Gold Dips as Retail Sales Climb
Gold has posted slight losses in the Monday session. In North American trade, the spot price for one ounce of gold is $1239.15, down 0.20% on the day. On the release front, U.S core retail sales dropped to 0.4%, matching...
UK Jobs and Wage Figures Eyed by Pound amid Brexit Turmoil
The UK’s Office for National Statistics will publish its latest stats on the labour market on Tuesday at 08:30 GMT. The report will be the first of three major releases out of the UK this week, which come just a...
Weekly Economic and Financial Commentary: Price Pressures Still Building
U.S. Review Price Pressures Still Building In the midst of tighter labor markets and backlogged supply chains, inflation continued its upward climb in June. Tariff implementation adds upside risk to inflation. Producer prices for final demand rose 0.3 percent last...
The Weekly Bottom Line: Tariffs Make Fed’s Job Tougher
U.S. Highlights For the second week in a row, action on Chinese import tariffs dominated the economic news, but markets remained positive overall, likely reflecting relief that oil prices have come off their recent highs. Since China retaliated to the...
Trade War and Trump European Trip Boost US Dollar
The US dollar was higher across the board against major pairs on Friday. Trade war concerns rose heading into the weekend and the comments from US President Donald Trump during the week sparked a rally of USD buying. Trump has...
Week Ahead – China GDP Eyed amid Escalating Trade Row; Inflation Data to Dominate
China will publish second quarter growth figures next week, putting the focus on China’s economy which has been under attack by the Trump administration. Inflation numbers from Canada, Japan, New Zealand and the United Kingdom will also come under the...
Australia & New Zealand Weekly: Non-Mining Infrastructure Upswing Has Considerable Further Upside …
Week beginning 16 July 2018 Non-mining infrastructure upswing has considerable further upside. Australia: Westpac-MI Leading Index, RBA minutes, employment. NZ: CPI, REINZ house sales & prices. China: GDP. US: Fed Chair Powell’s semi-annual testimony to congress, retail sales. Key economic...
Week Ahead: Will Dollar Extend Gains?
The biggest themes in the markets this week can be summarised as: (1) US dollar strength, (2) weakness in foreign currencies – particularly where the central bank is still dovish such as the Japanese yen and Swiss franc – and...
Theresa May Seeks a Compromise on Brexit, But Will the EU Listen?
The past days have been a wild ride for the British pound, with the Brexit saga receiving multiple new chapters. Key Brexiteer ministers have resigned, and while this has been interpreted as a negative in the sense that it threatens...
British Pound Slips over White Paper Blues
The British pound has posted considerable losses in the Friday session. In North American trade, the pair is trading at 1.3150, down 0.42% on the day. The pair is at its lowest level since July 3. It’s a quiet end...
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