Canadian Dollar Jumps Again on BoC Lane’s Comments, Sterling Also Firm
Canadian Dollar surges broadly again today as a top BoC official’s comment further dismiss the chance of rate cut. Sterling is following as the second strongest on election and Brexit optimism. On the other hand Australia Dollar is the weakest...
US trade deficit drops in October to lowest level in more than a year
Cargo ships sit docked at the Port of Savannah in Georgia Ty Wright | Bloomberg | Getty Images The U.S. trade deficit fell in October to its lowest level in more than a year as exports and imports both slid...
US weekly jobless claims drop to seven-month low
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, hitting their lowest level in seven months, suggesting the labor market remains solid even as the economy is slowing. Initial claims for state unemployment benefits dropped 10,000...
OPEC Said To Be Discussing Deeper Production Cuts
Notes/Observations Continued upbeat sentiment on prospects of a phase-one trade agreement providing tailwinds for risk appetite; China noted that both sides were both keeping close contact on trade in US- China talks Unexpected fall in German Oct Factory Orders India...
Pound Sterling Gains As Odds Of A Tory Win Rises
The pound sterling continued to advance gains, rising to a seven month high on Wednesday. The currency picked up momentum after latest polls put the Conservative party in the lead. Besides leading the polls, the rally comes as investors hope...
BOC Unexpectedly Turned More Upbeat in December
BOC left the policy rate unchanged at 1.75% in December. The accompanying statement turned more hawkish than October. Despite ongoing trade war uncertainty, policymakers remained upbeat about the domestic economic growth. They also acknowledged that the global economy has stabilised....
Market Brief: Oil Catches Fire After Surprise Inventory Drawdown
DISCLAIMER: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this...
Robinhood democratizes stocks for younger generations, co-founder says
Robinhood grew its user based tenfold in about three years by bringing in younger generations to the finance world, co-CEO of the mobile stock trading app, Vladimir Tenev, told CNBC’s Jim Cramer on Wednesday. The start-up earlier that day announced...
Job growth is slowing in the trade war, but that may not be clear in Friday’s payroll data
The trade war is taking its toll on the job market, but the trend may not be so clear in Friday’s employment report as GM workers return to their jobs following a strike. Even as the U.S. grew sluggishly in...
Next year will be hard on the housing market, especially in these big cities
Home sales will drop, the housing shortage could become the worst in U.S. history, and home values will shrink in some cities. That’s the 2020 forecast from realtor.com, which holds one of the largest databases of housing statistics available. Sales...
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