German Factory Orders Plunge 5.4% And Retail Sales Defy Expectations For A Gain
The US dollar is mostly firmer today. Underlying sentiment is constructive, and yesterday's JOLTS and ISM reports were stronger than expected, playing on the American exceptionalism meme.
The Commodities Feed: China Adds To Gold Reserves
Oil prices moved higher yesterday with sentiment remaining supportive. Meanwhile, China’s central bank added to its gold reserves for a second month in December.
Bitcoin Outflows On Binance Suggest Growing Accumulation–Bullish Momentum Ahead?
After weeks of fluctuating performance, Bitcoin is once again in the spotlight as on-chain data highlights critical trends emerging from Binance, the world’s largest cryptocurrency exchange.
Credit Spreads Send A Warning For Stock Investors
Stocks are close to the most overvalued against corporate credit and Treasuries in about two decades.
Elliott Wave Technical Analysis: WTI Crude Oil - Wednesday, Jan. 8
WTI continues the minor recovery from September and may reach $80 in the coming days.
Is USD/JPY Set for Seasonal Gains On Q1?
With a history of seasonal strength during this period and the yen under pressure from both domestic and international factors, USD/JPY appears poised for gains.
Two Trades To Watch: DAX, USD/JPY Forecast - Wednesday, Jan. 8
DAX rises for a third session despite weak data. USD/JPY rises on USD strength ahead of Fed minutes & ADP payrolls.
German New Orders And Retail Sales Data Confirm Picture Of Light Winter Recession
November retail sales and industrial orders data confirm our view of a light winter recession in Germany.
AUD/USD Forex Signal: Bearish Flag Points To More Sell-Off
The AUD/USD pair moved sideways ahead of the upcoming US jobs data, Federal Reserve minutes, and a statement from Christopher Waller. It was trading at 06242, a 1% drop from this week’s high of 0.6300.
Inflationary Pressures Are Rising In The Eurozone
Eurozone inflation rose to 2.4% in December from 2.2% in November, thanks to a rise in the cost of services and energy prices, which was in line with expectations.
Current Report: ITFOR Inc.
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EUR/USD Analysis: Ahead Of Fed Minutes
During yesterday's trading session, the EUR/USD pair attempted to rebound upwards, but its gains did not exceed the 1.0435 level before settling back down around 1.0335 at the time of writing this analysis.
USD/CAD Price Analysis: US Data Backs A Slow Fed Easing Cycle
US job openings unexpectedly rose to 8.10 million in November. The US ISM services PMI increased to 54.1, above forecasts of 53.5.
Canada’s Prime Minister Justin Trudeau announced plans to resign.