The S&P 500 index remained above 4,700 level yesterday and retraced a large part of its Wednesday intraday sell-off.
Blogs
Silver Price Analysis: XAG/USD rebounds near day’s high as US core PCE decelerates
Silver price (XAG/USD) gathers strength for more upside as the United States Bureau of Economic Analysis (BEA) reported softer-than-anticipated core Personal Consumption Expenditure (PCE) price index report for November.
USD Index: There is little reason to expect pressure to abate anytime soon – Scotiabank
The USD is broadly weaker versus the major currencies. Economists at Scotiabank analyze Greenback’s outlook.
Belgium Leading Indicator climbed from previous -15 to -12.7 in December
Belgium Leading Indicator climbed from previous -15 to -12.7 in December
USD/CAD remains weak below 1.3300 after Canadian, US data
The US Dollar remains stuck at multi-month lows after weak US PCE Inflation.
Canada: GDP stalls in October vs. 0.2% expansion expected
Statistics Canada reported on Friday that Real Gross Domestic Product (GDP) “was essentially unchanged for a third consecutive month in October.
USD/CAD: There is no major support ahead of a return to 1.3093 – Scotiabank
The Canadian Dollar has had a solid week. Economists at Scotiabank analyze USD/CAD outlook.
US Durable Goods Orders rise 5.4% in November vs 2.2% expected
Durable Goods Orders in the United States rose by 5.4% in November to $295.4 billion, the US Census Bureau announced on Friday.
United States Personal Spending registered at 0.2%, below expectations (0.3%) in November
United States Personal Spending registered at 0.2%, below expectations (0.3%) in November
United States Core Personal Consumption Expenditures – Price Index (YoY) below expectations (3.3%) in November: Actual (3.2%)
United States Core Personal Consumption Expenditures – Price Index (YoY) below expectations (3.3%) in November: Actual (3.2%)