Category Finance

RBC’s Canadian consumer spending tracker is a good measure of real-time spending based on credit card data. Usually it’s released around the 10th of the month and I’ve been checking it daily, wondering why the long wait. It’s finally out and shows that August retail sales ex-autos, likely…

The bulls aren’t letting off the gas pedal today with the S&P 500 now at the highs of the day, rising 2% or 114 points to 5732. The Nasdaq is also up 3%. Some of the leaders are AMD (+7%), Tesla (+7%), ABNB (+6.6%) and NVDA (+5.5%). This…

The NZDUSD continues to experience volatile price action following the FOMC rate decision, with today’s trading seeing an initial move to the downside. The fall took the price briefly below its 100-hour moving average, marking a departure from the recent trend. However, this break was short-lived, and the…

The market is frothy at the thought of a soft landing today after Powell pledged to preserve the strength of the economy yesterday and delivered a half-point cut. Fed projections are for 4.4% unemployment through next year and — presumably — anything higher than that would bring more-aggressive…

The AUDUSD is trading higher today, boosted by risk-on sentiment as US stocks surge. The Dow is up 633 points (1.52%), while the S&P 500 and Nasdaq have gained 2.00% and 2.95%, respectively. In the European session, the AUDUSD reached a new high, but struggled to sustain momentum…

Post Content

Post Content

Post Content

The Bank of England held rates at 5.00% today in a move that wasn’t certain but wasn’t entirely expected. Economists at Deutsche Bank forecast no change and after the announcement spike, the pound gave back gains. DB highlighted three takeaways from the decision: 1)There was only one dissent…

Since its launch in April 2024, mobile-first trading platform 50K.Trade has revolutionized personal finance and investing for Europeans. With its user-friendly interface, commission-free trading, and high interest rates on unused cash, it is creating a buzz, particularly among millennials and first-time investors. If you’re considering using 50K.Trade or…