Sabi

Photo: Australian bushfires “How can we sleep while our beds are burning” are the lyrics from a Midnight Oil song, a popular band in the land down under. Now, it feels like those words are a prophecy, with many Australians having lost their homes in the country’s worst-ever bushfire season on reco

Gold consolidated the recent sharp slide to one-week lows. Investors now seemed reluctant ahead of the US jobs report. Gold extended its sideways consolidative price action on Friday and remained well within the striking distance of weekly lows set in the previous session. The de-escalation of geop

USD/JPY trades positive near the two-week high, on a five-day winning streak. Bullish engulfing on the weekly chart confronts 109.48/52 resistance confluence. 200-week SMA adds to the resistance. USD/JPY takes the bids to 109.55 during the initial trading session on Friday. In doing so, the pair re

Analysts at TD Securities are looking for the labour market to recover a portion of the 71k jobs lost in November, with Canadian employment forecast to rise by 25k in December. Key Quotes “While outsized pullbacks in LFS employment are typically followed by meanreversion, there are few instances whe

Andrew Hanlan, analyst at Westpac, notes that Australia’s trade surplus has rebounded to $5.8bn, from $4.1bn in November. Key Quotes “In November, the trade surplus widened to $5.8bn, up from $4.1bn (downgraded from $4.5bn).” “This was an upside surprise (market median $4.1bn and Westpac $4.3bn).” “