Canadian Market Remains Weak After Hot Inflation Datafxcue.com

(fxcue news) - Despite coming off the day's lows, the Canadian market continues to languish in negative territory Tuesday afternoon and looks set to end the session on a weak note. Hot inflation data, and worries about tariffs and economic outlook weigh on sentiment. Technology, real estate, industrials and consumer staples stocks are among the major losers. The benchmark S&P/TSX Composite Index is down 82.65 points or 0.33% at 24,702.46, with a little over an hour to go for the closing bell. Celestica Inc., Storage Vault, Shopify Inc., BlackBerry, Novagold, Onex Corp, Cargojet, Linamar Corporation, Constellation Software, MDA Space and Transcontinental are among the major losers. Aya Gold & Silver is up nearly 10%. Tilray, Fortuna Mining, TerraVest Industries, First Majestic Silver, Centerra Gold, Brookfield Business, Torex Gold Resources, Ero Copper, Lundin Gold, Sprott Inc., First Quantum Minerals, Interfor Corp. and B2Gold Corp are up 2 to 5%. Data from Statistics Canada said the annual inflation rate in Canada jumped to 2.6% in February from 1.9% in the previous month, the highest in eight months, as a sales tax break that ended mid of last month pushed prices higher amid an already broad-based price increase. The Bank of Canada had forecast inflation to come in at 2.5%. Inflation index increased 1.1% in February over the previous month. The annual core inflation rate in Canada rose for the fourth month to 2.7% in February, the higest level in fifteen months. On a monthly basis, core consumer prices increased by 0.7% in February, up from 0.4% in the prior month.

Canadian Market Remains Weak After Hot Inflation Data

European Shares Poised For Mixed Open

The Federal Reserve is expected to maintain interest rates unchanged, and the market is concerned about inflation and economic growth risks

The Bank of Japan keeps interest rates unchanged at 0.5%, and the market is concerned about signals of future policy adjustments

Deutsche Bank raises silver prices this year, saying they may soon reach $35

Canadian Dollar Falls Against Most Majors

NZD Rises; JPY Drops Amid Risk-on Mood

Canadian Market Remains Weak After Hot Inflation Data

Bank Of Japan Holds Key Rate As Expected

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Trader

Gold retracement: buy long at 3040-3035, target at 3070-3075, stop loss at $5.

Gold 3020 buy long, stop loss 3010, target 3035

Short selling of US crude oil at 67-67.30, stop loss at 67.70, take profit at 66;

Short selling of gold at 3016.5, short selling at 3023-29 after breaking the level, stop loss: 7 points each, or a unified stop loss of 34. Target: 2994-86-80. Continue to reduce holdings after breaking the level;

Today's gold trading strategy: Short sell at 3000-3005, loss at 3013. Target to break through at 2990-2980 and compete at 2970. Callback 2970-2965 buy long, lose 2957. Target looks at 2995-3015

Buy 2982 in spot gold, stop loss 2977, target 2993-3000.

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Canadian Market Remains Weak After Hot Inflation Data

European Shares Poised For Mixed Open

The Federal Reserve is expected to maintain interest rates unchanged, and the market is concerned about inflation and economic growth risks

The Bank of Japan keeps interest rates unchanged at 0.5%, and the market is concerned about signals of future policy adjustments

Deutsche Bank raises silver prices this year, saying they may soon reach $35

Canadian Dollar Falls Against Most Majors

NZD Rises; JPY Drops Amid Risk-on Mood

Canadian Market Remains Weak After Hot Inflation Data

Bank Of Japan Holds Key Rate As Expected

Please sign in

Trader

Gold retracement: buy long at 3040-3035, target at 3070-3075, stop loss at $5.

Gold 3020 buy long, stop loss 3010, target 3035

Short selling of US crude oil at 67-67.30, stop loss at 67.70, take profit at 66;

Short selling of gold at 3016.5, short selling at 3023-29 after breaking the level, stop loss: 7 points each, or a unified stop loss of 34. Target: 2994-86-80. Continue to reduce holdings after breaking the level;

Today's gold trading strategy: Short sell at 3000-3005, loss at 3013. Target to break through at 2990-2980 and compete at 2970. Callback 2970-2965 buy long, lose 2957. Target looks at 2995-3015

Buy 2982 in spot gold, stop loss 2977, target 2993-3000.

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