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Canada: Foreign investment in Canadian securities dropped $4.0 billion in October

"Foreign investment in Canadian securities totalled $4.0 billion in October, down from $7.8 billion in September," Statistics Canada reported on Monday.

Key takeaways from the press release

  • Canadian investment in foreign securities increased to $14.9 billion, the largest investment since January 2018.
  • As a result, international transactions in securities generated a net outflow of funds of $11.0 billion from the Canadian economy in October.

NY Fed: Empire State Manufacturing Index falls to 10.9 in December vs 20 expected

"Business activity grew at a slower pace than in recent months in New York State, according to firms responding to the December 2018 Empire State Manu
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USD/JPY Technical Analysis: Bulls struggling to defend 200-hour SMA support

   •  The pair's intraday uptick faced rejection near 50-hour SMA, with bears now eyeing a follow-through weakness below 200-hour SMA amid notable USD
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