Canadian Dollar Quiet as US, Canadian Banks Closed
The Canadian dollar has ticked higher in the Monday session. Currently, USD/CAD is trading at 1.3193, down 0.07% on the day. Canadian and U.S banks are closed for a holiday, so traders should not expect much movement from the pair...
Crude Oil Rises As Saudi Signals Supply Cuts
The price of crude oil jumped in the Asian session after Saudi Arabia announced measures to reduce supply. The Saudi Arabian Minister of Energy – Khalid al-Falih – said that the country will slash oil output by 500K barrels a...
Brexit Monitor: No UK Compromise On Backstop Proposal Just Yet
UK politics remain poisoned, as PM Theresa May tries to find a final compromise in her Cabinet to unlock the negotiations with the EU. The ambition was to have a full draft withdrawal text ready early this week but the...
Weekly Economic and Financial Commentary: Fed on Track for December Rate Hike
U.S. Review Fed on Track for December Rate Hike The FOMC voted unanimously this week to maintain the target range for the federal funds rate at 2.00%-2.25%, a decision widely anticipated by market participants. All signs point to a rate...
The Weekly Bottom Line: Plenty of News, But Not Much New
U.S. Highlights Between the midterm elections and a Fed rate decision there was plenty of news this week. But after the dust settled there was very little new information. In the midterm elections, Democrats gained a majority in the House...
US Dollar Flying High on Hawkish Fed Statement
The US dollar rose against most major pairs on Friday. Only the Japanese yen was able to gain against the mighty greenback. The FOMC statement eased concerns that the Fed would hint at a pause in its tightening of monetary...
Week Ahead – After Central Banks and Midterms, Focus to Move Back to Economic Data
With central bank meetings and the US midterm elections out of the way, economic data will return to the forefront next week. Monthly stats on inflation, industrial output, employment and retail sales will dominate the calendar, while GDP numbers out...
Weekly Focus: One Step Closer to a Brexit Deal?
This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents...
China Weekly Letter: Next Stop Xi-Trump Meeting
This is the first edition of China Weekly Letter, which we will publish at the end of the week going forward. It aims to give a brief wrap-up on Chinese news, with focus on the three main stories of the...
Pound Drops Momentarily Below 1.30 on Brexit Woes; Oil Set for Fifth Weekly Loss
Here are the latest developments in global markets: FOREX: The British economy expanded by 1.5% y/y in the third quarter as expected, preliminary data showed. The UK’s trade deficit narrowed, and the manufacturing output was slightly better than forecast in September. However, the evidence on business investment...
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