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. financial conditions. Monday’s October inflation report will give further insight on whether rising costs are being passed on to consumers. […]
The post The Weekly Bottom Line: Firm Inflation Cements the Case for Another Hike appeared first on ActionForex.
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 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…