The one-year oil curve fell into contango today, as prices from the first month continued to…
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US: LABOR MARKET REMAINS FAR TOO HOT FOR THE FED’S LIKING – WELLS FARGO
The US dollar pared weekly losses after the release of a US jobs report that showed…
Continue ReadingCANADA: NO BIG SURPRISES IN THE EMPLOYMENT REPORT, BOC TO HIKE BY 50 BPS NEXT WEEK – CIBC
On Friday, Canada’s employment report showed better-than-expected numbers. The loonie fell against the US dollar but…
Continue ReadingIs there more to the jobs picture? The household survey has been flat since March
The US dollar gave back most of its gains and the initial frenzy over the non-farm…
Continue ReadingWTI Crude Oil Forecast: Looks Tired
On the other hand, oil certainly has a lot of resistance in the form of the…
Continue ReadingOther markets aren’t confirming the move in equities
The SandP 500 is up 2.1% and the Nasdaq is up 2.5%, both session highs. This…
Continue ReadingNew session lows for the lows for the AUDUSD. What next?
AUDUSD hit a weekly high on Monday as the pair rallied but stalled against the channel’s…
Continue ReadingUSD/JPY is testing the pivotal 145.00 zone after non-farm payrolls
Even the richest governments in the world do not have the power to fight against the…
Continue ReadingUS economic strength is on full display
Europe has stalled, Asia is slowing and Australia has stumbled, but the US economy remains superior.…
Continue ReadingQ3 2022 will go down in history in the US stock market, but not in the way investors would like
The S&P 500 closes the quarter lower, although it gained 14% in its first half, from…
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