Canada CPI the lowest since March 2021Today's Canadian CPI report highlights how far the Bank of Canada has fallen behind the curve.Virtually the lone sources of inflation are mortgage interest and shelter, which is due to laggy rent calculations. Overall inflation is...
US July business inventories 0.4% versus 0.3% expected
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,...
US September NAHB home builder sentiment 41 vs 40 expected
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,...
Tech stocks rally: Amazon and Nvidia lead the charge
Stock heatmap by FinViz.com Tue, 17 Sep 2024 13:46:02 GMTSector OverviewThe US stock market is seeing significant gains today, with a notable emphasis on the technology sector. Microsoft (MSFT) is up by 1.74%, while Amazon (AMZN) shows the most remarkable increase in...
The major indices open higher. S&P index looks toward it’s all time high closing level
The major US indices are trading higher at the start of the trading day. Retail sales were better than expectations. That might mean the Fed might lean toward a 25 basis points but it also means that the economy is not as bad as hoped. The Dow industrial average...
Timiraos: Fed faces a finely-balanced choice over whether to cut
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,...
Kickstart the trading day for Sept 17 w/a technical look at the EURUSD, USDJPY & GBPUSD
Kickstart the FX trading day for September 17 with a technical look at the EURUSD, USDJPY and GBPUSD. Included today is a bonus look at the USDCAD after Canada released lower-than-expected CPI data, and the US reported better-than-expected retail sales data. The...
US August industrial production +0.8% vs +0.2% expected
Prior was -0.6% (revised to -0.9%)Capacity utilization 78.0% vs 77.9% expectedPrior utilization 77.8% (revised to 77.4%)Manufacturing output +0.9% vs +0.3% expectedPrior manufacturing output -0.3% (revised to -0.7%)The negative revisions take some of the shine off...
Three central banks, one Volatile Week. Analysis by Octa Broker
Relative monetary policy drives currencies' exchange rates. Therefore, the market pays close attention whenever a central bank holds a meeting and updates its monetary policy stance. This week, three major central banks—the U.S. Federal Reserve (Fed), the Bank of...
US dollar bumps higher after solid retail sales report
The US retail sales report wasn't a game-changer for tomorrow's FOMC decision but it offers some angst for those who are expecting a 50 basis point cut.Sales rose 0.1% compared to -0.2% expected in a sign that the consumer is just fine. The control group, which...
Canada August CPI 2.0% vs 2.1% expected
Canada CPI the lowest since March 2021Prior month 2.5%(it came in as expected)CPI MoM -0.2% vs 0.0% expected.Prior MoM +0.4%THe YoY of 2.0% is the lowest since March 2021. Core measures: CPI Bank of Canada core YoY 1.5% vs 1.7% last monthCPI Bank of Canada core MoM...
US August retail sales control group +0.3% versus +0.3% expected
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,...
Canada August housing starts 217.4K vs 252.5K expected
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 AUD is the strongest and the CAD is the weakest as the NA session begins
As the North American session begins, the AUD is the strongest and the CAD is the weakest. Having said that, the top to bottom ranking is scrunched together with little separating the winners and losers. The market is awaiting key data is my guess. Today, the FOMC...
Will today’s US retail sales report be the FOMC tie-breaker?
US retail sales control groupEyes are on the US retail sales report today, and the 'control group' in particular that excludes the volatile components on autos, gasoline and building materials. The consensus is for a +0.3% reading to match the prior month.Going into...
Forexlive European FX news wrap 17 September – German ZEW falls to a 10 month low
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,...
Will the US retail sales later mess up the Fed odds even more?
Last month, July retail sales nudged up by 1.0% and beat estimates here. Ten out of the thirteen categories showed an increase, so that helped. But this time around, the estimate is for headline retail sales to show a 0.2% decline. That said, ex-autos is estimated to...
AUDUSD Technical Analysis – Expectations for a larger Fed cut weigh on the USD
Fundamental OverviewLast Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a...
FP Markets Wins Treble at The Global Forex Awards
Following recent success at the Finance Magnates Pacific Summit in Australia earlier this month, multi-asset Forex and CFD broker, FP Markets, was presented with three coveted Global Forex Awards at a ceremony held at the La Caleta in Limassol on Thursday 12...
Dollar holds lightly changed on the day
The changes among the day remain light, with dollar pairs all holding within 10 pips change currently. It's just one of those days where even if there are any moves, one shouldn't look too much into it. At this point, it's all about the Fed tomorrow.USD/JPY was a bit...