News

Analysts at TD Securities are looking for the Canadian labour market to give back 10k jobs in November (market: +10k) on an unwind of election-related hiring that bolstered the October print. Key Quotes “This would represent the second instance of consecutive declines in 2019, following job losses in June/July, which could feed speculation about a
Gold prices fail to extend the latest pullback beyond 200-bar SMA. 50% Fibonacci retracement and the channel’s upper line add to the resistances. Late-November top, channel’s lower line keep declines in check. Gold prices again step back from 200-bar Simple Moving Average (SMA) while declining to $1,475.60 ahead of Friday’s European session. The yellow metal
Australian fund managers interest-rate cuts won’t be enough to combat economic slowdown and the Reserve Bank of Australia (RBA) will have to do quantitive easing (QE) – an unconventional monetary policy in which a central bank purchases government bonds or other securities from the market in order to boost money supply and encourage lending and
The softer risk mood continues to grip at markets ForexLive We’re starting to see an extension of the more risk averse mood in markets now as US traders begin to come in today. S&P 500 futures are down by 0.5% with Treasury yields also being dragged to session lows across the curve now. In turn,
FX Strategists at UOB Group suggested EUR/USD could visit tops above 1.1090 although a move to the 1.1125 level looks unlikely for the time being. Key Quotes 24-hour view: “While we highlighted yesterday that ‘an interim short-term bottom is in place’, we expected EUR to ‘trade sideways’. The sudden surge in EUR came as a
Asian stocks are flashing red following the overnight decline in the US equities.  President Trump is planning to ’restore’ tariffs on steel from Brazil and Argentina.  Nikkei is likely creating a double top bearish reversal pattern on the daily chart.  Asian stocks are reporting losses, tracking the overnight losses on Wall Street triggered by fresh tariffs announced
Brazil government response to restoration of Brazilian tariffs According to sources: Brazilian government is in touch with US trade representatives and other agencies on Trump’s moved to restore tariffs on Brazilian steel and aluminum Brazilian government rejects Trump’s claim that it is manipulating its currency Earlier today Trump restored the tariffs on steel and aluminum from Brazil and
The monthly economic indicators report The New Zealand monthly economic indicators report from the Treasury Department highlighted that growth is likely to miss government forecasts. “On balance, weaker-than-forecast investment and services exports are likely to see overall New Zealand GDP growth fall below Budget forecasts,” the report said. There are some positives as well with