The CAD is ending the day as the strongest of the major currencies while the USD is the weakest. The USDCAD is the biggest mover in trading today Canada retail sales came in much stronger than expected with a gain of 0.6% for the month. That was much higher than the 0.0% gain expected. The
Although there is increasing evidence of a reduction in inflation, it is not yet ready to rule out the possibility of further interest rate increases if necessary. READ TOO “To get back to 2% (of inflation ) in a reasonable time frame, you need patience and determination, and I wouldn’t rule out the possibility
© Reuters. Optimism has surged in the UK financial markets, leading the exchange rate to reach a twelve-week peak, buoyed by improved consumer confidence and a promising business outlook despite persistent recessionary pressures. On Thursday, the pound sterling climbed to 1.2615 against the US dollar, reflecting positive reactions to the latest S&P Global/CIPS data and
Share: USD/JPY shows minimal change, indicating a stable weekly close. The weekly chart suggests an upward trend with resistance at Tenkan-Sen (149.53); a break above could target 150.00. USD/JPY daily chart key levels to watch include 150.77 and YTD high at 151.91 for upside, 148.01, and 147.15 for downside. The USD/JPY is almost
Japanese Yen News and Analysis Month on month Japanese inflation rose at its fastest pace in 10 years Extreme short yen positioning yes to be tested during thin, holiday affected trading USD/JPY on track for a flat two-day period ahead of Thanksgiving weekend The analysis in this article makes use of chart patterns and key
Sterling consolidated its gains above the 1.2500 mark against the US Dollar and stayed above the 200-day EMA in Thursday’s trading, amid quiet liquidity levels. GBPUSD hit its highest level since early September, amid shifting expectations regarding the BOE’s rate cut timeline. The latest survey revealed that UK private sector activity stabilised in November, surpassing
The major US indices are closing mixed on the day with the Dow leading the way higher. The broader S&P is little changed, while the tech-heavy Nasdaq is down marginally. The final numbers are showing: Dow Industrial Average is up 117.12 points or 0.33% at 35390.14 S&P is up 2.70 points or 0.06% at 4559.33
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US PMI KEY POINTS: S&P Global Composite PMI Flash (Nov) Actual 50.7 Vs Previous 50.7. S&P Global Manufacturing PMI Flash (Nov) Actual 49.4 Vs Forecast 49.8. S&P Global Services PMI Flash (Nov) Actual 50.8 Vs Forecast 50.4. Employment Declined at US Service Providers and Manufacturers in November for the First Time Since Mid-2020 Amid Tepid
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