Blogs

USD/CAD seen at 1.30 at year-end – Reuters poll

Forex

<p>The poll shows that analysts are seeing USD/CAD fall to 1.30 by year-end, although not before touching 1.34 in three months' time. Scotiabank notes that: "We think rate cuts are probably going to come a little bit earlier, maybe a little quicker in the US relative to much of the rest of the world. Some […]

Equities can't get off the floor in trading this week

Forex

<p>European indices are down roughly 1% now as stocks are struggling to stay afloat once again. The push lower comes as 10-year Treasury yields are at session highs, up 4.7 bps to 4.038% as bond sellers look to validate a break above the 4% mark on the week. US futures are also struggling, gradually moving […]

UK December construction PMI 46.8 vs 46.0 expected

Forex

<ul><li>Prior 45.5</li></ul><p>UK construction activity declined once again in December but at least this is the slowest-paced one in four months. House building (41.1) remains the weakest sub-sector with commercial (47.6) and civil engineering (47.0) also still reflecting a decline in activity. The good news at least

What does 2024 hold for the cryptocurrency market?

Forex

<p>Despite many predictions, Bitcoin failed to break the $100,000 barrier last year. However, it would be wrong to say that the previous 12 months have been bad for the sector.</p><p>Even with <a href="https://www.forexlive.com/Education/coinbase-stock-is-there-life-after-secs-lawsuit-20230614/" target="_blank&qu

Germany December construction PMI 37.0 vs 36.2 prior

Forex

<p>This is still a very poor reading as it still reflects that the German construction sector remains deep in contraction territory to end the year. Employment is also cut and that could feed further into labour market weakness going into this year, especially if manufacturing conditions remain in recession as well. Housing activity may show

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