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Canada: Retail sales data could mean a weaker than expected December GDP – CIBC

Canada: Retail sales data could mean a weaker than expected December GDP – CIBC

Data launched on Friday confirmed an extend in November retail income in Canada of 0.7%, under the 1.2% of market consensus. Analysts at CIBC, factor out the boost was once modest in November, and warn…

Market News
Sources: PBOC to lower interest rates on Standing Lending Facility (SLF) – Reuters

Sources: PBOC to lower interest rates on Standing Lending Facility (SLF) – Reuters

Reuters rates nameless sources to sign the People’s Bank of China’s (PBOC) similarly movements in the course of early Friday. Key quotes China central financial institution to decrease activity quotes on Standing Lending Facility for…

Market News
AUD Price Analysis: Consolidation in play, 0.7150 eyed while below 0.7230, daily support is key

AUD Price Analysis: Consolidation in play, 0.7150 eyed while below 0.7230, daily support is key

As per the prior analysis, AUD/USD Price Analysis: Inverse H&S in the making from 0.7200 support, AUD/USD is on the verge of both a smash to the upside of a run under integral each day…

Market News
China data beats expectations besides Retail Sales miss, AUD/USD holds around 0.7200

China data beats expectations besides Retail Sales miss, AUD/USD holds around 0.7200

The Gross Domestic Product (GDP) launched by using the National Bureau of Statistics of China has been launched as follows: China GDP (YoY) Q4 4.0% (est 3.3%; prev 4.9%). China Q4 2021 GDP 1.6% QoQ.…

Market News
EUR/USD Price Analysis: Bulls eye an extended rally towards monthly targets

EUR/USD Price Analysis: Bulls eye an extended rally towards monthly targets

EUR/USD meets indispensable resistance and should be on the verge of a correction. The bears will be searching for a restest of the 1.1400 area. Bulls have their eyes on longer-term 1.17 vicinity as a…