Claims Improve But Show Recovery Stalling, BOE Debates Going Negative
Claims improve but show recovery is stalling, BOE debates going negative, OPEC+ could do more in Oct, Gold’s post-Fed hangover Economic momentum continues to fade as many Americans continue to file new claims for Pandemic Unemployment Assistance, benefits offered to...
Oil Rally Fizzles, Gold Stays Steady
Oil impressive overnight rally peters out Oil prices rocketed higher overnight, as Hurricane Laura worries and a dramatic fall by 4.4 million barrels for US Crude Inventories provoked an aggressive short squeeze of speculative positioning. Brent crude rose 4.0% to...
BoE Preview: Rising Risks More, Easing In November
When Thursday 17th September Growing risks – advertisement – The Bank of England are not expected to adjust monetary policy this month. With interest rates at historically low levels of 0.1% and £100,00 additional monetary stimulus added in June, this...
U.S Futures In The Green Ahead Of FOMC – Watch ADBE, FDX
The S&P 500 Futures remain on the upside after they ended higher yesterday, though pared gains throughout the session. Later today, the Federal Reserve’s interest rate decision will be due. It is widely expected that the central bank would stick...
Bank of Japan to Turn Sights on Recovery Progress as Suga Takes Over as PM
The Bank of Japan is expected to hold its fire when it concludes its two-day monetary policy meeting on Thursday, keeping its emergency stimulus measures intact. However, with growing evidence that the global economic recovery from the pandemic remains on...
Fed Meeting: Justifying the Paradigm Shift
The Fed will conclude its policy meeting at 18:00 GMT Wednesday, ahead of Chairman Powell’s regular press conference half an hour later. The central bank is certain to use this meeting to explain its new inflation-overshooting regime in more detail....
FOMC Preview
When? Wednesday 16th September (6pm GMT) What to expect – advertisement – The Federal Reserve Open Market Committee convenes this week for the first time since Fed Chair Jerome Powell announced that the central bank would shift towards average inflation...
USD/CAD Unchanged on Light Calendar
The Canadian dollar ended the week quietly and the lack of activity has continued on Monday. In the North American session, USD/CAD is trading at 1.3177, unchanged on the day. There are no US or Canadian events on the schedule....
Equities Head Higher In Early Asia
US equity index futures moved higher early this morning following a mixed finish by the physical market on Wall Street on Friday. The rally is likely driven by the weekend announcement that Nvidia will buy ARM from SoftBank. SoftBank’s sale...
Weekly Economic and Financial Commentary: Labor Focus
U.S. Review Labor Focus In the holiday-shortened week, analysts’ attention remained on the progress of the labor market. Recent jobless claims data remain stubbornly high and point to a slowing jobs rebound. Aside from claims, inflation data were also a...
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