Author: FX

Westpac Leading Index, in brief:Leading Index has moved into positive territory, from –0.20% in September to +0.26% in October.This provides a tentative signal that growth momentum is set to improve from its current nadir.Improvements mostly centred on components related to consumer sentiment and commodity prices. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

With few big reports to price in, the U.S. dollar struggled as escalating Russia-Ukraine tensions initially lifted demand, but falling Treasury yields and weak U.S. housing data erased gains. Gold and crude oil rallied on geopolitical worries, while improving risk sentiment later in the session pushed equities higher and drove bitcoin to fresh record highs. How did your favorite assets trade on Tuesday? We have the deets below! Headlines: RBA meeting minutes: The cash rate is appropriate, but core measure of inflation remains elevated, highlighted offshore risks related to US policy and China’s stimulus Switzerland trade surplus jumped from 4.94B…

Helium Evolution GAAP EPS of C$0.00 Source link

Canada’s headline inflation rate bounced back in October, with the Consumer Price Index (CPI) rising to 2.0% year-over-year, up from September’s three-year low of 1.6%. Turned out, the return to the Bank of Canada’s (BOC) target rate was primarily driven by a smaller decline in gasoline prices. On a monthly basis, the headline CPI increased 0.4% in October, reversing September’s 0.4% decline. Core CPI jumped by 0.4%, much higher than September’s 0.0% and the expected 0.1% uptick. Link to Canada’s Consumer Price Index Report (October 2024) Meanwhile, BOC’s preferred core measures also showed broad accelerations: Trimmed CPI increased to 2.6%…

Mexican Peso stages a comeback, reversing earlier losses driven by brief escalation in Russia-Ukraine conflict. Banxico Governor Victoria Rodriguez Ceja indicates the potential for continued rate cuts. Mexico’s 2025 fiscal budget viewed as optimistic, based on growth targets of 2-3% amid concerns over public spending cuts. The Mexican Peso advanced against the US Dollar during the North American session on Tuesday, yet it recovered some ground after the USD/MXN hit a daily high of 20.34 due to risk aversion. A brief escalation of the Russia-Ukraine conflict was the main reason that pushed the pair higher, yet the Mexican currency staged…

By Jason Lange WASHINGTON (Reuters) – Americans see inflation as the leading issue President-elect Donald Trump should tackle during his first 100 days in office, according to a Reuters/Ipsos published on Tuesday. Some 35% of respondents in the three-day poll, which closed on Sunday, picked inflation as the area Trump should focus on, compared to 30% who said immigration and 27% who said jobs and the general economy. Another 23% said Trump, who will be sworn into office on Jan. 20, should focus on unifying the country. Smaller shares said he should focus on taxes, crime or foreign conflicts. A Republican,…

Today we saw a stronger-than-expected Canadian CPI print, potentially setting up CAD/CHF for a continued upside move in the short-term. With headline inflation jumping to 2.0% versus 1.9% expected, and core measures also running hotter, the odds of another BOC rate cut in December appear to be diminishing rapidly. Let’s examine how we may theoretically structure a trade plan around this development. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source…

The Kansas City Fed Pres. Schmid is back on the wires saying: Rates are still somewhat restrictive, but not overly soThe coming tariffs, immigration policies will be relevant to the Fed if the impact employment and inflationthe inflation fight is not done yetOnce again, not much . Meanwhile, US stocks extend their gains with the NASDAQ index now up 1% on the day. The index is up 187 points or 1.0% and 18980.00.By the way the high closing level 19298.76 reached on November 11 . The price is still over 300 points away, but getting closer.Shares of Nvidia are trading…

Starlight U.S. Multi-Family reports Q3 results Source link

USD/CAD has reached our end of year target of 1.40 and we fully expect the pair to reach the 1.42 level we highlighted for Q1, Rabobank’s FX analysts Molly Schwartz and Christian Lawrence note. USD/CAD likely to reach 1.46 next year “That said, given two main drivers we outline below, we now expect further extension to the upside with USD/CAD likely to reach 1.46 next year, just shy of the highs from 2016 and 2020.We have seen a decrease in USD/CAD correlations of late but fully expect a resumption of interest rate differential driven moves in 2025.” “Our proprietary FX…