The Canadian dollar is showing little movement on Tuesday. In the European session, USD/CAD is trading at 1.3382, down 0.13%. We could see stronger movement from the Canadian dollar in the North American session, with the release of the Canadian inflation report.
Canada releases the November inflation report later on Tuesday. In October, inflation dropped to 3.1%...
US Inflation Rate YoY Comparison - ECONOMICS:USIRYY
Stark similarities to the beginning of the Great Inflationary Period (GIP) which ranged from 1965 - 1982.
The GIP fractal is not a prediction, it only offers us perspective and context. As an example, US Inflation YoY could potentially bounce around between 3 - 4% for another 32 months as it did between 1975...
The Federal Reserve during the FOMC and in its SEP has hinted greatly towards deep rate cuts in 2024 because they see the CPI going down and no longer feel the need to tighten further, and are under the assumption that great progress has been made.
I for one do not agree with this perspective and think rates need to go much higher before inflation can truly be...
- Emerging Markets are in a paranoid state due to Major US Financial Markets nearing
scheduled date of CPI numbers releasing day.
Consensus forecasts are anticipating Inflation to steadily
go up for the rest of 2023 and entering '24
10'th of August/23 will be a very important day for The Global Financial Markets.
Casualties might follow soon due to the...
The New Zealand dollar is sharply lower in Wednesday trade. In the European session, NZD/USD is trading at 0.6095, down 0.61%.
US inflation ticked lower in October as expected and the release was a non-event for the markets, which slightly reduced their rate-cut pricing. Headline CPI climbed 3.1% year-on-year in November, down from 3.2% in October and in line...
As the clock ticks towards 13:30 GMT, financial markets are bracing for the release of the Consumer Price Index (CPI) data for November, a pivotal metric that provides a snapshot of the current state of the United States economy.
The CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and...
The British pound is drifting on Tuesday. In the European session, GBP/USD is trading at 1.2551, down 0.04%.
Tuesday's UK employment report was notable for the decline in wage growth. Earnings excluding bonuses rose 7.3% in the three months to October, down from 7.8% in the three months to September. This was lower than the consensus estimate of 7.4%.
Wage...
Today's focus: USDX
Pattern – LH Resistance push
Support – 102.45
Resistance – 104.12 - 104.35
Hi, and thanks for checking out today's update. Today, we are looking at USDX on the daily chart.
Today's video asks if USDX will continue to remain below resistance and possibly break lower if today's CPI data comes in lower than expected. We are mainly focused on...
Last Friday's University of Michigan Survey of Consumers revealed some surprising bullish trends as we head into the heart of the holiday season. November’s 69.4 sentiment score, the highest since August, was a massive jump from 61.3 in October, making a positive change in how consumers feel about the state of the economy. Within the report, though, is what really...
There is some reasons that I think Nasdaq is going to experience a fall in near future:
1) The federal reserve still wants to keep interest rates higher for longer.
2) These prices for stocks it means the market think the fed is going to decline interest rates for 1.25% in December 2024!
3) Retail investors buy 7 billion Dollar of stocks, but Banks just buy...
The area between 22.20$ - 23.30$ is a great area for mid term buyers.
Silver now is half price of its high peak (48$), so I will personally invest on it for long term.
I recommend buy silver in these prices step by step and hold it for at least 3 mounths.
COMEX: Gold Options ( COMEX:GC1! )
Gold prices rallied to an all-time high on Friday.
Spot gold climbed 1.6% to $2,069 per ounce, up 3.4% for the week. Gold price rose to $2,075 mid-session to beat the previous record of $2,072 reached in 2020.
U.S. gold futures also broke new ground. The February 2024 contract of COMEX gold futures settled at a record high of...
Hi there,
Copper has resumed its bearish cycle after having bullish cycle and record inflation.
Copper is leading us that economy is slowing down significantly.
In coming months inflation will fall back below 4 percent.
Deflationary cycle has already begun.
Good Luck
The euro is in negative territory in Thursday trade. In the European session, EUR/USD is trading at 1.0940, down 0.27%.
Germany's inflation rate declined sharply in November and the eurozone is up next, with the November inflation report later today. German inflation dropped to 3.2% y/y in November, down from 3.8% in October and below expectations. This was the...
The euro is showing limited movement on Wednesday. In the North American session, EUR/USD is trading at 1.0984, down 0.11%.
Gerrmany's inflation rate dropped more than expected, coming in at 3.2% y/y in November. This was down considerably from 3.8% in October and below the market consensus of 3.5%. This was the lowest inflation rate since June 2021 and was...
CME: E-Mini S&P 500 Options ( CME_MINI:ES1! ), E-Mini Nasdaq 100 Options ( CME_MINI:NQ1! )
Initial data from the biggest U.S. shopping day sends a mixed signal.
• E-commerce sales on Friday increased by 8.5% year-over-year, while in-store sales grew by just 1.1%, according to MasterCard Spendingpulse. The aggregate Black Friday retail sales rose 2.5%, excluding...
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
In today's analysis, let's discuss the recent surge in gold. Have we seen this before or is it dejavu? In light of the recent fears...
The euro is almost unchanged on Friday. In the European session, EUR/USD is trading at 1.0903, down 0.03%.
German GDP posted a minor drop in the third quarter, coming in at -0.1% q/q. This was down slightly from -0.1% in the second quarter and matched the market consensus. On an annualized basis, GDP declined by 0.4%, down from a revised o.1% gain in Q2 and...
