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USDCAD dailyCredit Suisse analyzes the USD/CAD currency pair and identifies a potential "double bottom" base formation, indicative of a more substantial move upwards. Here are the critical details:Potential Double Bottom Base: Credit Suisse sees a possibility for a...

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,...

USDCAD 10 minsUSD/CAD has given back gains on broad Canadian dollar strength, thanks to a big rebound in oil prices.The pair is trading at 1.3435 from a high of 1.3501 just a few hours ago. Data from Canada today was soft but trading in the loonie has been about weak...

EIA sees 12.76m bpd this year vs 12.56m bpd priorSees 13.09m bpd next year vs 12.85m bpd priorSees 2024 production exit rate at 13.4m bpdLowers 2024 world oil demand forecast by 30,000 bpd, which is a 1.61m bpd increase2023 world oil demand growth unchanged at 1.76...

Goldman Sachs shares its outlook on the upcoming US Consumer Price Index (CPI) data for July, with expectations slightly lower than the general consensus. Here are the key details:July Core CPI Prediction: Goldman expects a 0.15% increase in core CPI for July,...

Closing changes:Stoxx 600 -0.3%German DAX -1.2%UK FTSE 100 -0.4%French CAC -0.8%Italy MIB -2.2%Spain IBEX -0.7%It's not a pretty picture anywhere today but the UK held up relatively well today while Italy was battered. A look across the charts shows a painful series...

Credit card balances rose 4.6% to a record $1.03 trillionAuto loan balances rose $20 billion to $1.58 trillionMortgage balances largely unchanged at $12.01 trillionThese numbers are: 1) a reminder of how mortgages are the overwhelming sources of debt 2) How credit...

China has been a case of serial disappointment for the market this year and that was highlighted once again by today's economic data.Exports fell 14.5% y/y compared to 12.5% expected. That's a relatively minor miss and could be somewhat forgiven due to the covid...

One-year lowAverage hourly wage rose 4.4% vs. a year earlierThe six-month outlook for the U.S. economy fell 0.3 point to 35.2The personal finances subindex fell 1.3 points to 48.7This is a low-level indicator but highlights some of the pessimism in the...

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,...

The S&P 500 is down 0.9% and the Dow Jones Industrial Average down 1.0% shortly after the open. The Nasdaq Composite is 1.3% lower.Banks are under heavy pressure with the KRE bank index down 4.1%.Commodity-related stocks are also selling off on fears about the...

SPX futures 10 minsS&P 500 futures are down 29 points shortly before the open to 4509. They fell as low as 4495 but some bids have arrived following dovish comments from Harker. The catalysts for selling were soft Chinese economic data and bank downgrades....

The Saudi cabinet says the Kingdom will continue boosting OPEC+ precautionary efforts to support stability in oil markets.WTI fell as much as $2 today and touched $79.90 but has bounced slightly to $80.36. There are concerns about Chinese demand due to today's poor...

> US June trade balance -65.5B vs -$65.0B expected US June international trade data <!--> Adam Button Tuesday, 08/08/2023 | 12:30 GMT-0 08/08/2023 | 12:30 GMT-0 --> <!--> Prior was -$69.0BGoods trade balance vs $-87.84B prelimUS-China deficit at...

Prior was -3.44B (revised to $2.68B)Exports $60.7B vs $62.05B priorImports vs $64.43B vs $64.73B priorThe aggregate level of trade is slowing and that's a poor sign for economic activity. Today's weak China trade data was particularly alarming and goes some way to...