The Bank of Canada’s (BoC) Business Outlook Survey (BoS) for the fourth quarter revealed on Monday that the business sentiment in Canada improved again, with the BoS indicator coming in at a new record high of 5.99, up from 4.73 in the third quarter. Note that the data for the latest survey was collected prior to the rapid spread […]
Canadian Dollar is trading as the strongest one for today, and remains firm after stronger than expected manufacturing sales data. Dollar is currently following, with help by rebound against Yen. Sterling is also slightly weaker, following Yen. Other currencies are mixed for now. Overall, trading is rather subdued with US on holiday. Technically, while Canadian
CAD Firm after Manufacturing Sales, Trading Generally Subdued Read More »
EURUSD on the 4-hour chart The EURUSD moved lower and lower today. In the process, the pair moved below what was a swing area going back to November. That area held earlier in the week. Moving below, increased the bearish bias and kicked the price lower. Looking at the 5 minute chart below, the move
EURUSD bounces near 100 hour MA Read More »
The population game is one that all countries in the world are playing but few – if any at all – are winning. And China is no exception to that. The crisis in the country worsened amid the pandemic and last year saw birth figures sliding once again. According to the stats bureau, there were
In this article WFC Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo shares rose on Friday after the bank posted quarterly revenue that exceeded analysts’ expectations and a significant jump in profit. Shares of the bank climbed more than 2% in premarket
Wells Fargo’s fourth-quarter revenue tops estimate, profit jumps Read More »
Gold prices eased on Monday, as U.S. Treasury yields gained on hawkish signals from the Federal Reserve and markets began to price in a sooner-than-anticipated reduction in balance sheet. FUNDAMENTALS * Spot gold was down 0.2% to $1,814.08 per ounce by 0024 GMT. U.S. gold futures edged down 0.1% at $1,815.00. * U.S. 10-year Treasury
Gold eases as yields gain on Fed rate hike bets Read More »