank of England fails to deliver a 50 bps hike in March, GBP/USD could Read more…
Signs of de-escalation in the Ukraine crisis spark relief rally Stock markets and euro storm back, gold and oil prices retreat Fed minutes and US retail sales eyed – is the dollar rally exhausted? Risk Read more…
Canada’s CPI report looms Inflation remains the bane of the economy for many industrialized nations, and Canada has not been immune to this trend. CPI took a step backwards in December, with a reading of -0.1% Read more…
Price hikes helped offset rising input costs for packaged food giant Kraft Heinz as it delivered stronger-than-expected fourth quarter earnings and a solid 2022 outlook. Kraft Heinz (KHC) – Get Kraft Heinz Company Report posted stronger-than-expected Read more…