U.S. December CPI Drops Lower
Highlights: The all items CPI declined an expected 0.1% in the month following no change in November. Declining energy prices over the past two months have put downward pressure on overall consumer inflation. Food prices rose a more robust 0.4%...
Canadian Dollar Tests 1.32, US Consumer Inflation Next
It’s been an excellent week for the Canadian dollar, and the currency has posted slight gains on Friday. In the North American session, the pair is trading at 1.3215, down 0.16% on the day. On the release front, there are...
GBP/JPY Arrives at Critical Juncture as Brexit Vote Looms
Next week’s major market risk event is most likely to be the UK parliament’s so-called “meaningful vote” on the withdrawal agreement Prime Minister Theresa May negotiated with the European Union at the back end of last year. The deal covers...
Steady As She Goes
Markets The NY session saw a decent rebound in risk and a slight recovery in the USD, leaving USDJPY sitting near 108.40 as we open the book for the final trading session of the week in Asia. The main two...
Dollar to Take a Special Look at US CPI
Since it is uncertain how long the impasse over funding Trump’s wall will keep parts of public services closed in the US including the Bureau of Economic Analysis, which is responsible to update the core PCE index, the core CPI...
BREXIT: Corbyn Readies No-Confidence Motion Ahead of Next Week’s Meaningful Vote
The debate over Theresa May’s Brexit deal is careening toward a dramatic conclusion ahead of the scheduled Parliamentary vote on Tuesday. In the latest act in Brexit’s Shakespearian tragedy, Labour leader Jeremy Corbyn has stepped up calls for a general...
Stocks Appear Poised to Snap Five-Day Rally
The stock market rally could be ripe for a pullback after recovering almost one-third of slump we saw in the fourth quarter. Today’s weakness is being attributed to poor holiday sales from Macy’s and concern over what will be the...
US Dollar Stumbles, Some Stormclouds
Speeches from various Fed members comprised a coordinated message of pausing rate hikes and the US dollar was the clear victim. The New Zealand dollar was the top performer, closely tracked by Gold on Wednesday, while EUR finally regained and...
FOMC Minutes: Did Markets Misread Powell’s Post-Fed Comments?
The minutes from each Federal Reserve meeting are released three weeks after the meeting itself, meaning that they’re generally stale under the best of circumstances. That sentiment is especially true this time around following the massive outbreak of volatility around...
ECB Minutes Next in Line as Rate Differentials Keep Euro Resilient
The minutes of the latest ECB meeting, where policymakers officially decided to end QE, are due out on Thursday at 1230 GMT. Investors will look at how officials see the Eurozone’s growth prospects, and whether they are even more worried...
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