Dollar slips lower and heads for weekly loss; payrolls offers little support
Dollar slips lower and heads for weekly loss; payrolls offers little support
Source link
Dollar slips lower and heads for weekly loss; payrolls offers little support
Source link
The Canadian dollar continues to have a quiet week. In the North American session, USD/CAD is trading at 1.3920, down 0.21% on the day. Canadian CPI eases to 1.7%, core CPI higher Canada released the April inflation report, which indicated that headline and core inflation were moving in opposite directions. Headline CPI dropped sharply to…
JPMorgan Chase (JPM) trades at $301.42, testing a breakout zone near its 52-week high. This level signals strong bullish momentum. The stock remains above its 50-day and 200-day moving averages by 3.39% and 15.00%, respectively. Investors continue to show confidence in JPM’s earnings and strategic direction. Despite macro uncertainty and policy shifts, the bank maintains…
The USDCAD market has been retracing higher price levels for an extended period. This seems to be a result of the US dollar being stronger than its Canadian counterpart ever since. However, price action saw a mild result as a result of the cautious mood ahead of the Fed’s monetary policy statement. Key Price Levels:…
A theme that had been building throughout this entire year was how a compromised Federal Reserve independence, combined with a more isolationist US policy (and de-globalization), would send the US dollar into shambles. In fact, this theme has been a favorite for Market enthusiasts, particularly as a compromised US dollar would participate in a rewiring…
Chinese inflation data, both CPI and PPI, for August 2024. The m/m PPI is -0.7% (prior -0.2%) The CPI is a slight miss on both the y/y and m/m. But the PPI is a shocker of a miss on both. Real rates in China re weighing on demand. And yet the People’s Bank of China…
Starmer refuses to commit to giving MPs vote on any potential trade deal with US Ed Davey, the Lib Dem leader, says he asked last week for a vote on any trade deal with the US, and Starmer did not answer last week, or when Clive Jones asked the question earlier. Starmer says any deal…