About: anakin
Recent Posts by anakin
Canada’s GDP surged to 2.6% in Q4, exceeding expectations, driven by household spending and exports.
Canada’s Q4 2024 GDP grew 2.6%, driven by household spending, exports, and investment, with wages rising moderately.
The US Goods Trade Balance for January was worse than anticipated, recording a deficit of $153.3 billion.
US trade deficit widens, EUR/USD stabilises, gold drops, GBP/USD holds gains; focus shifts to payrolls, ECB meeting.
Core PCE matched expectations; personal income increased, while spending on vehicles declined temporarily due to weather.
US core PCE rose 2.6% annually, personal income increased 0.9%, while real personal spending declined 0.5%.
Wholesale inventories in the United States exceeded expectations in January, reporting 0.7% instead of 0.1%.
US wholesale inventories rose 0.7%, EUR/USD stabilised, gold dropped, and key economic events await.
Market awaits US PCE and Canadian GDP, amid Fed rate cut speculation linked to inflation concerns.
The PCE report will reveal inflation trends, influencing Federal Reserve rate decisions, while Canada’s GDP growth is analyzed.
