Week Ahead: It’s All About the Data!
There is a glut of economic data due out this week that could sway decisions at upcoming interest rate meetings. The UK, and the rest of the world, will mourn the passing of Queen Elizabeth this week. As a result,...
US CPI Preview: Inflation Could Fall to 8%, but the Fed isn’t Slowing Down Yet
To the downside, the first key support level to watch on USD/JPY will be 139.50, where prices topped out back in July… No matter where you are, you can’t help but hear about it: Inflation is the biggest economic topic...
USD/CAD Seen in Late Stages of an Ending Diagonal
USDCAD is coming lower, after 75bp increased by BoC, but Rogers noted that the rates will need to be rised further. At the same time, we see USD making a strong reversal across the board while crude oil is trying...
EUR/USD: Recovery Gains Traction But Looks for Further Positive Signals
Recovery picks up on Friday and cracks 1.01 barrier, driven by a hawkish stance from the ECB, following central bank’s decision to raise interest rates by 75 basis points and remaining on track for further tightening, along with weaker dollar,...
King Dollar Feeds Off Aggressive Fed
King dollar’s scorched-earth ascent to a fresh 20-year peak has clobbered broad swathes of global financial markets, with dollar-denominated assets clearly bearing the brunt. Spot gold has returned into sub-$1700 domain, Brent futures have tumbled to their lowest since February,...
AUD/USD Edges Lower ahead of RBA Decision
The Australian dollar has started the week with slight losses. In the North American session, AUD/USD is trading at 0.6798, down 0.19%. Will RBA stay aggressive with a 50bp hike? The Reserve Bank of Australia meets on Tuesday, with investors...
Weekly Economic & Financial Commentary: Labor Market Report Complicates FOMC’s Decision on September 21
Summary United States: August Rush Employers added 315K new names to their payrolls in August, but there were an additional 786K people looking for work. Amid such a rush into the labor market, the unemployment rate rose to 3.7%. More...
Week Ahead – Rate Hikes Keep Coming
US The countdown to the September 13 inflation report begins as investors fixate over a wrath of Fed speak, with special attention going towards Chair Powell’s Thursday discussion on monetary policy. It is a slow start to the trading week...
US NFP Close to Expectations. Will it Make a Difference to the Fed?
There doesn’t appear to be anything that would sway the Fed’s rate decision for either a 50bps increase or a 75bps increase at the next meeting. US Non-Farm Payroll for August showed a gain of +315,000 jobs vs an estimate...
The Weekly Bottom Line: Canada – Full Steam Ahead to Hike Rates
U.S. Highlights A strong week for economic data as the ISM manufacturing index and the payrolls report surprised to the upside. The details of both reports showed improvements on the supply-side of the economy as falling manufacturer input prices and...