Japan’s Retail Trade Rose More-Than-Estimated In December
For the 24 hours to 23:00 GMT, the USD rose 0.10% against the JPY and closed at 109.40. In the Asian session, at GMT0400, the pair is trading at 109.37, with the USD trading marginally lower against the JPY from...
Fed Meeting: All Eyes on Powell’s Balance Sheet Remarks
The Fed is widely expected to keep policy unchanged when it announces its decision on Wednesday, at 1900 GMT. Even though there won’t be any updated forecasts this time, Chair Powell will hold a press conference after the event, and...
Eurozone to Trim Growth in Q4, Inflation to Step Down in December
Eurozone’s initial GDP growth estimates for the fourth quarter could put the euro in a vulnerable position when they come out on Thursday at 1000 GMT as forecasters see the economy drying up before the start of an uncertain year. A day...
Euro-Zone’s M3 Money Supply Advanced More-Than-Estimated In December
For the 24 hours to 23:00 GMT, the EUR rose 0.12% against the USD and closed at 1.1427. On the macro front, the Euro-zone’s M3 money supply climbed 4.1% on a yearly basis in December, higher than market consensus for...
British Pound Trading Marginally Higher In The Asian Session
For the 24 hours to 23:00 GMT, the GBP declined 0.33% against the USD and closed at 1.3150, ahead of series of significant Brexit votes in the parliament. In the Asian session, at GMT0400, the pair is trading at 1.3151,...
Japanese Yen Edges Higher as Japanese Inflation Within Expectations
USD/JPY has started the week with slight gains. In Monday’s North American session, the pair is trading at 109.28, down 0.25% on the day. On the release front, the Bank of Japan released the minutes of the December policy meeting....
Canada Filling China-U.S. Trade War Gaps? Don’t Count On It
Highlights U.S.-China trade tensions remain elevated, and we continue to march towards the March 1st deadline for agreement before a U.S.-threatened broadening of tariff measures (and likely Chinese response). It is tempting to see these tensions as an opportunity for...
China Weekly Letter: Trade Talks Enter Crucial Stage
Trade talks enter crucial stage – our base case is still deal by end-Q2 GDP growth slows – but construction and infrastructure provide support Xi Jinping warns of rising risks at seminar for top officials Liu He heading big delegation...
Weekly Economic and Financial Commentary: Economic Growth Cooling Off in Europe, China
U.S. Review Home Sales End 2018 on a Low Note Data for durable goods orders and new home sales during the month of December were postponed as a result of the continued partial government shutdown. Existing home sales fell 6.4%...
The Weekly Bottom Line: Markets Up Despite Lack of Good News on the Economy
U.S. Highlights Global equity markets are up on the week, despite some negative economic news, and continued dysfunction in Washington. The ECB characterized the economic risks as to the downside, and will be more cautious removing stimulus. Amidst the U.S....
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