Weekly Economic & Financial Commentary: April Economic Data Show Resilient U.S. Economy
Summary United States: April Economic Data Show Resilient U.S. Economy U.S. retail sales topped expectations in April, while industrial production also grew more rapidly than economists expected. Data on housing starts, home sales and homebuilder sentiment, however, showed tentative signs...
GBP/USD: Don’t Get too Comfy with Recent Gains
GBP/USD look headed for its first weekly gain in four weeks moving into late Thursday trading. At the time of writing, the pair was trading up by 2.03% at 1.25089, supported by a broadly weaker US dollar. But a stronger...
UK Inflation Soars to 9%
Pound slides after CPI report The British pound has taken a tumble after April CPI jumped to 9.0% YoY, up sharply from 7.0% in March. GBP/USD has fallen 100 points today and is trading at 1.2390 in North American trade....
British Pound Soars on Strong Jobs Data
The British pound continues to rally on Tuesday. GBP/USD is trading at 1.2463 in the European session, up 1.15% on the day. UK employment numbers sparkle The tight UK labor market is getting even tighter, as reflected in the March...
Weekly Economic & Financial Commentary: Will Tighter Financial Conditions Lead to a More Dovish Fed?
Summary United States: Don’t Look Down Yet Consumer price inflation may have peaked, but the climb down from here will not be free of obstacles. The CPI and PPI rose 0.3% and 0.5%, respectively, in April. Small business optimism stalled...
Euro Under Pressure, Falls Below 1.04
The euro has stabilized on Friday, after a dreadful Thursday in which EUR/USD fell 1.26%. Russian announces sanctions The euro continues to struggle and is trading at lows last seen in January 2017. The Ukraine war has taken a bite...
The Crypto Market’s House of Cards
Bitcoin collapsed 8.4% on Wednesday, ending the day at around $28.4K. Thursday’s fall continued, sending the first cryptocurrency down 5% to $27K. Ethereum is down 24% in the last 24 hours, having rolled back to $1815. Other leading altcoins in...
Week Ahead: Volatile Follow Through after Central Bank Decisions
Last week was dominated by volatility as the RBA, Fed and the BOE all gave the markets something more to think about. The RBA hiked rates by more than expected, the Fed took the idea of a 75bps hike off...
The Weekly Bottom Line: Tight Corners of the Economy
U.S. Highlights The Fed raised the monetary policy rate by 50 basis points for the first time since 2000 and signaled more hikes of the same magnitude are in the works. The economy added more jobs than expected in April,...
Weekly Economic & Financial Commentary: ‘Til the Medicine Takes
Summary United States: ‘Til the Medicine Takes The latest economic data suggest supply challenges worsened in April. Delivery times lengthened, and while employers continued to add jobs at a solid pace, the supply of labor weakened. Price pressure has remained...