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European Session opening comment from @Capital_Edge_

European Session opening comment from @Capital_Edge_

Morning thoughts from Capital Edge's Arno Venter (be sure to check out his Discord Channel)In terms of Powell’s comments, I have seen a lot of takes on his comments with the majority saying Powell was ‘very hawkish’, ‘overly hawkish’ or ‘more hawkish than expected’. I...

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USDCAD Technical Analysis: Key levels to watch

USDCAD Technical Analysis: Key levels to watch

USThe Fed left interest rates unchanged as expected with basically no change to the statement.Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt.The recent US Core PCE came in line with...

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US markets will remain open on (observed) Veterans Day

US markets will remain open on (observed) Veterans Day

November 11 is the Veterans Day federal holiday in the US. There will wide observance of the holiday on Friday November 10, but not for US markets. US stock markets, including the New York Stock Exchange and the Nasdaq, will be open for business as usual on Friday.The...

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China’s robust vehicle sales surge, NEV market shines

China’s robust vehicle sales surge, NEV market shines

Vehicle sales in China continue to perform strongly. October vehicle sales were up 13.8% y/y (from September's +9.5%)YTD (January - October) vehicle sales were up 9.1% y/y (from January - September +4.6%)New Energy Vehicles (NEV) sales knocked it out of the park with...

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