Forward Guidance: Retail Sales to Continue Canada’s Run of Strong Economic Data
Growing trade tensions between the world’s two largest economies drew plenty of attention this week, and for good reason with the US and China tagging each other with higher tariffs. The Bank of Canada highlighted potential escalation of trade conflicts...
Week ahead – European Elections & PMIs, Fed Minutes, and Much More
While lacking in central bank meetings, the coming week is still a busy one. A poor showing by the UK Conservatives in the European Parliament elections could make it even more likely that Theresa May is replaced with someone that...
MARKET WRAP: Stocks and Gold Moved Lower; Dollar Up
Investors kept their focus on trade talk and Brexit chaos. Sterling remained in free fall and there are strong chances of another referendum Stocks The S&P 500 Index dropped 0.58% as 14:50 London time. The Stoxx Europe 600 Index decreased...
China Plays Hardball; No More Talks Unless US Changes Tactics
European and Chinese stocks markets are selling off from critical comments from Beijing that put a dent in trade talk optimism. Flight to safety is the early morning theme and we may see that continue if we see softer Michigan sentiment...
FX Weekly: US-China Trade Tensions Remain in Focus, Adding Weight to AUD/USD
US-China trade tensions remain in focus, adding weight to AUD/USD. But after soft data in recent days, whether the pair tests the 0.6800 area in the week ahead probably depends more on what Governor Lowe has to say on Tuesday....
China Weekly Letter – China Strikes Defiant Tone, Recovery Postponed
China has started to beat the nationalist drum and shows no signs of giving in to US demands of changing its laws as part of a trade deal. Trump has issued an executive order, banning Huawei and ZTE in the...
Auto Tariff Delay Could Seal A Corrective Low For DAX
The announcement that Trump plans to delay EU auto tariffs provided the DAX quite the tailwind yesterday. Technically, we suspect it could extend its bounce from here. Since the prior analysis in April, the bullish channel has maintained its structure...
Japanese Yen Yawns as US Retail Sales Disappoint
USD/JPY is almost unchanged on Wednesday. In the North American session, the pair is trading at 109.57, down 0.03% on the day. There are no major Japanese events. In the U.S., retail sales and core retail sales both missed expectations....
Dollar Stuck In A Contained Vortex
Wednesday May 15: Five things the markets are talking about Global stocks are struggling to maintain Tuesdays gains as U.S futures have pared some of their earlier overnight advances, while Euro stocks have edged lower. In Asia, China led equity...
Chinese Industrial Output to Slow in April; Could Spark Growth Concerns as Trade Deal Looks Distant
China will publish the latest stats on industrial output, fixed-asset investment and retail sales on Wednesday at 2:00 GMT. The data will be watched to assess whether the rebound observed in March carried through to April amid worries the economy...
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