US: Trade Deficit Widens in September, as Exports Pull Back
The U.S. trade deficit widened to $80.9 billion in September from $72.8 billion in August. Total exports (goods and services) decreased by 3.0% (+0.6% in August), while imports increased 0.6% (+1.3% in August). Goods exports decreased by 4.7% in September...
Japanese Yen Drifting as FOMC Looms
Japanese markets are closed for a holiday today and the Japanese yen is having a quiet day. USD/JPY is currently trading at 114.07, up 0.10% on the day. FOMC expected to taper The FOMC holds a crucial today, with the...
Pound Edges Higher ahead of FOMC
The British pound has edged higher in the Wednesday session. GBP/USD is currently trading at 1.3644, up 0.22% on the day. FOMC will likely taper, but by how much? The FOMC holds a key policy meeting later today, with the...
New Zealand Jobs Data To Keep The Pressure On AUDNZD
The fall in the commodity currencies started after the dovish RBA outcome yesterday afternoon, accentuated by sharp falls in key commodity prices on Chinese futures exchanges. To put some of the recent moves in the commodity space in context, coal...
Pound Under Pressure ahead of BoE Meeting
The British pound has edged lower in the Tuesday session. GBP/USD is currently trading at 1.3625, down 0.28% on the day. Will BoE press rate trigger? There is plenty of anticipation ahead of the BoE policy meeting on Thursday. There...
BoE To Hike Rates, Pave Way For Big Central Banks, But Will Pound Follow?
The Bank of England’s policy meeting on Thursday is being primed as a live one following a series of strong hints by policymakers that interest rates might have to be raised before the year-end. With November being a ‘Super Thursday’...
BoE To Hike Rates, Pave Way For Big Central Banks, But Will Pound Follow?
The Bank of England’s policy meeting on Thursday is being primed as a live one following a series of strong hints by policymakers that interest rates might have to be raised before the year-end. With November being a ‘Super Thursday’...
Another Big Week Ahead
Stock markets are off to a mixed start at the beginning of the week, with much of Europe back in record territory and the US now flat after a positive start. Not bad considering central banks around the world are...
Focus On Various Central Bank Meetings And Withdrawal Of Stimulus
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Weekly Economic & Financial Commentary: Taper the Paper
Summary United States: Supply and Demand Tug of War Is at the Forefront After a Mixed Week of Data Lingering supply chain issues, rising prices and still-strong consumer demand continues to make its way into economic data. The week began...