Category Finance

In the morning video, I spoke about the 50% midpoint of the move up from the January 2023 low at 144.581. The price has been trading above and below that level over the last 1-2 months, but the run higher this week has returned back to the level,…

The US stocks have started to weaken with the broader S&P and NASDAQ indices now down around -0.45%. The Dow industrial average is down -0.35%. For the NASDAQ index it has moved back below the swing high price from August 22. Yesterday the price moved above that level…

Following the Bank of England’s decision to maintain policy rates, Credit Agricole highlights the GBP’s emerging status as a high-yield currency, supported by the potential for future easing. Key Points: BoE Decision and Forward Guidance: The BoE kept rates unchanged in September while signaling future gradual easing. Only…

As the clock ticks toward the weekend, a look at the USDCAD with a look toward next week is important. This week, the price action got more volatile on Wednesday helped by the FOMC rate decision. The initial move was to the downside, but the 100-bar moving average…

Goldman Sachs anticipates the Bank of England will implement a 25bp cut at the November meeting, following the recent decision to maintain the Bank Rate. Key Points: BoE Decision Details: The Monetary Policy Committee (MPC) voted 8-1 to keep the Bank Rate unchanged and will maintain gilt stock…

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Prelim was +0.6%August preliminary +0.5%Ex-autos +0.4% vs +0.3% expectedPrior ex-autos +0.3%Sales were up in seven of nine subsectorsEx-autos and gas +0.6% These numbers are a surprise, especially the August preliminary data, which runs opposite to what RBC cardholder data has been showing. For July, new car sales rose…

Prior IPPI MoM 0.0% Prior raw material price (RMPI) MoM 0.7%IPPI YoY 0.2% vs 2.9% last month revised to 2.8%RMPI MoM -3.1% vs -2.0% estimateRMPI YoY -2.5% vs 4.1% last month Much lower than expectations. For the IPPI Lower prices for energy and petroleum products were mainly responsible…

The Canadian dollar is in an interesting spot at the moment. Domestically, real estate markets are clearly hurting and it’s going to take at least 200 bps of rate cuts to fix it. But that’s coming. The government is also extremely unpopular but a change is coming there…