Silver Analysis

GBPUSD prints new lower low, reaches long-term support trendline Technical signals remain discouraging; more sellers wait below 1.2950 GBPUSD is currently in its fourth consecutive week of losses, gradually slipping below the 1.3000 mark for the first time since August. The pair recently hit a new lower low of 1.2943, with technical indicators reflecting persisting […]

Market Picture The cryptocurrency market has not been embarrassed by the lacklustre performance of US equities, gaining 1.8% in the last 24 hours to $3.56 trillion. This is the high of the current week but below the market’s centre of gravity during the consolidation period from 17 to 26 January. The market is still hesitant […]

Summary Canadian economic trends have been mixed, but softer on balance. GDP shrank in Q3 but appears to have rebounded in Q4. Still, given a softening labor market, modest growth in household income and rising interest rates, and a subdued outlook for business and investment spending, we expect Canadian GDP growth to slow moderately to […]