Inflation in Canada rose at a stronger pace than expected in September. USD/CAD stays in the negative territory around 1.2350. Annual inflation in Canada, as measured by the Consumer Price Index (CPI), advanced to 4.4% in September from 4.1% in August, the data published by Statistics Canada revealed on Wednesday. This reading came in higher
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Yen continues to be under selling pressure, following the strong rally in US stocks overnight. Yen is additionally weighed down by rally in treasury yields. New Zealand Dollar is leading commodity currencies higher, while Australian and Canadian Dollars are also strong. Euro and Sterling are mixed for the moment, with Sterling having a slight upper
What levels are in play for some of major currency pairs EURUSD: The EURUSD trended higher in the Asian and into the European session and in the process moved above the high from last week at 1.16238 and the high from October 4 at 1.1640. However, the pair stalled at 1.16687 which was a few pips short of the
For the m/m no change, 0% (vs. prior +0.2%) The heightened concerns over the property sector kicked off by Evergrande’s debt repayment woes led to fewer bids for homes in China in September. Weighing on the figures somewhat for the September month. ADDED … to another decimal place the result is -0.08% m/m for new
Gold prices edged lower on Wednesday as surging U.S. bond yields dented the metal‘s appeal and bets for upbeat corporate earnings lifted risk-on sentiment. FUNDAMENTALS * Spot gold dropped 0.1% to $1,767.71 per ounce by 0100 GMT. The metal rose as much as 1.2% on Tuesday before giving up most of those gains as Treasury
People wearing face masks walk in front of a big Euro sign in Frankfurt am Main, western Germany, as the European Central Bank (ECB) headquarters can be seen in the background on April, 24, 2020. Yann Schreiber | Getty Images LONDON — A substantial portion of investors expect the U.S. Federal Reserve and the European
In this article NFLX Co-founder and director of Netflix Reed Hastings delivers a speech as he inaugurates the new offices of Netflix France, in Paris on January 17, 2020. Christophe Archambault | AFP | Getty Images Netflix is set to report third-quarter earnings after-the-bell on Tuesday. Here’s what analysts are expecting: Earnings per share (EPS):
AUD/USD consolidates recent gains near three-month high, refreshes intraday low of late. Aussie Westpac Leading Index recovers in September but risk-on mood fades and challenge the bulls. US Treasury yields refresh five-month high, S&P 500 Futures stay directionless. PBOC interest rate decision, risk catalysts are the key amid a light calendar day. AUD/USD drops to
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Selling in Dollar and Yen persists again today. New Zealand Dollar is currently the biggest winner, on increasing expectation of RBNZ rate hikes. While Aussie is also strong, Sterling is slightly stealing the show too, with help from renewed buying against Euro. The cautious comments from ECB policymakers are not giving much support to Euro,
Social media giant Facebook has tapped Coinbase and Paxos for its forthcoming Novi digital wallet project, which kicked off its pilot testing phase in the United States and Guatemala on Tuesday. Beginning Oct. 19, a small cohort of users in both countries will be able to download the Novi digital wallet app on iPhone or
The September high for the NZDUSD comes in at 0.71694 The NZDUSD has been trending sharply to the upside today, continuing its surge over the last four trading days in particular. The run today saw the price extend above its 200 day moving average at 0.70972. Yesterday the price did move above that moving average level briefly but backed
GBP/USD up 89 pips to 1.3813 today MUFG Research discusses GBP outlook and maintains a bearish bias into year-end. “The UK rate market moved to price in more front loaded rate hikes from the BoE following the hawkish comments from Governor Bailey over the weekend,” MUFG notes. “However, we are still sticking to our view
New Delhi: Gold in the national capital on Tuesday rallied by Rs 256 to Rs 46,580 per 10 gram in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,324 per 10 gram. Silver also jumped Rs 188 to Rs
A worker carries lumber as he builds a new home in Petaluma, California. Getty Images Rising interest rates will result in a sharp drop in refinance demand in 2022, meaning a lot less business for mortgage bankers, according to the Mortgage Bankers Association’s just-released annual forecast. It predicts total origination volume will drop 33% to
Fresenius Medical Care is a German healthcare company. It is one of the four divisions of Fresenius SE & Co. KGaA. The company provides kidney dialysis services and treats end-stage renal disease. Today, it has a 38% share of the dialysis market in the US. Fresenius Medical Care operates 45 production sites, mainly in the
Dollar’s selloff resumes in Asian session today, while Yen is also trading lower. Risk-on markets in Asia lift New Zealand and Australian Dollar. European majors are mixed for the moment, with Euro trying to recover against Sterling and Swiss Franc. The economic calendar is rather light today, and focuses will mainly be on the development