Month: June 2018

Forex news for NY trading on June 29, 2018 In other markets: Spot gold is trading up $4.90 or 0.30% at $1253.14. Last week, the price closed at $1270.56  For the month, the price is down from $1298 WTI crude oil futures are trading up $.87 or 1.18% at $74.32. The end of May close
Canada unveils final list of retaliatory tariffs against US Chrystia Freeland, the Canadian Foreign Minister says: target items like metals, chocolate, dishwashers Steel to face 25% tariff, aluminum and consumer goods to face 10% tariff Canada terrorists remain in place until US taps are canceled confirms retaliatory tariffs on C$16.6B of US products tariffs on
Highlights of the Bank of Canada’s Q2 2018 business outlook survey Prior future sales was +16% Some moderation in expectations for sales growth Capacity pressures rose, with firms citing significant difficulty in meeting an unanticipated increase in demand Labor shortage indicators point to tighter labor markets, firms say shortages more intense than 12 months ago
Ok, I am not just blowing my own trumpet (although I am enjoying doing it) , I am also wanting to flag up the importance of following market fundamentals as the driver in price. Many of our regulars are hardened market participants, but for those just entering into the markets  I hope that this lesson
Prior week 218K The weekly US initial jobless claims came in at 227K versus 220K expected. Prior week remains at 218K Continuing claims 1705K versus 1717K expected.  Prior week revised up to 1726K from 1723K.  The 4-week moving average was 1,719.5k, a decrease of 3,750 from the previous week’s revised average.  This is the lowest level