Day: September 7, 2021
A sharp rise in wages is contributing to worries over inflation
Thomas Trutschel | Photothek | Getty Images Now might be a good time for the Federal Reserve to start worrying about inflation. August’s jobs report, besides being a big disappointment on the 235,000 headline number, also showed that wages are rising even with weak hiring. Average hourly earnings jumped 0.6% for the month, about double …
A sharp rise in wages is contributing to worries over inflationRead More
ECB Meeting: Tapering on the Menu, Sort of
The European Central Bank meets on Thursday for its regular policy meeting and is scheduled to announce its decision at 11:45 GMT, followed by President Christine Lagarde’s press briefing at 12:30 GMT. Having made several dovish turns in recent months, the ECB looks poised to take a bold step in the opposite direction on Thursday …
48% of renters worry they won’t ever be able to buy a home, survey finds
Forty-eight percent of renters worry they won’t be able to buy a home during their lifetimes, according to a new Lending Tree survey. That concern is largest among renters in Generation X (41 to 55 years old) and millennials (25 to 40 years old). To that point, 55% of Gen X renters and 52% of …
48% of renters worry they won’t ever be able to buy a home, survey findsRead More
Sterling Down as Risk Sentiment Turns Weaker, Dollar Trying to Rebound
Risk sentiment turns a bit weaker today in the stock markets. But benchmark European and US yields are staging a strong rally. In the currency markets, Aussie is sold off is in delayed reaction to RBA’s dovish tapering, but Canadian is follow closely with selloff in oil price. Sterling is also falling in European crosses, …
Sterling Down as Risk Sentiment Turns Weaker, Dollar Trying to ReboundRead More
USD/CHF Remains Within Range
The USD/CHF currency pair has been trading sideways since August 18. The exchange rate traded between the 0.9240/0.9100 levels during last week’s trading sessions. All things being equal, the US Dollar against the Swiss Franc could continue to trade sideways during the following trading sessions. However, technical indicators suggest that the currency exchange rate could …
EUR/GBP Two Scenarios Likely
The common European currency depreciated by 41 pips or 0.47% against the British Pound last week. The currency pair tested the lower line of an ascending channel pattern at 0.8560 on Friday. Currently, the exchange rate is trading near the lower boundary of the channel pattern and could be set for a breakout. If the …
BOC Preview – QE Tapering to Pause as Economy Contracted in 2Q21
Torn between disappointing economic activities but rising inflation, higher vaccination rate but worsening Delta outbreak, and a federal election just 12 days after this week’s meeting, the BOC will likely stand on the sideline this month. Policymakers will keep its weekly asset purchases unchanged at CAD 2B/ week and retain the forecast of first h