Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. Further decline is expected in EUR/USD as long as 1.0869 resistance holds. Current development suggests that rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should be seen to 1.0665 support. Firm break there will target 1.0601 support next. In the bigger […]
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US Dollar Index rally continues and the impact of a strong US dollar on global markets. Examining upcoming PMI data from the Euro Area and UK CPI figures, and their potential market implications. Assessing the likelihood Read more…
Canadian Highlights Canada continues to digest the implications of last week’s U.S. election result, as interest and exchange rates adjust to expectations for policy changes south of the border. Existing home sales came in strong Read more…
Summary United States: Inflation Redux The descent in inflation remains slow-going. Stubborn services prices lifted the Consumer Price Index 2.6% annually in October, the first acceleration in this measure since Q1. Sticky inflation does not Read more…