Range Trading Continues, Little Reaction to US and Canada Data
Range trading continues in overall quiet markets today. The batch of economic data from the […]
US PCE prices slowed to 5.5% yoy, core CPI down to 4.7% yoy
US personal income rose 0.4% mom or USD 80.1B in November, above expectation of 0.2% […]
Canada GDP grew 0.1% mom in Oct, essentially unchanged in Nov
Canada GDP rose 0.1% mom in October, matched expectations. Services-producing industries expanded 0.3% while goods-producing […]
Yen Steady after Core Inflation as Expected
The dust is beginning to settle after the Bank of Japan’s stunning move earlier this […]
Fed to Become More Dovish in 2023
A new year, and a new set of rotating Fed board members come in. Giving […]
Canadian Dollar Eyes GDP, US Data
The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading […]
EUR/USD Pair Moved into a Short-Term Bearish Zone Below 1.0620
The Euro started a fresh decline from the 1.0660 and 1.0650 resistance levels against the […]
USDCAD Moves Sideways in a Tight Range
USDCAD has been moving sideways over the last three weeks within a tight range with […]
GBPJPY Trades Sideways After Massive Decline Pauses
GBPJPY had been in an uptrend since late September, with the price posting a fresh […]
S&P 500 Tests Key Demand Zone
The S&P 500 fell as strong US economic activity fanned fears of restrictive rates for […]
GBP/USD Seeks Support
The pound continued lower as Britain’s Q3 GDP failed to impress. A bearish MA cross […]
US durable goods orders down -2.1% mom in Nov, ex-transport orders up 0.2% mom
US durable goods orders decreased -2.1% mom to USD 270.6B in November, worse than expectation […]