CAD, JPY and USD Ended as the Strongest in a Week of Trade Talk and Surging Yields
EU-US trade talk and surge in yields in Japan and the US were the two major themes last week. But it was Canadian Dollar which quietly ended as the strongest one last week. US holding off car tariffs is definitely...
Macquarie’s new CEO strikes a blow for asset management – and women
The first is that it underlines the fact that Macquarie is now far more of an asset manager than an investment bank. Wikramanayake has run the asset management unit, with A$495.1 billion under management, for a decade. In the 2018...
South Korea as Yardstick for Measuring Trade Tension
After a mixed second quarter GDP report in South Korea, that nation’s central bank has to weigh rising pressure to normalize monetary policy against its vulnerability to global trade. In the early days of the coal industry, miners would bring...
BoJ Unlikely to Deliver Fireworks for Now, Yen Bulls at Risk
The Bank of Japan (BoJ) will announce its monetary policy decision during the Asian trading session on Tuesday. The yen has gained lately on speculation the Bank may alter its policy in a more hawkish direction. That said, the BoJ...
Weekly Economic and Financial Commentary: Growth Unshackled
U.S. Review Upward and Onward Real GDP grew at a solid 4.1 percent pace during the second quarter and growth for the prior year was revised modestly higher. Real GDP is up 2.8 percent over the past year. The inflation...
The Weekly Bottom Line: Terrific 4% Growth Pace Unlikely To Last
U.S. Highlights U.S. economic growth topped 4% in Q2 for the first time since 2014. Consumer spending bounced back and resumed its leader status, but non-residential investment (+7.3%) and net exports also provided a helping hand. Residential investment remained a...
Dollar Mixed Ahead of Busy Week in the Market
The US dollar is mixed on Friday against major pairs. The US economy grew at a 4.1 percent pace on the second quarter according to the first estimate. The number came in right on the forecast which had no positive...
Esports video gaming finals meet in real life this weekend in New York
The Overwatch League competes in real life, and in real time, for the Grand Finals this weekend in New York. “Tonight we’re going to be live for the first time,” Nate Nanzer, commissioner of the esports league for the video...
Ellie Mae’s closed loan applications increase despite housing shortage
Ellie Mae reported an increased number of closed loans on its Encompass platform despite ongoing shortages in the housing market. With 721,000 loan applications closed during the second quarter that’s an increase of 6 percent year over year. “What we...