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Canada to release retail sales today, GDP on Friday US GDP expected to confirm estimate 5.2% gain The Canadian dollar is slightly higher on Thursday. In the European session, USD/CAD is trading at...
Stocks finished the day lower, which hasn’t happened much recently, in a sudden turn mid-day.There was no good explanation for the sudden turn, but I think if you have been reading me for any...
Oil prices have rallied this week on concerns over supply disruption in the Red Sea. WTI is showing early signs of reversing off bearish trend line resistance. USD/CAD is oversold at 4-month lows, but...
Yen traders await BoJ decision for pivot cluesUS core PCE index the highlight of the US agendaUK CPI numbers to be the pound’s next testLoonie and aussie await Canada’s CPIs and RBA...
Bank of Canada holds rates for third consecutive time US releases nonfarm employment on Friday The Canadian dollar is almost unchanged on Thursday. In the European session, USD/CAD is trading at...
The EUR/USD faces a key test in the next week and a half. We will have lots of key data and rate decisions from both the Federal Reserve and European Central Bank to come during this period. Ahead of...
US job openings fall to lowest in more than 2-1/2 yearsTreasury yields slide, but dollar extends recoverySchnabel points to end of ECB’s tightening crusadeGold becomes attractive again after...
In the previous meeting, Canada's central bank kept its key interest rate at 5%. The current interest rate is unsustainable for Canadians, and it seems evident that the Bank of Canada will keep the...
We have had a nice ride off the bottom in gold and silver which I suggested was close in September and alluded to in my August article. This was my first article since April of 2020 where I simply...
Investors looking to US NFPs for confirmation of their Fed rate cut betsRBA could still signal that higher rates are possibleBut BoC may confirm that interest rates have peaked in CanadaJapan’s...
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