Slowing Trend in Canadian Retail SalesContinues
Highlights: Retail sales edged 0.1% lower in December but were up 0.2% excluding price changes. E-commerce sales were up 4.6% from a year-ago. That was down sharply from 21% increases in each of the two prior months and could imply...
Canadian Retail Sales Down in December, But Volumes Edge Up
Canadian retail sales dropped 0.1% (m/m) in December, following the prior month’s 0.9% drop. This was slightly better than consensus expectations for a 0.3% decline. The picture was somewhat better after accounting for price changes, with volumes up a modest...
GBPCHF Slips after a Losing Battle at 1.31; Bollinger Band Eyed
GBPCHF has been pushing hard to overcome the 1.31 resistance the past two days, but the bulls soon got exhausted, letting the bears to take control. The pair is currently trading below its 20-period moving average (MA) in the four-hour...
Sterling Sold off ahead of Weekend, Aussie Rebounds
Sterling is sold off broadly today as it’s getting unlikely to have a Brexit breakthrough at the Sharm El-Sheikh summit on Sunday. Prime Minister Theresa May is highly unlikely to bring back any revised deal for parliament approval next Wednesday....
GBPAUD Eases above Short-Term Uptrend Line; Indicators Slope Down
GBPAUD is paring yesterday’s gains significantly above the 23.6% Fibonacci retracement level of the upleg from 1.6160 to the 28-month high of 1.8730. The technical indicators have a steeper negative slope now. The RSI is heading towards the neutral threshold...
USDTRY Continues to Consolidate in a Sideways Range
USDTRY remains neutral in the medium-term, staying trapped in a sideways range with an upper bound at 5.55 and a lower end at 5.15 since the beginning of November. Confirming the absence of a trend, the 50- and 200-day simple...
Markets Await Outcome of High-Level US-China Trade Talks
Global sentiment and risk appetite will be heavily influenced by the outcome of high-level trade talks between the United States and China that began in Washington yesterday. While there is a growing sense of optimism over both sides securing a...
Despite the market comeback this year, traders worry an earnings decline will kill the bull market
We are still in the longest bull market on record, yet the entire trading community seems convinced the bull market is about to roll over. If analyst estimates are trustworthy, we are on the verge of an earnings recession, that...
DAX Jumps On Optimism Over U.S-China Trade Talks
The DAX index has posted considerable gains in Friday trade, after a pause on Thursday. Currently, the DAX is at 11,484, up 0.53% on the day. On the release front, German data was soft. Final GDP for the fourth quarter...
EURCHF Neutral In Both The Short- And Medium-Term
EURCHF has been trading in a sideways manner during the past few weeks, staying confined in a relatively narrow range between 1.1445 and 1.1305. Attesting to the neutral short-term bias, price action is also taking place between the 50- and...