The SNB Unexpectedly Cut The Interest Rate By 0.5%
Image Source: The Dow Jones Industrial Average (US30) was down 0.53% on Thursday. The S&P 500 Index (US500) decreased by 0.54%. The Nasdaq Technology Index (US100) fell by 0.68%. The …
Read MoreFinancial
Swiss Central Bank Sent A Massive Warning To The World
Image source: Swiss shock – again. Now fearing outright deflation over the next six months, SNB pulls the trigger on a fifty. Back in March, amidst the “sticky” “inflation” freakout, …
Read More Daily Market Outlook – Friday, Dec. 13
Image Source: Asian markets declined on Friday as some traders expressed frustration over the limited information from a Chinese economic conference, leading to a reduced risk appetite ahead of next …
Read More Gold Prices Recovered, But Future Hinges On USD Trends
Image Source: Gold prices stabilised around 2,690.00 USD per troy ounce on Friday. The quotes fell by almost 1% in the previous session, as investors assessed the latest US economic …
Read More Elliott Wave Technical Analysis – U.S. Dollar/Canadian Dollar – Friday, Dec. 13
USDCAD Elliott Wave Analysis Trading LoungeCurrency Pair: U.S. Dollar / Canadian Dollar (USDCAD)Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 5 Position: Navy Blue Wave 1 Direction for Next …
Read More NZD/USD Slides To Two-Year Low, Closer To Mid-0.5700s Amid Divergent RBNZ-Fed Expectations
Image Source: NZD/USD drifts lower for the fourth straight day and is pressured by a combination of factors. The RBNZ’s dovish tilt continues to weigh on the NZD on …
Read More Canada Sets Goal To Reduce Greenhouse Gas Emissions By 45% – 50% By 2035
The Government of Canada announced a new climate goal, setting a target to reduce greenhouse gas (GHG) emissions by 45% to 50% by 2035, on a 2005 basis.While the government …
Read More Spanish Headline Inflation Spike Is No Cause For Concern
Image Source: Spanish headline inflation jumped to 2.4% in November, largely due to base effects. Core inflation, excluding food and energy, edged down to 2.4% from 2.5%, supporting the notion …
Read More Is Canada A Canary In The Economic Coalmine?
On Wednesday, the Bank of Canada cut its key benchmark rate by 50bps. They have now cut by 150 bps in 2024, compared to what will likely be 100 bps …
Read More Sensex Today Trades Lower; Nifty Below 24,500; SAIL & NMDC Down 3%
Asian markets traded lower on Friday tracking overnight losses on Wall Street after hotter than expected inflation data.Japan’s Nikkei 225 dropped 0.7%, while the Topix declined 0.8%.US stock market ended …
Read More