I’m Interested But Not Worried, Oddly Enough
I’m interested but not worried, oddly enough Markets continue to roil as the September 6 deadline for public comments on the next slice of Section 301 of China tariffs approaches. But it’s been very mixed bag across global equity markets,...
Canadian Dollar Falls As NAFTA 2.0 Agreement Remain Elusive
Canadian Dollar Falls as NAFTA 2.0 Agreement Remain Elusive The USD/CAD rose 0.66 percent on Tuesday. The currency pair is trading at 1.3178 ahead of the release of the Bank of Canada (BoC) monetary policy decision on Wednesday. That same...
“Bulls” Are Pushing the Oil Upwards
The Oil is getting closer to its short-term highs and it seems like “bulls” really have a chance to make Brent break 80 USD and go higher. Although the most part of catalysts that helps “bulls” are speculative and passing,...
Canadian Dollar Falls to 6-Week Low on NAFTA Concerns
The Canadian dollar continues to lose ground this week. In the North American session, USD/CAD is trading at 1.3167, up 0.56% on the day. On the release front, manufacturing data will be in focus on both sides of the border....
Gold Could Rebound Amid Elevated Risks
Understandably it has been a rather quiet day in the markets with North Americans out celebrating Labor Day. But with the summer holidays over, volatility should pick up from now on. In fact, this week promises to be a busy...
Will He Or Will He Not Apply $200 Billion Tariffs On China
Trump has a strong stance towards china and this can become even firmer if he brings Canada on the table this week Trump is famous for not easily backing down from his agenda hence the trade war and the new...
DAX Dips as German Manufacturing PMI Drops in August
The DAX index has posted slight losses in the Monday session. Currently, the index is at 12,319, down 0.36% on the day. On the release front, eurozone and German Final Manufacturing PMIs both weakened in August, but were within expectations....
Further Acceleration in Turkish inflation
Fears of contagion related to the Turkish banking system continues to spread, pushing the Turkish lira downward as inflation continues to grow at a higher pace than expected. Further bearish move on the TRY is expected as long as no...
Weekly Economic and Financial Commentary: Trade Tensions Show Some Signs of Easing, For Now
U.S. Review Objects in Rearview Mirror Are Bigger than They Appear Revisions to second quarter GDP released this week lifted the growth rate to 4.2 percent in Q2, while revealing a faster rate of business spending and a record high...
The Weekly Bottom Line: Let’s Make a Deal
U.S. Highlights Markets reacted positively to developments that the U.S. and Mexico had reached a trade deal. Details still need to be finalized, including Canada’s position. A revised, trilateral agreement looks unlikely to be achieved today. Data was broadly positive...
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