British Pound Pauses after Sharp Gains
GBP/USD has recorded slight losses in the Thursday session, after sharp gains on Wednesday. In North American trade, the pair is trading at 1.2996, down 0.25% on the day. On the release front, British Net Lending to Individuals dropped to...
NAFTA Negotiations: Canada Steps up to the Plate
On Monday, the U.S. and Mexican NAFTA discussions resulted in an announcement of a bilateral trade agreement. This agreement includes augmented rules of origin for autos, strengthened intellectual property protections, guarantees of a more level playing field for financial services,...
Canada: So-so Details in a Solid Q2 GDP Report
The Canadian economy expanded by 2.9% (q/q annualized) in the second quarter. This was well ahead of the (upwardly revised) 1.4% pace marked at the start of the year, although it fell a bit short of market (and our) expectations....
US: Core Inflation Holds at Target in July, Real Spending Extends Winning Streak
Personal income rose 0.3% in July – a hair below both market expectations and last month’s gain. Adjusted for inflation and removing taxes, real disposable income was up 0.2% in the month. Personal spending rose 0.4% in nominal terms, in...
Gold Gains Ground Despite Strong Preliminary GDP
Gold has posted slight gains in the Wednesday session. In the North American trade, the spot price for one ounce of gold is $1204.39, up 0.26% on the day. On the release front, Preliminary GDP jumped 4.2%, beating the estimate...
US: Strength in Q2 GDP Shows Up in Corporate Profits
The second estimate of Q2 GDP revised growth up to 4.2 percent. Corporate profits reached a historic high in the second quarter, supported by strength in real final sales and consumer spending. Revisions to Trade and Software Spending Bump Up...
US: Revisions Nudge Growth Up to 4.2% in the Second Quarter
The U.S. economy grew at a 4.2% annualized pace in the second quarter according to the BEA’s second estimate. This is a tick better than the advanced estimate (4.1%), and also higher than market expectations of 4.0% growth. The upward...
DAX Edges Higher, Investors Eye German CPI
The DAX index has posted slight gains in the Wednesday session. Currently, the index is at 12,539, up 0.10% on the day. In economic news, German GfK Consumer Climate edged lower to 10.5, shy of the estimate of 10.6 points....
British Pound Subdued as Pound Hugs 1.29
GBP/USD is unchanged in the Tuesday session. In North American trade, the pair is trading at 1.2886, down 0.06% on the day. On the release front, U.S manufacturing and consumer confidence data was stronger than expected. CB Consumer Confidence jumped...
Yen Trading Sideways, as Japanese, U.S Data Beats Expectations
The Japanese yen is unchanged in the Tuesday session. In North American trade, the pair is trading at 111.05, down 0.03% on the day. On the release front, BoJ Core CPI edged up to 0.5%, above the estimate of 0.3%....
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