Next week’s U.S. data releases should point to continued resilience in consumer spending, with October retail sales expected to rise 0.2%, while housing activity remains constrained by high mortgage rates. We expect housing starts to rebound 4.0% to 1,270K after three consecutive declines. Abroad, inflation takes center stage, with firm readings across Canada, the U.K. […]
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Canadian Highlights Bond yields have risen this week as hawkish commentary from central bankers and a hot inflation report in the U.S. raised worries about future rate increases. Canadian yields were pulled higher by U.S. Read more…
US headline CPI rose 0.4% in October, down from 0.6% in September but above the 0.3% consensus. Core CPI rose 0.3% for a third consecutive month, pointing to persistent inflation beyond energy. A 25-basis-point Fed Read more…
AUDUSD: ⬇️ Sell – AUDUSD broke support zone – Likely to fall to support level 0.6675 AUDUSD currency pair recently broke the support zone between the support levels 0.6915 and 0.6865 (which reversed the price Read more…