RBA Rate Decision and Q4 GDP Growth ahead for the Aussie
The Reserve Bank of Australia is scheduled to set monetary policy on Tuesday at 0030 GMT but economic uncertainty at home, and in the global economy more generally, are currently giving little flexibility to policymakers to adjust interest rates, potentially leading to another uneventful meeting....
Markets Rise As Reports Of A US-China Trade Deal Emerge
The price of crude oil continued the upward climb as a deal between China and the United States appeared close. On Friday, a report by Bloomberg said that the two countries were preparing the wording of a final report, which...
Currencies: Dollar Holing (Relatively) Strong Despite Mixed US Data
Rates: Back loaded eco/event calendarAsian stock markets profit this morning from rumours that China and the US are in the final stage of completing a trade deal. Both parties are reportedly ready to drop tariffs. Risk sentiment will cause intraday...
Canadian ‘Solo’ Recession Risk: Rhetoric vs Reality
Highlights Canadian economic growth has decelerated markedly, and a repeat of the fourth quarter’s near-zero pace is expected in 2019Q1. This growth slump has led clients to question whether Canada can contract or stagnate alongside an otherwise healthy U.S. counterpart....
ECB Preview: No TLTRO Announcement as ECB Waits for Further Data
We expect the ECB to acknowledge the risks to the euro area economy at next week’s meeting but we do not expect to see any policy decisions yet. We do not expect a liquidity operation announcement either. The staff projections...
Weekly Economic and Financial Commentary: Global Uncertainty Remains Elevated For the Time Being
U.S. Review Drawing the Curtain on 2018 Economic data out the gate this week provided some clarity on how the economy fared through the end of 2018. Real GDP in the United States grew at an annualized rate of 2.6%...
US: Strong 2018 Finish But a Soft Start to 2019
Highlights The U.S. economy grew a robust 2.9% in 2018, the best performance since 2015, but growth moderated at the end of the year and at the start of 2019. The government shutdown and soft consumer spending in December are...
Week Ahead: Three Major Central Bank Decisions and NFP
The first day of the new month started positively overnight with Asian and European shares rallying sharply. But shortly after Wall Street opened, things started to turn negative, causing European shares to close off their best levels and US indices...
9 Reasons USD/CAD is Today’s Strongest Currency Pair
Bullish developments abound today for USD/CAD, explaining why the pair is the day’s strongest major cross. There are at least nine major developments supporting today’s surge: Today’s Q4 GDP release out of Canada came in well below expectations at just...
Global Growth Hinges on China’s Big Week
Mixed economic data, a rollercoaster ride in trade, and fresh geopolitical risks saw US equities edge higher on the week, while the dollar was little changed. With the data dependent Fed likely to be on hold for at least the...
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