Aussie Climbs Up ahead of Confidence Data
The Australian dollar is in positive territory at the start of the week and has punched above the 74 level. AUD/USD is currently trading at 0.7424, up 0.34% on the day. The RBA was in the headlines for much of...
Pfizer And Merek Are Going To Approve Covid-19 Drug
Last week, investors’ attention was focused on US nonfarm payrolls data and the FOMC meeting. The Federal Reserve officially announced the reduction of the QE program. An interest rate hike is scheduled for the middle of next year. The labor...
Weekly Economic & Financial Commentary: When Will the Shortages End?
Summary United States: When Will the Shortages End? Data released this week continue to paint the severity of supply chain bottlenecks. The ISM manufacturing index slipped to 60.8 in October, and the U.S. trade deficit widened to a record $80.9...
The Weekly Bottom Line: Supply Chain Strain is the Name of the Game
U.S. Highlights As widely expected, the Federal Reserve kept interest rate unchanged this week while announcing a reduction in its asset purchase program. The Fed will reduce securities purchases by 15 billion per month starting in November. The labor market...
Forward Guidance: US Inflation to Hold the Spotlight Next Week
All eyes will be on US inflation figures next week during a quiet period for Canadian data releases. US CPI growth is expected to remain elevated—up almost 6% relative to October 2020—as growth in consumer prices continue to be affected...
Week Ahead: A Week to Digest
It was a busy week of central bank meetings, which included the FOMC, BOE, and RBA. Jobs data from both the US and Canada last week also had investors excited. This week, events quiet down a bit. But that doesn’t...
Week Ahead – All About Inflation Now
After an impressive nonfarm payroll report and a successful avoidance of a Fed ‘taper tantrum’, the focus shifts to inflation. Everything from earnings season, the regional Fed surveys, and the ISM reports suggest that global supply chain pressures remain intense,...
Weekly Focus – Central Banks Push Brakes on Rate Hike Speculation
The past week shed some light into central banks’ thinking amid growing stagflation fears around the world, and the general message was at least somewhat to the dovish side. At the same time, market’s inflation fears appear to have moderated...
BoE Sinks Pound, Roils Bond Markets, All Eyes Now On NFP
BoE shocks markets by not raising rates as expected, pound crashes below $1.35 Bond yields slump globally as central banks push back on investors’ rate hike pricings Dollar stands tall, Wall Street at a record ahead of October payrolls report...
Bank of England Review: Unchanged But Hikes are Coming
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