Eurozone retail sales volume declined by -0.5% mom in October, underperforming expectations of a -0.4% mom contraction. Breaking down the data, sales for food, drinks, and tobacco edged up 0.1% mom, while non-food products (excluding automotive fuel) slumped -0.9% mom, and automotive fuel sales in specialized stores dropped -0.3% mom. Across the broader European Union, […]
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On January 6, while analysing the XBR/USD chart, we: → constructed an upward structure using blue trend lines; → highlighted the potential for a pullback after the formation of peaks A and B around the Read more…
Daily Pivots: (S1) 1.4354; (P) 1.4401; (R1) 1.4425; More… USD/CAD dips ahead of 1.4466 resistance as consolidations pattern from there extends. Intraday bias remains neutral first. Break of 1.4279 support will bring further correction. But Read more…
Speculation surrounding the incoming US administration’s tariff strategy continues to rattle global markets. Reports suggest that President-elect Donald Trump’s economic team is exploring a phased approach to tariffs, gradually increasing rates by 2% to 5% Read more…