For The USD, It’s All About This Week’s CPI
For the USD, it’s all about this week’s CPI. Markets dismissed the opening salvo of the US -Sino trade war as dated news. However, after another Goldilocks NFP, US stock markets traded positively in the green while the US dollar...
Weekly Economic and Financial Commentary: All Signs Point to Stronger Second Quarter GDP Growth
U.S. Review All Signs Point to Stronger Second Quarter GDP Growth Employers added 213,000 new jobs in June. The unemployment rate ticked up to 4.0 percent on an increase in labor force participation. Average hourly earnings grew 0.2 percent in...
The Weekly Bottom Line: China Tariffs Likely to Impede Economic Momentum
U.S. Highlights A holiday-shortened week was nevertheless chock-full of data releases that confirmed the U.S. economy continues to expand at a strong above-trend pace. Economic activity remains robust, but there are signs that trade uncertainty may be impeding further improvement....
Trade Uncertainty Hits Dollar’s Confidence
The US dollar fell against major pairs on Friday despite a strong June jobs report due to the impending start of tariffs against Chinese goods and the retaliation from the Asian nation on US exports. The US economy added 213,000...
Week Ahead – Loonie Eyes BoC Rate Hike; UK Starts Publishing Monthly GDP
A policy meeting by the Bank of Canada looks set to be the most exciting item on next week’s calendar as it will be a somewhat muted five days for economic indicators. US inflation will be the data highlight but...
Look Ahead: US CPI, BOC and ECB Minutes
The mixed-bag US jobs report on Friday caused the dollar to weaken further, allowing the likes of the EUR/USD and AUD/USD to push higher, while buck-denominated gold also got a boost. The USD/CAD meanwhile was hit with a double whammy...
Australia & New Zealand Weekly: Falling Power Bills & Moderating Housing Costs are Holding Back Inflation
Week beginning 9 July 2018 Falling power bills & moderating housing costs are holding back inflation. Australia: Westpac-MI consumer sentiment, housing finance, NAB business survey. NZ: retail card spending, REINZ house prices. China: CPI, trade balance, credit data. Europe: Sentix...
If Not Raising Wages, Then What?
How Employers Are Addressing Hiring Difficulties Stubbornly slow wage growth has been one of the most lamented aspects of the current expansion. The historically weak pace of wage gains comes despite a tight labor market, as indicated by most employment...
Jobs, Wages and the Participation Rate: Fed Full Speed Ahead
June job gains came in at 213,000. Maintaining the momentum of the tight labor market, wages were up 2.7 percent and the unemployment rate rose to 4.0 percent. Fed to raise rates in September. Job Gains Broad-Based with June Jobs...
NFP Recap: Dollar Dumped to 3-Week Lows as Wages Miss, Unemployment Rises
After President Trump spoiled “traders’ Christmas” last month with a now-infamous tweet implying that the May jobs report would be strong, market participants were happy to get back to their “normal” tradition of overanalyzing and excessively dissecting the volatile monthly...
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