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The most troubling parts of the Canadian retail sales report are the housing proxies. The ‘buil...
That question will be answered when the April Markit PMI is released at 1345 GMT (9:45 am ET). Th...
Canada February retail sales report results: Prior reading was +1.3% (revised to +0.9%) Ex-autos...
The Bank of Canada highlighted a pickup in exports and investment as key factors for the year ahe...
Stocks across the Asian region was swinging in between gains and losses on Wednesday after a Chin...
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35 minutes ago (Adam Button)
Highlights of the Markit US PMI: Prior reading was 55.5 Output 58.2 vs 57.5 prior — highest since March 2011 New orders 58.9 vs 58.1 That’s a small miss but it could be enough to unwind a bit of the … Continue reading → »
40 minutes ago (Adam Button)
The S&P 500 is down 2 points to 1877 shortly after the open. The index has gained for 6 straight sessions in a 3.5% rally so a break is no surprise. »
2:16pm today (Adam Button)
Poll from Citi/Yougov sees inflation expectations edging lower. The session low of 1.6782 is under pressure in cable. Strong demand spans down to 1.6780 with more in the 1.6770/60 zone and stops below. »
2:10pm today (Adam Button)
The most troubling parts of the Canadian retail sales report are the housing proxies. The ‘building material and garden equipment and supplies dealers’ line fell 1.4% in the month and is down 0.9% y/y. Furniture sales were also weak. USD/CAD … Continue reading → »
2:00pm today (Kristian Kerr, Sr. Currency Strategist)
Price action in Dow & NASDAQ needs to be watched closely over next few weeks. »
2:00pm today (Ilya Spivak, Currency Strategist)
I entered long USD/CAD at 1.0935 and have now booked profit on half of the position at the initial target of 1.1017. The remainder of the trade will remain open, looking for a break above resistanc... »
1:48pm today (Adam Button)
That question will be answered when the April Markit PMI is released at 1345 GMT (9:45 am ET). The Markit data was once relegated to the back pages but it’s an important indicator and it doesn’t have to share the … Continue reading → »
1:30pm today (Adam Button)
Canada February retail sales report results: Prior reading was +1.3% (revised to +0.9%) Ex-autos +0.6% vs +0.5% exp Prior ex-autos +1.0% (revised to +0.5%) Full report The big story is the revisions. Factoring those in, the report is easily weaker-than-expected … Continue reading → »
1:21pm today (Adam Button)
The Bank of Canada highlighted a pickup in exports and investment as key factors for the year ahead so that might limit the impact of the retail sales report. Then again, the market has been whipsawed in USD/CAD a few … Continue reading → »
12:54pm today (Mike Paterson)
IMHO ofc ! Failure to breach 1.6850 while it had the chance has put the pair on the back foot again but we’ve still to break down through recent lows around 1.6775. Glass half-full ( buying opportunity on the dips) … Continue reading → »