A postal worker wearing a Santa hat, sorts through mail and packages during a media tour hosted by the US Postal Service at the Los Angeles Processing and Distribution Center, the largest in the country, equivalent to 29 football fields, on November 30, 2023. Frederic J. Brown | AFP | Getty Images Private sector job
Month: December 2023
Bitbuy and Coinsquare, two of the largest crypto exchanges domiciled in Canada, have surpassed $1 billion CAD in assets ($736 million) under management. According to the Dec. 6 announcement by parent company WonderFi, the two entities currently hold $1 billion CAD in clients’ cash and digital asset deposits, up from $695 million ($512 million) the
Share: The Bank of Canada (BoC) opted to maintain its key interest rate at 5% on Wednesday, for the third consecutive decision, as widely expected. According to the BoC the latest data “suggest the economy is no longer in excess demand”. The tone of the statement hints at no rate hikes ahead. The BoC said
The Bank of Canada interest rate decision will be announced at 10 AM ET. Adam has a preview that you can read here. It is my job to show the technicals that are in play and looking at the price action, there is some reluctance to get too bullish or too bearish technically ahead of
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Glitter in gold is rising by the day riding on the greenback’s weakness and falling bond yields as Street gets convinced of the likelihood of interest rate cut by the Fed sooner than later. MCX February gold futures were trading at Rs 62,245 at the opening time, up Rs 60 or 0.10% from Tuesday’s closing
Euro and Sterling are falling broadly in European session today, a trend largely driven by notable decrease in benchmark yields in Germany and the UK. German 10-year bund yield has reached its lowest point since June. Simultaneously, UK 10-year gilt yield has dipped below 4% mark for the first time since May These movements in
A member of the public walks through heavy rain near the Bank of England in May 2023. Dan Kitwood | Getty Images News | Getty Images LONDON — The Bank of England on Wednesday warned that although household finances are faring better than expected, higher borrowing costs have yet to fully feed through to the
Share: NZD/USD is rebounding above 0.6150 early Wednesday. Renewed US Dollar weakness is supporting the Kiwi amid a mixed mood. Focus shifts to US ADP Employment Change data for fresh impetus. NZD/USD is staging a solid comeback. Heading toward 0.6200 in the Asian session on Wednesday. The pair is witnessing a relief rally after two
The NZDUSD on Monday peaked right near the high from the last time the price was at the levels on July 31 near 0.6221 (see blue numbered circle on the chart below). NZDUSD falls to test support swing era Willing sellers in the NZDUSD leaned against the level and have since pushed the price lower
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices steadied on Wednesday, as the dollar levelled with bets for an interest rate cut by the Federal Reserve in the first half of 2024, ahead of key U.S. jobs data this week that could offer more clarity on the central bank’s rate path. FUNDAMENTALS * Spot gold edged up 0.1% at $2,020.39 per
Today’s Asian session saw broad decline in Australian Dollar, along with New Zealand and Canadian Dollars. This pattern suggests a shift towards risk aversion among investors, a sentiment echoed by the performance of major Asian stock indexes. Hong Kong stocks, in particular, continued their recent down trend, reaching new lows due to disappointing earnings results
Job openings tumbled in October to their lowest in 2½ years, a sign the historically tight labor market could be loosening. Employment openings totaled a seasonally adjusted 8.73 million for the month, a decline of 617,000, or 6.6%, the Labor Department reported Tuesday. The number was well below the 9.4 million estimate from Dow Jones
The United States Securities and Exchange Commission (SEC) has delayed its decision on whether to approve or disapprove of a spot Ethereum exchange-traded fund, or ETF, offering from asset manager Grayscale. In a Dec. 5 notice, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule
Share: NIO grew deliveries by leaps and bounds in the third quarter on rising SUV sales. Job openings declined in October, while the November ISM Services PMI showed expansion. Nio bests consensus on earnings but misses revenue expectations for Q3. Chinese EV maker guides for deliveries between 47K and 49K in Q4. Nio (NIO)
The Reserve Bank of Australia kept rates unchanged at 4.35%. However, instead of being more hawkish, the central bank was perceived to be more dovish. That helped to send the AUDUSD lower. Technically, the price broke below its 200-hour moving average (green line in the chart below) at 0.66089. The 200-day moving average gave traders
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not