Canada’s Economy Softens in November as Oil Sector Woes Worsen
Canadian economic activity contracted by 0.1% month-on-month in November. In all, 13 of 20 major industries expanded on the month, but this growth was overwhelmed by declines in wholesale trade, manufacturing, and construction. Services industries as a whole were flat...
Yen Rises as Risk Appetite Fades Following Weak US, Canada and Eurozone Data
Risk appetite fades today as sentiments are weighed down by a string of weak economic data from Eurozone and US. In short, German retail sales dropped the most in 11 years. Eurozone GDP growth was stuck at 4-year low in...
EUR/JPY Breaches Channel Pattern
The Eurozone single currency appreciated against the Japanese Yen on Wednesday. The exchange rate breached January swing high of 125.31 at the end of yesterday’s trading session. However, today’s session began with bearish sentiment, and by the middle of the...
Trading Lessons All Traders Should Know – Alessio Rastani | Podcast
Key Points Discussed in this interview Financial markets and the information overload The forward-looking nature of technical analysis Bitcoin Breakout and 2019 forecast Alessio’s number one lesson for trading In this podcast interview Senior Analyst, Tyler Yell talks with Alessio...
Dollar Tumbles Broadly after Dovish FOMC, More Downside Ahead
Dollar was sold off broadly overnight after Fed’s dovish FOMC statement. And it remains the weakest one for today. US equities also surged sharply and risk appetite was carried through to Asian session. Riding on this, commodity currencies are generally...
RBA Forecasts to Be Consistent With On Hold Policy
The first RBA meeting of 2019 takes place on Tuesday and will be followed by a speech from Governor Lowe on Wednesday and Statement on Monetary Policy on Friday. We believe the RBA will lower their growth forecast in response...
FOMC Review: All We Need Is Just A Little Patience
As widely expected, at the meeting the Fed did not raise its target range, which remains at 2.25-2.50%. More interesting was the statement filled with changes, which reflects what we heard in speeches ahead of the meeting. The Fed no...
FOMC Review – Fed Calls for Patience on Further Rate Hike
The Fed addressed the issues we are concerned with, in quite a dovish tone, at the January meeting. As widely anticipated, the Fed funds rate stayed unchanged at 2.25-2.5%. The members removed the forward guidance of gradual interest rate increases....
Art Cashin: It’s ‘pretty obvious’ the Fed is moving to the whims of the markets
The Federal Reserve is continuing to change its tune as officials react to the whims of the stock markets, veteran trader Art Cashin told CNBC on Wednesday. “It’s pretty obvious,” he said on “Closing Bell.” “The fact that you look...
US Government Shutdown Impact, and the Prospect for More
The US government shutdown has ended, for the next two weeks at least, leaving a trail of delayed economic data and lost economic output in its wake. Unless Republicans and Democrats can reach a compromise soon, the government will likely...
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