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Canadian October CPI comes in lower- USD/CAD falls slightly
The November Canadian Consumer price inflation report has just hit the screens. As mentioned earlier this morning, the markets were expecting this data to underscore and endorse the aggressive rate cut seen from the Bank of Canada last week. The monthly rate was expected to drop back to just 0.1%, from 0.4%, but the headline annualised rate was forecast to remain steady, at 2%. The average of all BOC matrix last month was around 2.43%. CPI did not rise at all last month and the annualised rate fell to 1.9%. Ahead of this the USD/CAD had reached a new 2024 high at 1.4297. It was trading around 1.4282 heading into this report. The reaction to it has seen the US dollar not rise. In fact it has just slipped a little. Perhaps this was all priced in at close to 1.43? We shall see as the dust settles. The USD/CAD is right now at 1.4278
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
