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2024 financial market outlook by Octa
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Pound Sterling remains vulnerable on weak UK Retail Sales data
The Pound Sterling (GBP) falls sharply as the United Kingdom Office of National Statistics (ONS) reports downbeat Retail Sales data for December.
Fed's Goolsbee: If we make good progress on inflation, we need to factor that into rates
<ul><li>Goods price inflation is back to normal and surprising progress on services inflation too</li><li>Says they need to see more progress on housing inflation</li><li>When the unemployment rate goes up, it tends to go up rapidly; we haven't had that</li><li>We're coming into 2024 in a mu
Canada November retail sales -0.2% vs 0.0% expected
<ul><li><a href="https://www.forexlive.com/news/canada-october-retail-sales-07-vs-08-expected-20231221/" target="_blank" rel="follow">Prior </a>month +0.7% (revised to +0.5%)</li><li>The November advance estimate was 0.0%</li><li>Retail sales for October +0.7% vs +0.8% ex
Divergent North American consumers are the focus of the economic calendar today
<p>Happy Friday.</p><p>The gold bulls are fighting back today but generally the FX market moves are dull.</p><p>The price action could pick up on Bay Street at the bottom of the hour with Canadian retail sales for November due. We also get the advanced December reading. The US retail sales numbers earlier this week wer
Crypto Shines at Davos as ETF Approval Attracts More Fiat Capital
<p>While generalizations are often best avoided, it’s fair to say that a significant number of long-time Bitcoin believers are not fans of Davos get-togethers, or indeed of event organizers the World Economic Forum. This can be put down, in part, to Bitcoin’s origin story as a bootstrapped potential replacement for present banking and finance
Canada’s retail sales falls -0.2% mom in Nov, ex-auto sales down -0.5% mom
<p><img width="531" height="325" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-canada1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p> <p>Canada’s re
Oil flat with Asian markets jacking up local Persian oil prices, while Russian oil reserves are a threat of Ukraine drone attacks
<p> <br /> </p> <div> <p> <br /> <span>Share:</span> <br /> </p> <ul> <li><strong> WTI Oil jumps near 1% after Reuters reported overnight drone attacks in Russia.</strong></li> <li><strong>Belguim is joining US/UK task force to att
Bullish Bitcoin (BTC) Bets Rise as Implied Volatility Slides
<p> <br /> <br /><img decoding="async" src="https://www.coindesk.com/resizer/P1j4mwnwtILVvvrb1XIzoEObGr0=/800×600/cloudfront-us-east-1.images.arcpublishing.com/coindesk/N7KKKYTMMBHLVCXD2UB6W7AHBQ.jpg" /></p> <div> <p>Bitcoin’s implied volatility (IV) peaked with the launch of spot E