Gold Rally Halts
Gold has given back some of its sharp gains over the past day and a half. At the time of writing, the precious metal was trading flat on the week, hovering just above the $1400 level, at $1402. The precious...
MARKET WRAP: Stocks Fell & Dollar Recovered
Investors are sensitive about the outcome of the G-20 meeting and what this means for the US and China trade deal Stocks The S&P 500 Index dropped as investors reacted to heightened geopolitical tensions. The index dropped 0.38% as of...
Stocks Extend Declines on Soft Consumer Confidence and Housing Data
The start of the New York session was greeted with weakness and stocks extended their declines after consumer confidence fell to the lowest levels since September 2017 and new home sales declined for a second consecutive month. Both the Dow...
USD/CAD Canadian Dollar Higher On Dollar Softness
The Canadian dollar rose 0.28 percent on Monday against the US dollar. The greenback is still on the backfoot after the Fed took out the patient language from its FOMC and today President Trump criticized the missed opportunity of not...
5 Things Traders are Reacting to
1. China’s Jinping confirms Trump meeting The market’s reaction to news China’s Jinping Xi will meet Trump on the side-line at the G20, has been tame. A meeting between the two is clearly a step in the right direction, but...
OIL Price Rises As US Prepares New Sanctions On Iran
The price of crude oil rose in the morning session as tensions between the United States and Iran continued. Tensions started after a number of oil tankers were attacked at the Strait of Hormuz. The US blamed Iran for the...
Forex Forecast for July – August
The peak of the vacation season is approaching, which usually entails a decline in business activity, including that in financial markets. On the one hand, a decrease in the volatility of major currency pairs, which is already low, entails a...
Weekly Economic and Financial Commentary: Fed Positions for Rate Cut
U.S. Review Fed Positions for Rate Cut The Fed kept rates unchanged this week but opened the door to easing later this year by noting the heightened uncertainty to the economic outlook and the persistent undershoot of inflation. With inflationary...
The Weekly Bottom Line: Data Affords BoC Chance To Be Patient
U.S. Highlights The biggest event this week was the Fed’s pivot away from patience. It is now poised to act in the event of a further deterioration in the outlook. This cheered markets, with stocks and bonds rallying. The Fed’s...
Week Ahead: RBNZ, Eurozone CPI and G20 Meetings
This week was all about the major central banks as the race to zero and beyond resumed, with the Fed and ECB signalling potential rate cuts while the BoE was slightly less hawkish than had been expected. The RBA’s governor...
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