Eurozone Flash Inflation Expected to Tick Down as Political Fractures Weigh on Euro
Flash inflation readings from the Eurozone next week could cause more misery for the euro, which is already under pressure from a transforming political landscape across the bloc and an empowered Matteo Salvini in Italy. Eurostat will publish the flash...
Trump Showing He Not Afraid Of A Multi-Front Trade War, European CPI Data Shows Deceleration In Pace
Notes/Observations Risk aversion continues to peculate after Trump dropped a Mexico tariff bombshell; suggest that Trump is not afraid of a multi-front trade war Safe haven flows has German 10-year Bund yield testing record lows of -0.20% German State CPI...
Loonie Awaits Q1 GDP Growth on Friday
The Bank of Canada reiterated at its policy meeting on Wednesday that the economy will likely pick up growth in the second quarter of 2019. Market specialists, however, predict that GDP growth data could show early signs of recovery on...
Wobbly Pound Breaks Below 1.26, U.S GDP Hits Estimate
GBP/USD has lost ground for a fourth straight day. Currently, GBP/USD is trading at 1.2589, down 0.30% on the day. On the release front, U..S Preliminary GDP came in at 3.1%, matching the forecast. Unemployment claims rose to 215 thousand,...
Equities Lose Their Bonding
Equities lose their bonding The cracks in global equity markets threatened to grow wider still as relentless haven-buying of sovereign bonds overnight pushed key yields even lower and sent recession fears through stocks. Global stock markets were lower with the...
FTSE – Slide Continues as China Threat Spooks Investors
The FTSE index has plunged in the Wednesday session. Currently, the FTSE index is trading at 7,185, down 1.15% on the day. There are no British events on the calendar. On Wednesday, the U.S. releases second estimate GDP for the...
Currencies: Dollar Holding Strong Even As US Yields Nosedive
Rates: US 10yr/3m spread at lowest level since global financial crisisUS yields fell hard yesterday, with the 10-yr yield falling below key support levels, paving the way for a return to the 62%- retracement level (2.06%). The US 10yr/3m falling...
US: Do Deficits Still Matter?
Executive Summary The recent widening in the federal budget deficit and persistently low yields on U.S. Treasury securities have led some observers to question the idea that larger deficits lead to higher interest rates, or even if deficits matter at...
Australian Q1 Capex Expected To Be Soft, Reinforce RBA Rate Cut Bets
Capital expenditure figures from Australia will be watched on Thursday (due at 01:30 GMT) as they will be a prelude to Q1 GDP estimates released the following week. With market expectations running high that the RBA will cut rates at...
Australian Dollar Lower in Light-Holiday Trading
AUD/USD has posted slight losses in the Monday session. In North American trade, AUD/USD is trading at 0.6916, down 0.16% on the day. U.S markets are closed in the U.S. for the Memorial Day holiday, and there are no U.S....
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