The Nasdaq Composite this week held into last week’s gains as the lack of economic releases and the Thanksgiving Day holiday contributed to a steady risk sentiment. On the data front, the US Jobless Claims on Wednesday beat expectations across the board, which is a good thing for the market at the moment given some
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
The S&P 500 this week held into last week’s gains as the lack of economic releases and the Thanksgiving Day holiday contributed to a steady risk sentiment. On the data front, the US Jobless Claims on Wednesday beat expectations across the board, which is a good thing for the market at the moment given some
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
As European traders head home, the trading desks around the globe are being manned with skeleton staff until the Asian session begins. Looking ahead to Friday in the APEC session: New Zealand (NZD) at 4:45 PM ET Retail Sales q/q: Expected at -0.8% (Previous: -1.0%) Core Retail Sales q/q: Expected at -1.5% (Previous: -1.8%) Japan
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The S&P 500 surged to new highs following the miss in the US CPI report. Looks like the market is still trading based on the inflation and interest rates expectations and ignoring the softening in the labour market and growth data. Yesterday, the US Retail Sales were more tepid compared to the prior months, but
Stock market gains today: The S&P 500 is up 1.9% The Nasdaq up 2.3% The Russell 2000 up 3.7% It’s a bonanza in markets after US CPI was slightly lower than expected today. The market has priced out any further Fed rate hikes and is cheering the likelihood of a soft landing in the US.
The Dow Jones ended last week on a positive note as we got a strong rally despite some concerning data. The University of Michigan consumer sentiment report missed forecasts across the board by a big margin once again. The bearish signs keep on accumulating with the recent hawkish tone from Fed speakers and the softening
