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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 todayCanada retail sales came in much stronger than expected with a gain of 0.6% for the month. That was much higher than the...

The major US indices are closing mixed on the day with the Dow leading the way higher. The broader S&P is little changed, while the tech-heavy Nasdaq is down marginally.The final numbers are showing:Dow Industrial Average is up 117.12 points or 0.33% at...

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,...

Citigroup has started their purging of manager jobs as they start the reorganization. Now The Guardian is reporting that Lloyds is looking to shed 2,500 jobs in their own shakeup. Job cuts beget job cuts. Banks and financial institutions tend to march to the same drum...

The major European indices are closing the day marginally higher:German Dax, +0.22%France CAC, +0.20%UK FTSE 100, +0.06%Spain's Ibex, +0.34%Italy's FTSE MIB, +0.68%Euro Stoxx, +0.30%For the trading week, Spain's Ibex led the upside, while the UK FTSE 100 and Italy's...

The PBoC left its LPR rates unchanged as expected:LPR 1-year 3.45%.LPR 5-year 4.20%.PBoCECB’s Wunsch (hawk – voter) gave a clear signal that the ECB is going to hold rates steady in the next two months, but warned that an easing in financial conditions due to rate...

S&P Flash manufacturing PMI remains below 50.0Prior PM Mfg 50.0Flash Manufacturing PMI 49.4 vs 49.8 estimateFlash services PMI 50.8 vs 50.4 estimate ant 50.6 last monthComposite 50.7 unchanged from last month 50.7. From S&P Global:In November, US businesses...

The holiday-shortened week is off and away in the US with the major indices opening trading above and below unchanged. A snapshot of the market currently shows:Dow is up 50 points or 0.15% at 35329S&P index -1 point or -0.03% at 4555 .30Nasdaq index -24 points or...

As the US stock market prepares to open for the holiday shortened week, the major indices are looking to open little changed. The Dow is up 49 points after closing up 184.74 points on WednesdayThe S&P is up 0.88 points after closing up 18.45 points on WednesdayThe...

Canada retail salesPrior month -0.1% (they were expecting -0.3%)The September advance estimate was 0.0%Retail sales for September 0.6% vs 0.0% est.Ex auto 0.2% vs -0.2% est. Prior month ex auto, +0.1%Ex auto and gas -0.3%% vs -0.3% last monthOctober advanced estimate...

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,...

Headlines:Markets:NZD leads, USD lags on the dayEuropean equities a touch higher; S&P 500 futures up 0.1%US 10-year yields up 5.3 bps to 4.468%Gold up 0.2% to $1,995.23WTI crude down 0.4% to $76.92Bitcoin up 1.6% to $37,848It was a quiet session for the most part...

Lagarde said that her son "ignored me royally, which is his privilege". And that he "lost almost all the money that he had invested"."It wasn't a lot but he lost it all, about 60% of it. So when I then had another talk with him about it, he reluctantly accepted that I...