Yen Committed to a Direction, While Others Not… Yet
Overall, the markets in the last full trading week of May was rather mixed. New Zealand Dollar surged initially after hawkish RBNZ. But it failed to extend much gain from there, even though it still ended as the strongest. It...
Weekly Economic & Financial Commentary: Less Positive on the U.S. Dollar Outlook
Summary United States: Supply Chain Woes Tug at Growth and Send Prices Higher This week’s light calendar of economic reports showed supply chain disruptions tugging a little at economic growth. New home sales are being held back by record low...
The Weekly Bottom Line: Core PCE Inflation Shoots Above Symmetric Target
U.S. Highlights First-quarter consumer spending growth was revised up to an even better 11.3% (annualized). Monthly data showed that nominal spending rose 0.5% in April, but inflation-adjusted (real) spending ticked down a touch (-0.1% m/m). The Fed’s preferred inflation gauge,...
Forward Guidance: Canada’s Labour Market Recovery to Take Another Step Back in May
Next week’s Canadian labour market report will show yet another step back in the employment recovery with employment expected to fall by 75K in May. Job losses will be concentrated in the hospitality and retail sectors due to the third...
Week Ahead: OPEC, Non-Farm Payrolls, and RBA Lead the Way
Monday is a US and UK holiday; therefore, market activity should be extremely slow. Month-end flows on Friday saw the US Dollar spike near the US bond open, only to be sold off into the London fix. OPEC meets this...
AMC stock erases a 38% rally and turns red in wild trading, but ends the week up 116%
Shares of AMC Entertainment gyrated on Friday as speculative trading activities continued to escalate. The stock closed down 1.5% after rallying as much as 38% earlier Friday. Despite the intraday reversal, shares advanced more than 116% week to date, bringing...
Stocks making the biggest moves midday: AMC, Ulta Beauty, Best Buy, HP and more
Check out the companies making headlines in midday trading. AMC Entertainment — Shares of AMC Entertainment are in a middle of a roller-coaster session Friday as they turned 5% lower after rallying as much as 38%. By midday, over 360...
A key U.S. inflation gauge rose 3.1% year over year, higher than expected
A key inflation indicator rose a faster-than-expected 3.1% in April as price pressures built in the rapidly expanding U.S. economy, the Commerce Department reported Friday. The core personal consumption expenditures index was forecast to increase 2.9% after rising 1.9% in...
Week Ahead – Could There be Another NFP Shock in Store for the Dollar?
As predictions about higher inflation turn out to be mostly correct, investors haven’t been doing such a good job in reading the health of the US labour market. The May nonfarm payrolls report will be an important test for the...
Weekly Focus – Reflation Trades Take a Break
Despite more very strong data this week, reflation trades took a break this week. US and euro area bond yields drifted lower this week and stock markets moved sideways. Commodity prices retreated with oil and copper prices drifting lower and...
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