The Dollar Struggles, But A Clear Resumption Of The Downtrend Doesn’t Materialize
Markets Higher-than-expected US inflation readings reinforced the debate whether or not current price rises will be as temporary as most central bankers flagged of late. Financial inflation indicators including the 10-y US breakeven inflation (2.54%) jumped to multi-year peak levels...
Dollar Recovers Mildly, Gold Extending Rise, Bitcoin in Free Fall
Dollar and Yen recover mildly in a mixed Asian session today, while commodity currencies are mildly today. But major pairs and crosses are all bounded inside Friday’s range so far. China data provided some support to Hong Kong and China...
Stock futures rise slightly after Wall Street’s worst week since February
Traders on the floor of the NYSE. Source: NYSE Stock futures edged up in overnight trading on Sunday as the market looked to continue to rebound from last week’s sell-off triggered by inflation jitters. Futures on the Dow Jones Industrial...
States are ending federal unemployment benefits early. Here’s what to know and what’s at stake
Ohio Gov. Mike DeWine said Thursday that the state would end its participation in federal unemployment programs June 26. Justin Merriman | Getty Images News | Getty Images So, what’s going on? At least 16 states have elected to opt...
Stocks Stayed in Up Trend, Yields Range Bound, Dollar Lost Downside Momentum
Market debates heated up last week with the influx of some US economic data. On the other hand, the concerns on overheating inflation was legitimate given the much stronger than expected headline and core CPI reading from the US. On...
Weekly Economic & Financial Commentary: Reopening Comes with a Steep Price Tag
Summary United States: Reopening Comes with a Steep Price Tag The leap in consumer prices this week laid bare that challenges in meeting soaring demand come with a cost. There were few signs of the mismatch between supply and demand...
The Weekly Bottom Line: U.S. Small Businesses Struggle to Hire Workers, Despite High Unemployment
U.S. Highlights Consumer and producer price inflation surprised on the upside on the back of rebounding energy prices, supply disruptions and strong fiscal-stimulus fueled demand. Despite inflation overshooting 2%, several Fed officials reassured markets that there won’t be any tapering...
Week Ahead: Inflation or Stagflation? The UK Reopens and the US Takes it All Off
US inflation data has been coming in higher than expected. Will it be the same in other parts of the world? Last week, inflation data came in hot for April in the US. However, since the beginning of the month,...
What is Pushing USD/CAD Lower?
Since the Bank of Canada met on April 21st , when they cut bond purchases from C$4 billion/week to C$3 billion/week, USD/CAD has been in a freefall. Price has dropped from 1.2654 on that date to a low of 1.2046...
Week Ahead – Will the Bond Market Remain in a Holding Pattern?
Financial markets seem to be constantly recalibrating. The economic data is expected to be volatile and that should support the Fed’s patient stance on waiting for enough data to make a clear assessment over pricing pressures and the strength of...
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