Week Ahead – Interest Rates Are Rising
Fed and BoE to fight back against high inflation Central banks have provided unprecedented amounts of stimulus over the last decade and took that to another level during the pandemic as the world went into lockdown. Now the pandemic has...
Build Back Better Act would close tax loophole for crypto investors
Photo by Mike Kline (notkalvin) | Moment | Getty Images Proposed legislation unveiled Thursday as part of Democrats’ $1.75 trillion social and climate spending plan would close a tax loophole for cryptocurrency investors. The Build Back Better Act would subject...
Inflation, Inflation, Inflation
As inflation data continues to remain excessively high in the around the world, central banks are struggling to justify that a majority of the inflation is transitory Although Christine Lagarde seemed to mince words at yesterday’s ECB press conference following...
Forward Guidance: Canada’s Labour Market Data in Focus after BoC Shift
The Canadian jobs recovery is expected to continue in October, with a 50k increase expected to build on the 157k jump in September. The number of workers receiving regular employment insurance payments has fallen sharply, by about 600k by our...
WTI Oil Futures Avoid Bearish Breakout; Negative Risks Still in Play
WTI oil futures (December delivery) charted a new lower low at 80.62 in the four-hour chart on Thursday but the tough ascending trendline, which has been strictly supporting the market since the bullish trend reversal in August came to the...
Jack Dorsey is worried about ‘hyperinflation’ — these experts say you shouldn’t be that scared
Twitter and Square CEO Jack Dorsey recently issued a dire economic prediction, complete with a frightening phrase: hyperinflation. “Hyperinflation is going to change everything. It’s happening,” Dorsey tweeted on Oct. 22. Later, in response to a follower’s follow-up question, Dorsey...
Dollar Rebounding after Strong PCE Inflation Data
Dollar is trying to rebound broadly in early US session, partly on strong inflation data, and partly on month end flow. But overall, the greenback is just mixed for the week. For week Aussie and Swiss Franc are the strongest...
Treasury Secretary Yellen says spending bills will be anti-inflationary, lowering important costs
Treasury Secretary Janet Yellen asserted Friday that the administration’s infrastructure spending proposal will lower inflation by reducing costs vital to households. Speaking to CNBC from Rome where she is attending the G-20 conference of global leaders, Yellen renewed her push...
Aussie Vulnerable As RBA Could Fight Markets
The Reserve Bank of Australia (RBA) will complete its latest meeting at 03:30 GMT Tuesday. It will be quite explosive as there is a massive discrepancy between the central bank’s own guidance and market pricing for rate increases. The RBA...
EUR/USD Retreats After Jump
The EUR/USD ended trading sideways in the range between the 1.1585/1.1590 and 1.1618/1.1625 zones. The rate ended it due to the release of the worse than forecast US Advance GDP data. The GDP caused a 110 pip jump up to...
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