USD/CAD holds firm after Canada CPI misses forecasts
The Canadian Dollar (CAD) trims part of its earlier gains against the US Dollar (USD) on Monday as traders digest the latest inflation data from Canada.
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The good news about the second-half of December
The S&P 500 is up 0.3% shortly after the open and there is some good news is in the seasonals.
As Ryan Detrick at Carson highlights, the second half of December is when Santa has come, with the average of the past 75 years a 1.4% gain.
This article was written by Adam Button at investinglive.com.
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JPY rises sharply on Tankan Survey, USD/JPY hits 155 – Scotiabank
The Japanese Yen (JPY) strengthened 0.5% against the US Dollar (USD), pushing USD/JPY down to the key 155 level, as investors digested the Q4 Tankan business survey. Technical indicators are turning bearish, with the RSI dipping below 50. -
Fed’s Miran: Prices are “once again stable” and policy should reflect that
- Does not think higher goods inflation is mostly from tariffs, but acknowledges that he does not have a full explanation for it
- Goods inflation could be settling in at a higher level than was normal before the pandemic, but that will be offset by housing disinflation
- Ex housing and non-market based items, core PCE inflation may be below 2.3%, “within noise” of the Fed’s 2% target
Geez, when you need to strip out all kinds of things and cherry-pick only to get to 2.3% and you don’t have an explanation for goods inflation, maybe dissenting for 50 bps isn’t the best course of action.
This article was written by Adam Button at investinglive.com.
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Canada: Inflation Steady in November, With Signs of Cooling in Underlying Measures
Headline CPI inflation for November came in at 2.2% year-on-year (y/y), matching October’s pace and broadly in line with expectations. However, inflation at the grocery store heated up in November, with prices up 4.7% y/y, up from 3.4% in October and the fastest pace of increase in nearly two years. November’s acceleration was driven by […]
The post Canada: Inflation Steady in November, With Signs of Cooling in Underlying Measures appeared first on ActionForex.
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NZD weakens after RBNZ signals cautious policy – BBH
The New Zealand Dollar (NZD) underperformed across G10 currencies after Reserve Bank of New Zealand (RBNZ) Governor Anna Breman dampened market expectations for rate hikes in 2026, BBH FX analysts report. -
GBP edges up ahead of busy UK data week – Scotiabank
The Pound Sterling (GBP) gained slightly against the US Dollar (USD) as markets prepare for a heavy UK data calendar ahead of Thursday’s Bank of England meeting. -
USD/CNH drops below 7.0500, lowest since October 2024 – BBH
USD/CNH fell below 7.0500, marking its lowest level since October 2024, amid weak November real sector data from China. Slower retail sales, subdued industrial production, and a sharper-than-expected drop in fixed asset investment highlight ongoing economic softness. -
3 questions to ask yourself to figure out if you’re ready for a new job, from an HR exec
Stephanie Kramer says her ex-boss at Chanel gave her the framework to figure out if she was ready for a career change. -
EUR steady in mid-1.17s ahead of ECB Thursday – Scotiabank
The Euro (EUR) is steady, trading in a tight range in the mid 1.17s and entering Monday’s NA session with a fractional gain vs. the US Dollar (USD).
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