Week Ahead – Eurozone PMIs and Japanese Inflation Due; Jackson Hole Summit, Trade Updates & Turkey Could Steal the Show
Upcoming releases in the next seven days are pointing to a relatively quiet August week. Among the few stand-out readings are flash PMI prints out of the eurozone, Japanese inflation figures and US capital goods orders. In addition, the minutes...
Weekly Focus: Political Uncertainty Here to Stay
Market movers ahead In Norway, Q2 GDP growth data is due out on Thursday. The print will reveal whether or not a slowdown has been under way in Norway. Next week, we get preliminary PMIs in Europe, the US and...
Loonie Rallies Hard on Inflation Data
Canadian headline inflation this morning beat market expectations and printed a seven-year high last month, while the measure of core-inflation remained relatively stable. Canada’s CPI rose +3.0% y/y, following a +2.5% rise in June. Market expectations were looking for a...
Canadian July CPI Jumps Significantly Higher
Highlights: The July CPI rose 0.5% in the month, which compared to expectations of a 0.1% increase. The year-over-year rate jumped to 3.0% rather than holding steady at the June rate of 2.5%. About one-half the upward surprise in the...
Euro Steady As Eurozone CPI Meets Expectations
EUR/USD is showing little movement in the Friday session. Currently, the pair is trading at 1.1382, up 0.07% on the day. In economic news, Eurozone Final CPI improved to 2.1%, matching the estimate. The eurozone current account surplus widened to...
Euro Bounce Fades, Canadian Inflation Prints Pending
Here are the latest developments in global markets: FOREX: The dollar index – which gauges the greenback’s strength against six major currencies – remained negative (-0.10%), though it pared most of its earlier losses, aided by a return of risk-off...
Yen Shrugs Off Lower Japanese Trade Balance
It has been an uneventful week for the yen and that trend has continued in the Thursday session. In the North American session, USD/JPY is trading at 110.77, up 0.02% on the day. On the release front, Japan’s trade surplus...
Canadian Inflation Data in Focus as Loonie Hopes for NAFTA Deal
Canada will be on the receiving end of inflation data for July on Friday, at 1230 GMT. Forecasts suggest the headline CPI rate remained unchanged, which would likely keep the Bank of Canada (BoC) on track to deliver at least...
UK Retail Sales Beats Expectations, Renewed US/China Trade Talks Soothes Risk Appetite
Notes/Observations Risk sentiment improves on US-China trade dialogue set to resume but remains fragile due to Turkish and Italian concerns UK July Retail sales data handily beats expectations aided by discounts, world cup and hot weather Norway Central Bank keeps...
Turkish Lira Erases Its Economic Attack Losses
Thursday August 16: Five things the markets are talking about This week, the mighty U.S dollar has gained traction from safe-haven investment flows on the back of trade disputes between the U.S and China. Nonetheless, investor risk sentiment has received...
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