Markets Quiet Ahead of Fed, ECB, BoE, SNB, BoJ, and Lots of Data
The markets are rather quiet in Asian session. Stock indexes are trading higher but no follow through buying is seen. In the forex markets, major pairs and crosses are stuck inside Friday’s range, with commodity currencies a touch firmer. Activity...
Market Morning Briefing: Pound Has Bounced From Support Near 1.3150
STOCKS Dow, Nikkei, Shanghai and Indian indices are looking strong for the near term while the movement is indecisive in Dax which can move either ways towards 15400 or 15900 from current levels. We may look for an overall upward...
FOMC Preview – Fed to Double Size of QE Tapering
The Fed this week will announce acceleration of QE tapering. With inflation approaching 7%, policymakers would likely revise its view on inflation outlook and “retire” the word “transitory”. The updated economic projections and median dot plots showing members’ interest rate...
Markets Back in Risk-on Mode, But Forex Mixed Awaiting Central Bank Meetings
Investors seemed to have already put Omicron risks behind last week, with markets turned back into risk-on mode. But the forex markets were indeed quite mixed. Commodity currencies were the strongest ones, but the rebounds are looking more like corrective....
Weekly Economic & Financial Commentary: Restoring Balance in the Post-Pandemic Economy
Summary United States: Consumer Prices Continue to Climb, Little Reprieve to Supply Issues In Sight This week’s data continued to demonstrate severe supply problems. The number of unemployed workers per job opening reached a fresh record low of 0.67 in...
The Weekly Bottom Line: All About Inflation
U.S. Highlights Consumer prices continued to accelerate in November. On year-on-year basis, headline CPI was up 6.8% (from 6.2% previously), the highest in nearly forty years. Core inflation (ex. food and energy) also accelerated, hitting 4.9% (from 4.6% in October)....
Forward Guidance: Canada’s November Inflation Data in Focus in Week Ahead
Last month’s year-over-year growth rate in Canadian CPI likely ticked down to 4.5% from 4.7% in October, when it hit a two-decade high. Gas prices have eased from October, but were still up more than 40% from a year ago...
Week Ahead: Nine Major Rate Decisions with Developed Markets Moving Slow
A huge week of central bank rate decisions will tell a diverging story over how developed markets can afford to hold off on rate hiking cycles while emerging markets continue to tighten monetary policy. The main event on Wall Street...
Inflation is hitting the 3 big areas of household budgets
David Paul Morris/Bloomberg via Getty Images Inflation grew at its fastest clip in almost four decades last month — and rising costs are hitting the biggest areas of household budgets. Inflation measures changes in the price consumers pay for goods...
Evergrande slides into default while some ratings agencies keep quiet
An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — Indebted property developer China Evergrande defaulted this week with hardly a ripple in markets as most institutions remained silent. Late...