Positive economic data released today pushed Global Equity Markets higher once again. In Canada, a better than expected print on Retails Sales moved the CAD higher as well as month over month figures that published at 1%. In addition, last month’s print was revised upwards as well.
Category Archives: General Forex
US Economic Growth Data Weaker Than Believed
The US economy did return to growth in Q3, bringing a formal end to the US recession (well, at least for the time being), but the figures were lower than first believed.
Dollar Doubts Send Gold To New Record High
Gold has always been the refuge to go to in times of economic worries and doubt. Its value has been imprinted deep into the human psyche since antiquity and the metal has intrinsic worth, finding myriad uses from jewellery through to space exploration.
Technicals and Price Action Agree, EUR/USD Going Down Today
Price action on the daily chart is close to the mental barrier of 1.5000 and each of the four technical indicators is rather high above it’s centerline for the daily chart.
The EUR/USD’s Wild Day will Not Break 1.5000
Three technicals on the EUR/USD are slightly above the centerline. The Bollinger Bands, Full Stochastics, and RSI are saying there is a likely gently down moving trading day in store for the 24th.