Markets The absence of US traders in observance of Martin Luther King Day took the sting out of today’s EMU trading action. Especially since the main dish was served during Asian trading hours with monthly Read more…
Canada’s manufacturing sales increased 2.6% (month/month) in November, following a 4.6% increase in October. The outturn was still solid after accounting for price effects, with manufacturing shipment volumes up 1.9% on the month. The increase Read more…
The connected fitness pioneer has struggled and its latest decision suggests that’s likely to continue. The Covid pandemic created a perfect storm for Peloton (PTON) – Get Peloton Interactive, Inc. Class A Report. Gyms closed Read more…
Canadian Dollar is trading as the strongest one for today, and remains firm after stronger than expected manufacturing sales data. Dollar is currently following, with help by rebound against Yen. Sterling is also slightly weaker, Read more…
Canada manufacturing sales rose 2.6% mom to CAD 63.1B in November, above expectation of 1.7% mom. Sales increased in 18 of 21 industries, led by the primary metal, petroleum and coal product, non-metallic mineral, and Read more…
The Canadian dollar has started the week with gains and could break below the symbolic 1.25 level during the day. US markets are closed for Martin Luther King Day, so I expect a quiet North Read more…
EURUSD came higher last week after US CPI figure. Pair moved to the upper side of a corrective channel line, to around 1.1490 where bulls slowed down, so it can be an interesting reversal coming Read more…
China’s rate cuts were not enough to lift investor sentiment in the region. PBoC lowered its one-year medium-term lending facility rate by 10bps to 2.85%. The seven-day reverse repurchase rate was also cut by 10bps Read more…
Gold has been trading at a sluggish pace below the tough 1,830 resistance zone for the past three weeks, but the latest upturn in the price could show more resilience according to the technical picture. Read more…
USDJPY buyers are trying to extend the bounce from the 113.47 level far beyond the recently conquered 200-period simple moving average (SMA) at 114.33. The longer-term SMAs are implying that the positive trend is feeble, Read more…