USDCAD weekly chart MUFG Research added a long USD/CAD position to its ToTW portfolio targeting a move towards 1.4550, with a stop at 1.3850. “We are recommending a new long USD/CAD trade idea. We still see room for the CAD to weaken further against the USD heading into next year,” MUFG notes. “Additionally, we expect the BoC to continue…
United States Consumer Credit Change came in at $19.24B, above forecasts ($10B) in October
Comments from Beth Hammack from Cleveland: Says she has an ‘open mind’ about December meeting, more data is coming Market view of one cut between now and late January is reasonable Slowing pace of rate cuts allows Fed time to sound economy Data will drive what the Fed does with mon pol Fed has more work to do to…
NZD/USD drops sharply on Friday, settling around 0.5830. Pair faces strong resistance at the 20-day SMA, which remains unbroken. Indicators show weakening buying traction, reinforcing the bearish outlook. The NZD/USD pair extended its decline on Friday, plunging to 0.5830 after failing to break above the 20-day Simple Moving Average (SMA). This key technical level continues to act as a…
We’re very focused on housing and real estate issues Housing issues could make inflation stickier Consumers really supporting economy, household balance sheets solid too This article was written by Adam Button at www.forexlive.com.
The Dow Jones shed another third of a percent to wrap up the trading week. US NFP jobs figures came in above expectations, but the US Unemployment Rate also rose. Steep losses in key stocks are dragging the Dow Jones lower. The Dow Jones Industrial Average (DJIA) turned lower on Friday, shedding another 140 points and dragging the equity…
Data released Saturday by the People’s Bank of China revealed that it has resumed buying gold. It was the largest official buyer in the world in 2023 as it looked to be headed on a multi-year effort to diversify out of US dollars. That changed this year as officials seemingly became price sensitive as buying stopped in May after…
Amazon stock closes 2.94% higher at new all-time high. November NFP hits well above expectations on Friday. Amazon is still seeing positive vibes from its new AI chip. Amazon shares have risen in eight of last nine sessions. Amazon (AMZN) stock is up for the sixth consecutive session on Friday, a streak that began on November 29. What’s…
A single month’s data is not reliable but if the household survey were to show steady deterioration, the Fed would have to look at it more closely It’s likely that goods prices will return to deflation, services continues in the right direction, market data on housing suggests coming improvement there Will be watching rate-sensitive sectors, lagged impact of mon…
NZD/JPY fell to 87.48 on Friday, extending its weekly losses. Indicators are dangerously close to oversold conditions, signaling a potential correction. Bearish momentum remains intact, with risks of further downside. The NZD/JPY pair extended its decline on Friday, falling to 87.48 as selling pressure intensified. This marks a continuation of the bearish trend that began earlier in the week,…
