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Archives by Year:
USD/CAD Weekly Forecast: BoC-Fed Divergence Favors Bears
The outlook takes a bearish turn in the USD/CAD weekly forecast as the Bank of Canada urges caution, deeming it premature to anticipate rate cuts. Meanwhile, in the US, traders expect rate cuts in 2024 against the backdrop of softer inflation. Ups and downs of USD/CADThe pair had a bearish week as the Canadian dollar strengthened […]
2023 In Review – The Year Of The “Magnificent 7”
As we wrap up 2023, such will mark our 23rd year of publishing this weekly newsletter. Watching it grow from a few readers into a global audience has been amazing. Over the years, we have reported on bull markets, crushing bear markets, financial crises, economic events, and policy changes.It has been a privilege, or rather […]
Market Briefing For Tuesday, December 26
Comfortable markets can lull one into a sense of complacency; and today’s friendly PCE number helps a balanced view about the market and economics going into 2024. The complacency may not be a problem, if ‘war’ is avoided in regards to a possible naval ‘Battle Surface’ engagement in the Red Sea.Overall we have been positive from our indicated decline-conclusion […]
Pound Sterling Eyes More Upside On Upbeat UK Retail Sales, Soft US Core PCE Data
Photo by Colin Watts on Unsplash The Pound Sterling (GBP) extends its recovery on Friday, supported by upbeat UK Retail Sales data for November. The Office for National Statistics (ONS) reported that households’ retail spending surprisingly remained positive compared with the previous year, while market participants projected a sharp decline. Strong Retail Sales were boosted by a 2.8% increase in non-food retail stores as […]
Nigerian Naira And These African Currencies Are Slowly Collapsing
The US dollar has pulled back in the past few months as investors embrace a relatively dovish Federal Reserve. The DXY has retreated to $101.7, down from the year-to-date high of almost $107. It has dropped against key currencies like the US dollar and Swiss franc.USD/NGN vs USD/KES vs USD/AOA vs USD/RWFStill, African currencies are […]
Carbon Capture And Storage: Where It Stands
Photo by Brian Garrity on Unsplash The group of technologies that go under the name of “carbon capture and storage” involve taking carbon out of the air directly. Oddly enough, some interest groups who express the strongest concerns about the risks of climate change often make ambivalent or even negative comments about this technology, I suspect because they […]
Technical Market Report For December 23, 2023
The good news is: The Russell 2000 (R2K) closed at its high for the year on Friday while the other major indices all closed less than 1% off their new highs last week. The NegativesThe market is overbought. The PositivesSeasonality for next week is positive.The first chart covers the last 6 months showing the S&P 500 […]
USDX Weekly Technical Analysis – Saturday, Dec. 23
Key moments in the USDX week ahead forecast:[0:00] – Intro[0:08] – USDX analysis of this weekVideo length 00:05:24More By This Author:USDX Weekly Technical Analysis – Saturday, December 16 US30 Week Ahead Forecast – Saturday, December 16 XAUUSD GOLD Analysis Today & XAUUSD GOLD Week Ahead Forecast – Saturday, December 16
USD/CAD Remained Weak Below 1.3300 After Canadian, US Data
Image Source: Unsplash The US dollar remained stuck at multi-month lows after weak US PCE Inflation. US Durable Goods orders beat expectations, easing bearish pressure on the US dollar. Canadian GDP contracted unexpectedly in October. The US dollar maintained its bearish tone against the loonie on Friday. The mixed US macroeconomic figures appeared to have offset the weak Canadian Gross […]
Hooray! Inflation Supposedly Went Negative In November, But How Does It Feel?
Image Source: PixabayThe Fed’s preferred measure of inflation, the PCE price index, went negative for the month. Let’s discuss.PCE Data from BEA, CPI and Rent from BLS, chart by Mish Chart Notes The BEA reported that the Personal Consumption Expenditures (PCE) Price Index fell 0.1 percent. More accurately, PCE fell 0.07 percent rounded to 0.1 percent. […]
