China Market Monito: Stocks and CNY Taking a Hit
To help keep track of developments in Chinese financial markets, we publish a brief China Market Monitor covering FX, fixed income, money markets and equities. Financial stress has risen sharply since the trade conflict with the US escalated on 15...
Canadian Dollar Edges Higher, Canadian Manufacturing PMI Next
The Canadian dollar has recorded small gains on Tuesday, after starting the week with slight losses. Currently, USD/CAD is trading at 1.3160, down 0.21% on the day. On the release front, there are no key indicators on the schedule. Canada...
Dollar Index Gives Up Gains; Euro, Pound Up
Here are the latest developments in global markets: FOREX: Ahead of the Independence Day celebration in the US on Wednesday and the FOMC meeting minutes on Thursday, dollar/yen paused at 110.87 (-0.01%) early in the European session, while the dollar...
DAX Rebounds With Strong Gains
The DAX index has posted strong gains in the Tuesday session. Currently, the DAX is at 12,400, up 1.33% on the day. In economic news, eurozone data was mixed. PPI jumped to 0.8%, well above the estimate of 0.4%. Retail...
RBA Meeting: Juggling Risks
The Reserve Bank of Australia (RBA) will announce its rate decision on Tuesday, at 0430 GMT. With the Bank almost certain to make no changes to its policy, price action will be dictated by any changes in the phrasing of...
CAC Dips to 7-Week Low, French Manufacturing PMI Misses Expectations
The CAC index is under pressure in the Monday session. Currently, the CAC is at 5284, down 0.74% since the Friday close. On the release front, the markets are digesting manufacturing reports. In France, the Manufacturing PMI dropped to 52.5,...
Equities Retreat Amid Risk-Off Tones, Aussie Softens Ahead Of RBA Decision
Here are the latest developments in global markets: FOREX: Dollar/yen traded at 110.75 (+0.08%) on Monday, giving back most of the gains it posted earlier in the session when it briefly touched a one-month high of 111.05, with the yen...
GBP/USD: UK Manufacturing PMI
The British Pound strengthened against the Greenback, following the UK Manufacturing PMI data release on Monday at 08:30 AM. The GBR/USD currency pair gained seven pips, or 0.05%, to continue fluctuating in the 1.3155 area. The Markit released the monthly...
Weekly Economic and Financial Commentary: GDP Growth Revised Lower But Poised for Rebound
U.S. Review GDP Growth Revised Lower But Poised for Rebound New home sales jumped 6.7 percent in May, though April was revised lower. Tight inventories continue to push up prices and limit home sales. The S&P CoreLogic Case-Shiller National Home...
The Weekly Bottom Line: Canada – Clear As A Cloudy Day
U.S. Highlights The BEA’s third estimate of Q1 real GDP downgraded growth slightly to 2.0%, from 2.2% previously. May data did show flat real personal spending, but strength in March and April still set Q2 consumption up for a decent...
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