<p>The USDCAD fell to a new cycle low and moved into a swing area between 1.3298 to 1.3320. The low price has reached 1.33146. The price has bounced back as traders leaned in the swing area on the first test. The price is back above the high of the swing area and trades at 1.3324.</p><p>It […]
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US stock indices in the green as Dow continues winning streak
<p>The major US stock indices are now all trading in positive territory. The Dow Industrial Average is now up around 10 points or 0.03% at 37568.83. The S&P index is up 4.5 points or 0.09% at 4772.84. The Nasdaq index leads the way with a gain of 48.10 or 0.32% at 15051.15</p><p>The S&P index is […]
The latest Canadian population numbers are insane
<p>Here are net migration numbers for the developed english-speaking countries from June 2022-June 2023:</p><ul><li>USA +1,138,989 (+3.4) </li><li>Canada +1,131,181 (+28.6) </li><li>UK +672,000 (+10.0) </li><li>Australia +518,087 (+19.7) </li><li>NZ +101,518 (+19.6)</li>&
USDJPY struggles to break key resistance levels in volatile trading
<p>Today's trading session saw the USDJPY experiencing notable fluctuations. The currency pair recorded a low of 141.425 and a high of 142.46. Notably, the high price neared the 200-hour moving average, stopping just 10 pips short at 142.56.</p><p>A pivotal moment occurred yesterday when the USDJPY fell below its 200-day movi
EIA weekly US oil inventories +2909K vs -2283K expected
<p>WTI crude oil was trading up $1.10 cents to $75.05 ahead of the data, it's given back about 30 cents after the data.</p><ul><li><a href="https://www.forexlive.com/news/eia-weekly-us-crode-oil-inventories-4259k-vs-650k-expected-20231213/" target="_blank" rel="follow">Prior </a>
Eurozone December consumer confidence flash -15.1 versus -16.4 expected
<ul><li>Prior was -16.9</li></ul><p>There is still some ground to cover to get back to pre-war levels but so long as the ECB doesn't wait too long to cut, we should get there.</p> This article was written by Adam Button at www.forexlive.com.
US existing home sales November 3.82M vs 3.77M estimate
<ul><li>Prior month 3.79M </li><li>Existing home sales 3.82M vs 3.77M estimate annualized. First gain in 5 months. </li><li>Up 0.8% on the month. Last month the gain was 4.1%</li><li>Year-over-year, sales fell -7.3% (down from 4.12 million in November 2022).</li><li>Inventory 1.130M or 3.5
Pound Sterling falls further on surprisingly soft UK Inflation
The Pound Sterling (GBP) fell sharply after the United Kingdom’s Office for National Statistics (ONS) reported a significant decline in inflation in November.
Euro extends losses weighed by concerns about Eurozone's economy
The Euro loses steam right below 1.1000, with downside attempts limited for now.
EUR/GBP rally stalls at 0.8660 with Eurozone's economic outlook weighing
The Euro hesitates at 0.8660 as concerns about the eurozone economy grow.