Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
United States Total Vehicle Sales above forecasts (15.4M) in January: Actual (15.8M)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/CAD rebalances, backslides from 1.3600 after US ISM PMI misses forecasts
Share: USD/CAD flubs 1.3600 once again. Canada Manufacturing PMI recovers but still in contraction. US ISM Manufacturing PMI declined, flaunting forecasts. USD/CAD fumbled the 1.3600 handle on Friday after a worse-than-expected US ISM … [Continue reading]
USD may find it hard to advance significantly – Scotiabank
Share: The US Dollar Index (DXY) is down modestly on the session so far but is heading for a mild gain on the week. Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes Greenback’s outlook. A few more months of data are needed to persuade the … [Continue reading]
XRP surges to $0.62 ahead of key trial in class action lawsuit against Ripple
Share: XRP price climbed to a local peak of $0.62 on Thursday and corrected to $0.59 early on Friday. The Zakinov v. Ripple Labs class action lawsuit has a trial scheduled for April 15, 2024. Key dates in Ripple’s ongoing legal battle … [Continue reading]
Australian Dollar appreciates on higher S&P/ASX 200, a subdued US Dollar
Share: Australian Dollar strengthened in response to the increase in the S&P/ASX 200 Index. Australian share market surged to new record highs, buoyed by gains in Wall Street overnight. Chinese Manufacturing PMI declined to 49.1 and … [Continue reading]
Bitcoin price rally eases as Grayscale calls out SEC for unfair discrimination against its shareholders
Share: Bitcoin price uptrend has lost steam after a rejection from the supply zone between $62,905 and $68,212. BTC could drop 5% to $60,000 as part of a healthy correction to give sidelined investors a buying opportunity. A candlestick close below … [Continue reading]
USD/CAD finds the midrange after Thursday’s US PCE inflation prints at expectations
Share: USD/CAD softer on Thursday, moves are limited. Canada saw a mixed GDP print, and US jobless claims ticked higher. Friday to bring Canadian, US PMIs. USD/CAD rose to an intraday high of 1.3597 before backsliding to 1.3541 after US Personal … [Continue reading]
Breaking: US Core PCE inflation edges lower to 2.8% as expected
Share: Inflation in the US, as measured by the change in Personal Consumption Expenditures (PCE) Price Index, declined to 2.4% on a yearly basis in January, the US Bureau of Economic Analysis reported on Thursday. This reading followed the 2.6% … [Continue reading]
United Kingdom Net Lending to Individuals (MoM) came in at £0.8B below forecasts (£1.9B) in January
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]