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Day: July 3, 2021

Focus Might Turns to Euro Selling While Dollar Rally Capped by Strong Risk Appetite

Dollar ended as the strongest one last week but Friday’s steel fall after solid non-farm payroll job reports suggests that it’s rally is already losing steam. It’s still a bit early to call a bearish reversal for the greenback. Yet, strong risk-on sentiments could cap Dollar’s upside attempts ahead, and even trigger a deeper pull …

Focus Might Turns to Euro Selling While Dollar Rally Capped by Strong Risk AppetiteRead More

Weekly Economic & Financial Commentary: Supply-Side Challenges Continue to Bedevil the Recovery

Summary United States: Supply-Side Challenges Continue to Bedevil the Recovery After coming in below consensus for two months in a row, nonfarm employment surprised to the upside in June, with employers adding 850,000 jobs. The unemployment rate rose to 5.9%. The ISM manufacturing index fell to 60.6 in June. Manufacturers continue to report a litany …

Weekly Economic & Financial Commentary: Supply-Side Challenges Continue to Bedevil the RecoveryRead More

The Weekly Bottom Line: Pleasant GDP Surprise For Canada’s B-Day

U.S. Highlights Inflation fears have taken a breather in recent weeks, but the jury is still out on how temporary price pressures are. Today’s jobs report showed further solid progress. While better employment and wage gains may reinvigorate inflation fears, it would ultimately mean that the labor market is catching up with the economic expansion. …

The Weekly Bottom Line: Pleasant GDP Surprise For Canada’s B-DayRead More

Week Ahead: Eyes on RBA and Fed minutes before Q2 earnings kick off

It’s a fairly quiet week for economic data, albeit with a couple of highlights worth watching. Friday’s US NFP report was the highlight of the last week, but it certainly didn’t make anything clearer for traders…or policymakers. According to BLS estimates, the US economy added 850K jobs in June, the best reading (after revisions) in …

Week Ahead: Eyes on RBA and Fed minutes before Q2 earnings kick offRead More