DJ30 buys from 35100

GBPJPY at the resistance level for sells

Breakout of Falling Parallel Channel

Rising Wedge

United States Fed Barr Speech

United States API Crude Oil Stock Change

The Canadian dollar climbed past the 1.36 per USD level in late November, marking a two-month high as speeches by Fed officials reinforced expectations of rate cuts in 2024, leading to a USD sell-off. Conversely, disinflation in Canada, coupled with stronger consumer spending, heightened risk appetite and bolstered the Canadian currency. In October, inflation in Canada fell more than anticipated to 3.1%, softer than the Bank of Canada’s forecast of around 3.5% through the middle of next year. Additionally, retail sales grew by 0.6% in September, surpassing estimates. Meanwhile, expected delays in the OPEC+ meeting to decide production policy led to a slight recovery in oil futures, further supporting demand for the loonie.

Canadian Dollar Strengthens to 2-Month High

The Brazilian economy added 190.37 thousand formal jobs in October of 2023, firmly above market expectations of 123.4 thousand to mark the tenth consecutive period of net job creation. The result was also a considerable increase from the 159.5 thousand growth in the corresponding period of the previous year, in line with the historically tight labor market in the Brazilian economy and removing the urgency for the central bank to continue cutting its interest rate.

Brazil Economy Adds More Jobs than Expected

Platinum increased to a 4-week high of 941.2 USD/t.oz

Platinum Hits 4-week High

The IBEX 35 index managed to close at 10,003 points on Tuesday, a new high since February 2020, while other European stock markets displayed a mixed performance. Within the Spanish selective, the main support came from Merlin (+4%), after Goldman Sachs upgraded its recommendation on the stock to "buy" from "neutral" and raised its target price to €10.2 from €8.3. Also, the financial sector advanced solidly due to an improvement in the valuation of several banks by JP Morgan and Morgan Stanley. On the negative side,  Grifols (-1.8%), Solaria (-1%) and Naturgy (-0.8%) were the most bearish. Meanwhile, investors assessed remarks from  ECB and the Federal Reserve officials, while awaiting key economic data from Europe, US and China later in the week.

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Most latest news, events and ideas for smart decisions

DJ30 buys from 35100

GBPJPY at the resistance level for sells

Breakout of Falling Parallel Channel

Rising Wedge

Latest News

Canadian Dollar Strengthens to 2-Month High

Brazil Economy Adds More Jobs than Expected

Platinum Hits 4-week High

Spain Stocks Surpass 10,000 Mark

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United States Fed Barr Speech

United States API Crude Oil Stock Change

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Latest Ideas

DJ30 buys from 35100

GBPJPY at the resistance level for sells

Breakout of Falling Parallel Channel

Rising Wedge

Latest News

Canadian Dollar Strengthens to 2-Month High

Brazil Economy Adds More Jobs than Expected

Platinum Hits 4-week High

Spain Stocks Surpass 10,000 Mark

Upcoming Events

United States Fed Barr Speech

United States API Crude Oil Stock Change