Gold Slips as Dollar Flexes Muscle
Gold has headed lower in the Monday session. In North American trade, the spot price for one ounce of gold is $1221.35, down 0.42% on the day. It’s a quiet start to the week, with no U.S releases on the...
Strong Dollar Pushes British Pound Below 1.30
GBP/USD has posted strong losses in the Monday session. In North American trade, the pair is trading at 1.2975, down 0.72% on the day. On the release front, there are no British or U.S events. On Tuesday, the U.K releases...
EUR/USD – Lack Of Data Leaves Euro Subdued
EUR/USD has steadied on Monday, after posting considerable gains in the Friday session. Currently, the pair is trading at 1.1499, down 0.13% on the day. The sole event is the German Bundesbank monthly report. On Tuesday, Germany releases PPI and...
The Midterm Elections and Our Economic Outlook
Executive Summary The 2016 United States election was a landmark event, and its impact has rippled through nearly all asset classes and the domestic and global economies. On November 6, 2018, Americans will go back to the polls for the...
Weekly Economic and Financial Commentary: Signs Pointing to Solid Third Quarter Growth
U.S. Review Signs Pointing to Solid Third Quarter Growth Retail sales rose 0.1% in September. Less-volatile control group sales, which feed into GDP, increased 0.5%. Industrial production improved 0.3% in September as mining and durable goods orders advanced. Production of...
The Weekly Bottom Line: Higher Interest Rates May be Starting to Bite
U.S. Highlights Equity markets stopped hemorrhaging and partially recovered from last week’s downturn. Domestic data was predominantly underwhelming, but did little to change the status quo of a solidly-growing U.S. economy. Retail sales, existing home sales and housing starts all...
US Growth in Q3 to Guide Dollar
The US dollar is mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and Brexit news saw the NZD, EUR, GBP and AUD advance against the USD. The Canadian dollar...
US Election Monitor #3: Standstill as US Criticises China Trade Policy
With less than three weeks to go, the Democrats are still leading significantly in the opinion polls. FiveThirtyEight models still point towards a divided Congress (79% probability of the Republicans taking the Senate and 84% probability of the Democrats winning...
Week Ahead – Central Banks and US Q3 GDP in Focus; BoC Poised to Raise Rates
Central bank meetings will take centre stage in the coming week as economic data will be in short supply. With four policy meetings lined up, comprising the European Central Bank, the Bank of Canada, the Riksbank and the Norges Bank,...
Weekly Focus: Pressure on Italy is Set to Intensify
Market Movers ahead In the euro area, focus will remain on the Italian budget turmoil and the ECB meeting on Thursday. We will get the first indication of Q4 GDP with the flash PMI. In the US, the first estimate...
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