The change of government in Canada does not seem to support CAD. The Liberal Democrat Justin Trudeau seems to be emerging as the winner of the parliamentary election in Canada and the loonie came under pressure last nigh…
The change of government in Canada does not seem to support CAD. The Liberal Democrat Justin Trudeau seems to be emerging as the winner of the parliamentary election in Canada and the loonie came under pressure last night. Clearly the announcement of an end to austerity measures is not what the FX market considers to be the correct solution. That makes sense. "If simply spending money could solve economic difficulties (the Canadian economy has been suffering from relatively poor growth for some time under Prime Minister Stephen Harper) no doubt we would have found out about this panacea centuries ago and there would be no more economic difficulties. So the formation of a government will now be key for CAD", says Commerzbank.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
