The Canadian Dollar (CAD) hit a bit of a soft patch on Friday, kicking off the first trading day of 2026 on the back foot. The Loonie is one of the worst performers for the day, shedding weight against all but one of its major currency peers. Despite a steady note of overall weakness to…
The first full trading week of 2026 marks a sharp transition from the quiet holiday season to a busy schedule of critical economic reports. Market participants are moving on from a strong year where major US stock indexes rose between 16% and 20%, now facing an economy that feels unstable and uneven. The coming week…
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Hackers have drained hundreds of cryptocurrency wallets across multiple Ethereum Virtual Machine (EVM) blockchains in a suspected ongoing exploit that investigators say remains unresolved. On-chain analyst ZachXBT reported that the coordinated attack has already led to more than $107,000 in stolen user funds, with losses continuing to mount. . @zachxbt : It appears hundreds of…
Labour market data will be back in focus next week with the dual release of Canadian and U.S. December employment reports on Friday, the first major Canadian data release of 2026 and an important input ahead of the Bank of Canada’s January policy decision. After a series of firmer-than-expected labour market prints through the fall,…
US PMI Manufacturing was finalized at 51.8 in December, easing from November’s 52.2 and marking the weakest expansion in the current five-month growth stretch. While activity remains in growth territory, the slowdown points to fading momentum as the sector heads into 2026. According to S&P Global Market Intelligence, output continued to rise in December, implying…
The US jobs report will be the main economic release next week, with other US data including the ISM indices and consumer sentiment. Elsewhere, the focus will be on inflation in Europe and China, whilst wage data is due in Japan, Deutsche Bank’s economists report. Europe and China inflation in focus “In the US, the…
GBP/USD dips below 1.3450 following final UK manufacturing PMI data The Pound has been rejected at 1.3475 on the early London trading session on Friday, and retreated to session lows at the 1.3450 area at the time of writing. The pair has turned negative on the daily chart following the downward revision of the UK’s…
Sector Overview The stock market witnessed a notable rally today, with the semiconductor sector leading the charge. Key players like Nvidia (NVDA) and Advanced Micro Devices (AMD) surged by 2.02% and 3.63% respectively, reflecting robust investor confidence in tech hardware advancements. 🚀 Technology: Broad gains were observed with companies like Oracle (ORCL) and Palantir (PLTR)…
Gold retreated sharply from the $4,400 area and trades flat for the day in the $4,320 price zone. Choppy trading conditions exacerbated the intraday decline, although XAU/USD bearish case is out of the picture, considering growing expectations for a dovish Fed and persistent geopolitical tensions. Source link