The Canadian dollar continues to tread in choppy waters, as it trades slightly above the symbolic 1.25 line. The week will wrap up with Canada releasing retail sales, the primary gauge of consumer spending. For November, the headline reading is expected to slow to 1.2% y/y (1.6% prior) and core retail sales are forecast to […]

The Canadian dollar has posted slight gains and has pushed USD/CAD back below the 1.25 line. Canadian inflation hits 30-year high Investors are getting accustomed to seeing headlines that inflation has surged to 30-year highs. First, it was US inflation, followed by the UK just this week, and now Canada has joined the club of […]

America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse” and he published a report on the issue and blamed excessive […]

The British pound is in positive territory after falling for three straight days. GBP/USD has pushed above the 1.36 line and is trading at 1.3635 in the North American session, up 0.27% on the day. UK inflation hits 30-year high Anyone reading the news has seen plenty of headlines screaming “US inflation hits 30-year high!”. […]

One of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Labor Department’s data published on Wednesday indicated that the consumer price index (CPI) rose to 7% in December. This represents the largest annual jump since 1982. Federal Reserve governor Lael Brainard is set to tell congressional leaders […]

Canadian dollar climbs despite high US inflation The Canadian dollar has extended its gains for a third consecutive day. USD/CAD has dropped 0.15% on the day, enough to push the pair below the 1.25 level, which has psychological significance, for the first time since mid-November. It has been an excellent week for the Canadian dollar, which […]

Bloomberg analyst believes Bitcoin’s rising value is bad for commodities, citing copper as an…

The post Bitcoin’s endurance suggests unlikelihood of ‘supercycle’ for commodities, says strategist appeared first on Coin Journal.

It’s been a rollercoaster start to the year and as we head into earnings season, it’s hard to say exactly where investors stand. Blocking out the January noise is one thing but it’s made far more complicated by omicron, inflation, and the rapid evolution of monetary policy. Yesterday’s reaction to the inflation data was a […]

The New Zealand dollar has posted gains for a third straight day. Early in the North American session, NZD/USD is trading at 0.6886, up 0.56% on the day. The currency is on a tear, rising 1.62% so far this week. Strong risk sentiment boosts New Zealand dollar  There was plenty of anticipation ahead of the […]

US stocks initially rallied after the latest reading of consumer prices showed the biggest gains since 1982, but was nevertheless, in line with expectations.  Wall Street was worried that a much hotter inflation report could have not only cemented four Fed rate hikes this year, but potentially made the May FOMC meeting a possibility for […]