Dollar Trades Mixed after a Strong Payrolls Beat and Soft Wages
The greenback is trading lower against the high-beta currencies despite a strong headline payroll reading of 304,000, much higher than the economists’ forecast of 165,000. The employment report showed that the prior month was revised lower by 90,000 jobs to...
Japan’s Unemployment Rate Unexpectedly Fell To A 26-Year Low Level In December
For the 24 hours to 23:00 GMT, the USD declined 0.17% against the JPY and closed at 108.85. In the Asian session, at GMT0400, the pair is trading at 108.87, with the USD trading a tad higher against the JPY...
Swiss Franc Trading A Tad Lower In The Asian Session
For the 24 hours to 23:00 GMT, the USD slightly rose against the CHF and closed at 0.9942. In the Asian session, at GMT0400, the pair is trading at 0.9945, with the USD trading marginally higher against the CHF from...
Stock Gains Ease Up as Dollar Steadies Following Yesterday’s Dovish Fed
Global equities seesawed overnight as momentum from the dovish Fed meeting faded, another round earnings focused on global growth concerns, and expectations are low to see a significant progress with trade talks today. President Trump will meet with Vice Premier Liu He,...
Canada’s Economy Softens in November as Oil Sector Woes Worsen
Canadian economic activity contracted by 0.1% month-on-month in November. In all, 13 of 20 major industries expanded on the month, but this growth was overwhelmed by declines in wholesale trade, manufacturing, and construction. Services industries as a whole were flat...
RBA Forecasts to Be Consistent With On Hold Policy
The first RBA meeting of 2019 takes place on Tuesday and will be followed by a speech from Governor Lowe on Wednesday and Statement on Monetary Policy on Friday. We believe the RBA will lower their growth forecast in response...
FOMC Review: All We Need Is Just A Little Patience
As widely expected, at the meeting the Fed did not raise its target range, which remains at 2.25-2.50%. More interesting was the statement filled with changes, which reflects what we heard in speeches ahead of the meeting. The Fed no...
US Government Shutdown Impact, and the Prospect for More
The US government shutdown has ended, for the next two weeks at least, leaving a trail of delayed economic data and lost economic output in its wake. Unless Republicans and Democrats can reach a compromise soon, the government will likely...
MARKET WRAP: Stocks Closed Higher Ahead of Fed Decision
Fed is likely to remain on autopilot and data dependent. Traders are not expecting another rate hike but they expect a dovish statement. Stocks The S&P 500 Index jumped 0.7 percent as of 15:32 in London. The Stoxx Europe 600...
UK’s BRC Shop Price Index Advanced To A Five-Year High Level In January
For the 24 hours to 23:00 GMT, the GBP declined 0.53% against the USD and closed at 1.3080, after UK lawmakers dismissed calls to extend the Brexit negotiations, indicating that the UK has exactly two months before leaving the European...
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