Dollar in Medium Term Correction after Plunging on Trump and Fed Powell
Yen ended the week broadly lower, as the worst performing one, on return of risk appetite. That came with S&P 500 and NASDAQ closing at record highs. Dollar ended as the second weakest one as it’s firstly talked down by...
Small steps for Greece along a risky path
Forever the Achilles heel of the euro project, the interminable Greek tragedy has become more curious this week after the borrower’s exit from its latest bailout programme. The terms of the three-year emergency loan from the eurozone’s European Stability Mechanism...
Weekly Economic and Financial Commentary: Will Global Growth Catch Up to the United States?
U.S. Review The Housing Disconnect Existing homes sales declined 0.7 percent to a 5.34-million unit pace in July. Total resales are now trending 1.5 percent below year-ago levels. Sales of new homes also fell, down 1.7 percent in July following...
The Weekly Bottom Line: Canada – Soft End to a Strong Second Quarter
U.S. Highlights Financial markets jitters have eased somewhat this week as concerns about emerging countries have temporarily subsided, helped in part by a lower U.S. dollar. Economic data was mixed. U.S. business investment remained upbeat in July, with new orders...
US Dollar Drops After Powell Stresses Gradual Approach to Rates
The US dollar is lower against most major pairs on Friday. The greenback was waiting for U.S. Federal Reserve Chair Powell’s speech at the central bank summit in Jackson Hole but in the end no new information was provided. Chair...
Elon Musk hiring Morgan Stanley probably closes the book on ‘funding secured’
Tesla CEO Elon Musk’s hiring of Morgan Stanley this week is just a small step in his ongoing quest to take Tesla private. But it has a larger, more damning implication: he probably didn’t have funding secured, even in the...