Forward Guidance: Canadian Business Optimism Clouded by Escalating Input Costs
A quieter flow of economic data next week will highlight the ongoing recovery in hard-hit service sectors. Our own tracking of credit card transactions is pointing to an increase in food services sales that exceeds the 4.2% rebound in retail...
Canadian Dollar Stays Weak after Retail Sales
Canadian Dollar is trading as the worst performing one today and slightly weaker than expected retail sales data provide little help. Persistent weakness in oil price is weighing down the loonie, together with overall negative sentiment. Overnight development is unchanged...
US Dollar Index Outlook: Dollar Hits New Multi-Month High
US Dollar Index The dollar index extends gains into fifth straight day and hits new highest levels since early June on Friday. Global risk aversion on growing fears over consequences of fresh spread of Delta variant which already caused new...
EUR/USD Outlook: The Pair Broke the Key 1.1750 Support Zone to Move into a Bearish Zone
The Euro failed to clear the 1.1800 resistance and started a fresh decline against the US Dollar. The EUR/USD pair broke the key 1.1750 support zone to move into a bearish zone. It even broke the 1.1700 support level and...
Stocks making the biggest moves premarket: Deere, Foot Locker, Buckle, Spotify and more
Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported quarterly earnings of $5.32 per share, compared with a consensus estimate of $4.58, and its revenue beat forecasts as well. Deere was up...
EUR/JPY Daily Chart Might Turn Bullish
The EUR/JPY might make a possible bounce in the zone as the price is supported by historical buying. We might see a nice move in EUR/JPY as the price is in the POC zone. If 127.00 stays strong we could...
Chinese regulators meet with developer Evergrande as scrutiny on real estate grows
A banner promoting the Emerald Bay residential project outside the China Evergrande Centre in the Wan Chai area of Hong Kong, China, on Friday, July 23, 2021. Lam Yik | Bloomberg | Getty Images BEIJING — Chinese authorities called for...
Two Trades To Watch: GBP/USD, Dax
GBP/USD trades at monthly low as retail sales unexpectedly slump GBP/USD licking its wounds after the biggest daily fall since June as COVID cases rise and AstraZeneca & Pfizer vaccines are found to be less effective versus delta strain. UK...
USDCAD Prints Positive Move To New 8-Month High
USDCAD posted an aggressive rally on Thursday, jumping above the 1.2810 barrier and printing a new eight-month high of 1.2920. The MACD oscillator is going up above its trigger line, while the RSI is moving into overbought territory. The Ichimoku...
WTI Oil Outlook: WTI Oil On Track For A Weekly Drop Of Over 5%
Bears are taking a breather and consolidating above three-month low ($62.39) in early Friday trading, following a steep fall in past six days. The contract is on track for a weekly loss of over 5% as surging cases of Delta...
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