USDCAD Retains Bullish Bias Above 20-day SMA

US headline inflation fell to 3.1% as expected, thanks to an almost 9% fall in gasoline prices since last year, although shelter inflation – which is where everyone sees the biggest potential for easing – remained sticky yet another month. Core inflation eased to 4% on a yearly basis, BUT headline inflation was slightly higher-than-expected […]

Gold has hit all-time highs on each of the last six trading days. Thursday’s touch of $2685 followed the strongest selling momentum since 18th September, when initial profit-taking expanded following the release of strong GDP growth estimates. Short-term intraday profit-taking is both fuel for further gains and a sign of uncertainty at this stage of […]

Markets A slew of European data hit the wires today and after wrapping up this report some more are scheduled for release in the US (JOLTS, consumer confidence). GDP Q2 growth numbers were due in Hungary and the Czech Republic (see below), in core countries including Germany & France and the European periphery (Spain & […]