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Summary United States: Inflation’s Downward Trend Remains in Place Inflation continues to cool. Although rising energy prices drove a hotter-than-expected change in the headline CPI, the core CPI was up 3.9% year-over-year in December, bringing the annual change below 4% for the first time in two and a half years. A soft PPI print in […]

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Canadian Inflation Likely Ticked Up in December But Easing Trend to Continue

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12/12/2023

November CPI: Moving on to 2024

Summary The November CPI report was relatively uneventful. Falling gasoline prices and modest food inflation restrained the headline CPI to just a 0.1% increase in the month. Excluding food and energy prices, core CPI was up 0.3%, in line with consensus expectations. Core goods prices continued to decline even as the drivers of the dip […]
04/03/2024

CADJPY Wave Analysis

CADJPY reversed from key support level 110.30 Likely to rise to resistance level 112.00 CADJPY currency pair recently reversed up from the key support level 110.30 (former strong resistance from January). The support level 110.30 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the previous upward impulse 1 […]
07/12/2023

AUD/JPY Analysis: Rate Falls to Important Support

This morning, the AUD/JPY rate dropped below 95.2 yen per Australian dollar for the first time since late October. The weakening of the AUD was contributed by: → negative news regarding the Chinese economy. The Hang Seng Index set its 2023 low yesterday; → Australian GDP data published yesterday, which is growing at a weaker-than-expected […]