Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
Mon: US & Canadian Labour Day; German Trade (Jul), Swiss GDP (Q2), EZ Sentix (Sep) Tue: RBA Policy Announcement; Final Composite & Services PMIs (Aug), EZ Producer Prices (Jul), US Factory Orders (Jul) Wed: BoC Policy Announcement; German Industrial Orders (Jul), EZ & UK Construction PMIs (Aug), US ISM Services PMI (Aug), Canadian Trade Balance
ISM manufacturing Prior report 46.4 Prices paid 48.4 vs 43.9 expected. Last month 42.6 Employment 48.5 vs 44.2 expected. Last month 44.4 New orders 46.8 vs 47.3 prior Manufacturing has been in a recession for some time but there are some green shoots. I suspect this survey is going to be a mess for the
Share: Bullish-engulfing candlestick pattern on the daily chart suggests buyers are in control. The first major resistance at 1.3600, followed by several key levels up to 1.3804. Downside risks include a drop below 1.3489, potentially targeting the 200-DMA at 1.3462 and the 50-DMA at 1.3345. The Canadian Dollar (CAD) losses ground against the
US construction spending US construction spending for July % versus 0.5% expected total construction spending $1,972.6 billion versus $1,938.4 billion last month Construction spending year on year +5.5% vs +3.5% prior private construction +1.0% vs +0.5% prior residential construction +1.4% vs +0.9% prior Residential construction is down 5.5% y/y but that should rebound in the
Share: XAG/USD peaked at a daily high of $24.80 then settled near the $24.15 area. US NFPs and PMI figures from August beat expectations. Still, wages decelerated, and Unemployment rose. The USD strength drove the grey metal downwards. At the end of the week, the XAG/USD closed with losses but managed to hold some