USDTRY – Fragile Geopolitical Situation and Weakening Techs Could Spark Further Fall of Turkish Lira
The USDTRY has stabilized and moves higher after last week’s strong rally to 5.8767 and subsequent quick pullback last week. Fresh upside attempts extend into second day and penetrate daily cloud, on track for close within the cloud after the...
Job openings on the decline but still outpace available workers by more than 800,000
Job openings edged lower in November but there were still 800,000 more vacancies than there were workers to fill them, according to Labor Department data released Tuesday. The total number of vacancies declined by 243,000 during a month when nonfarm...
Canada’s Trade Deficit Widens in November on Fall in Crude Oil Exports
Canada posted a $2.1bn trade deficit in November, down from an upward revised $0.85bn deficit in October (previously reported as a $1.2 billion deficit). This is a slightly bigger deficit than the consensus estimate of $1.95bn. The trade deficit was...
US: Small Businesses Confidence Moderates at the End of the Year, but Remains Upbeat Relative to History
The NFIB’s small business optimism index fell 0.4 points to 104.4 in December. The headline print came in a touch above market expectations for a 103-point showing. The index has drifted lower over the last four months, but remains elevated...
Dollar Trying to Recover Further as 10-Year Yield Back Above 2.7
Canadian and US Dollar are the strongest ones in a rather quiet day. WTI crude oil stays firm above 49 but there is no buying to push it through 50 handle yet. But that’s enough to keep the Loonie buoyed...
China’s risk score flounders on trade, debt and demographics
Euromoney’s latest quarterly country risk survey shows China’s total risk score slipping, adding to a longer-term deteriorating trend. Down one place this year in the global risk rankings, China is now 43rd out of 186 countries, sandwiched between Italy and...
Apple and Tesla shares on the blockchain could be the next big thing in crypto
Cryptocurrencies had a wild 2018, tumbling well below some of the record highs seen toward the end of 2017. Bitcoin, once worth almost $20,000, plunged last year, closing out 2018 at a price below $4,000. Other major virtual currencies, including...
Dollar Higher after Defending Support, Canadian Even Stronger
Dollar trades generally higher in Asian session today, rebound from near term support levels against Euro and Swiss Franc. The greenback is also seen losing some downside momentum against Sterling and Australian Dollar. Recovery in US treasury yields help and...
GBP/USD Gaining Strength Above 1.2720
Key Highlights The British Pound broke the key 1.2680 and 1.2720 resistances against the US Dollar. There was a break above a short term bearish trend line at 1.2740 on the 4-hours chart of GBP/USD. The US ISM Non-Manufacturing Index...
A Bit Of The Feel-Good Factor Has Temporarily Abated
Markets A bit of the feel-good factor has temporarily abated for local equity markets after Samsung Electronics quarterly sales missed the mark in what is yet another casualty of US-China tensions which has triggered a drop-in demand for memory chips...