Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any…
Inflation is decelerating and it takes pressure off the Fed. Trump is frustrated with Canada but is expected to talk to Canada again “by the end of the term” Not sure what the “end of the term” means. US CPI rose to 3.03% from 2.94% (unronded) last month, but was less than 3.1% estimate. The core measure moved from…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any…
The major US stock indices are trading higher helped by cooler CPI data and better earnings from Intel. Chips stocks are higher with Nvidia up 1.46%, Broadcom up 2.3%, AMD up 5.62%, and Micron up 3.17%. A snapshot of the major indices shows: Dow industrial average is up 269 points or 0.57% at 46998 and on pace for a…
Business activity in the United States’ (US) private sector expanded at a healthy pace in October, with the S&P Global Composite Purchasing Managers’ Index (PMI) improving to 54.8 in the flash estimate from 53.9 in September. In this period, the S&P Global Manufacturing PMI edged higher to 52.2 from 52, while the Services PMI climbed to 55.2 from 54.2….
Prior month 52.0 S&P Global manufacturing PMI 52.2 versus 52.0 estimate Services index 55.2 versus 53.5 estimate. Prior month 54.2. Composite flash PMI data 54.8 versus 53.9 last month The Michigan consumer sentiment sentiment will be released at 10 AM with expectations of 55.0 versus 55.0 last month This article was written by Greg Michalowski at investinglive.com.
The Canadian Dollar (CAD) is a little softer following President Trump declaring that all trade talks with Canada had been ‘terminated’, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. BoC policy makers may lean into market pricing for a 25bps cut “The move came in response to a US TV ad by the Ontario government that was…
Comments from both the US and China side were positive following two days of meetings between top trade negotiators. “I think we have a very successful framework for the leaders to discuss on Thursday,” US Treasury Secretary Scott Bessent told reporters. The leaders will meet in the week ahead with looming deadlines on Chinese rare earth mineral exports and…
So far, however, Russia still seems to be finding buyers for its Oil, Commerzbank’s commodity analyst Carsten Fritsch notes. Oil production in Kazakhstan impaired “According to the aforementioned data from Bloomberg, Russia’s seaborne crude Oil exports remained at a high level of 3.7 million barrels per day in the last reporting week. The less volatile 4-week average even rose…
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