Major Commodities
Commodities are raw materials or agricultural products that can be bought and sold, with examples being gold, Natural Gas and wheat. From Copper to corn, coal to crude oil, commodities are central to life – and the lives of billions...
Brexit Strain to Take Shine off UK CPI and Retail Sales Data, as Well as BoE Meeting
A raft economic data are due out of the UK this week ahead of a Bank of England policy decision. Inflation and retail sales figures will be released at 09:30 GMT on Wednesday and Thursday, respectively, to be followed by...
Pound Edges Higher, CPI and Fed Statement Next
GBP/USD is up slightly in the Tuesday session. In North American trade, the pair is trading at 1.2643, up 0.24% on the day. Earlier in the day, the pair punched above the 1.27 line for the first time in a...
Sell-off forces Credit Suisse to slash 2019 S&P 500 target before year has even begun
Recent wild rides in the stock market have forced Credit Suisse to cut its forecast for 2019. The bank has slashed its 2019 year-end S&P 500 price target to 2925 from 3350. The new target would be a 15 percent...
US 500 Index Moves above 14-Month Trough; Outlook Switches to Negative
The US 500 index had a bearish start on Monday, with the price breaking a crucial support at 2600 to drop towards a 14-month low of 2529.80 and taking its year-to-date losses to 4.7%. The price has also increased distance...
Dollar Declines as Trump Urged Fed to Feel the Markets, But Loss Limited as Traders Await Projection Numbers
Dollar selloff takes center stage today as Trump continues with his verbal intervention on Fed policy. But Canadian Dollar is even weakest as down trend in WTI crude oil extends. Swiss Franc is for now the third worst performing one....
US housing starts rise; single-family segment remains weak
U.S. homebuilding rebounded in November, driven by a surge in multi-family housing projects, but construction of single-family homes fell to a 1½-year low, pointing to deepening housing market weakness that could spill over to the broader economy. The report from...
Canadian Dollar Steady ahead of Manufacturing Sales
USD/CAD is unchanged in the Tuesday session. Currently, USD/CAD is trading at 1.3400, down 0.08% on the day. On the release front, Canadian manufacturing sales is expected to tick higher to 0.3%. In the U.S, the focus is on construction...
Capital markets: Happy new year?
For any European capital markets bankers mulling their prospects in 2019, here are a couple of sobering statistics. First, debt. Through its quantitative easing (QE) programme, the European Central Bank has been hoovering up about €8 billion to €9 billion...
Chance of recession rises to the highest level of the Trump presidency: CNBC Fed Survey
In a sharp change toward a darker outlook, respondents to the CNBC Fed Survey have boosted the chance of recession next year to the highest level of the Trump presidency, reduced their support for the president’s handling of the economy...
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