Forward Guidance: BoC to Ease Off the Monetary Policy Accelerator
Inflation concerns will likely be front-and-center at the Bank of Canada meeting next week. Near-term GDP growth has fallen short of the BoC’s forecast, with Q2 output coming in weaker than expected. Currently, Q3 is also tracking below the bank’s...
Will Canada Retail Sales Rebound?
The Canadian dollar edged higher in Asia as it drives towards the 1.23 line. USD/CAD is currently trading at 1.2329, down 0.33% on the day. Retail Sales expected to rebound The Canadian dollar has taken advantage of US dollar weakness...
Cliff Notes: Global Inflation Angst Grows
Key insights from the week that was. A quiet week for data saw the market’s focus remain on inflation. This was most notably the case in New Zealand and Australia, with the NZ Q3 print received this week and Australia’s...
Growth Jitters Bring Risk-off into Play; Dollar’s Slide Halts
Stocks falter as risk-off returns Better-than-expected corporate earnings have been a buffer to stock markets this month, with Southwest and American airlines flagging today that even the hardest-hit industries by the pandemic can still stand on their feet despite the...
Canadian CPI Should Solidify A BOC Taper Next Week
Canadian headline YoY CPI rose to 4.4% in September vs 4.3% expected and 4.1% in August. This is the highest reading since February 2003! In addition, the YoY Core CPI, which strips out food and energy, rose to 3.7% vs...
BoE: T-Minus 15 Basis Points and Counting
Summary U.K. inflation eased slightly in September, although that will likely prove to be a temporary lull given the recent rise in energy prices and signs that underlying wage growth is firming. Expect a further quickening of CPI inflation in...
Inflation Growth In The UK Slows Down
The US stock market closed yesterday in the green zone. At the close of the New York Stock Exchange, the Dow Jones index increased by 0.56% to a one-month high, the S&P 500 index added 0.74%, and the NASDAQ index...
Streaking NZD Hits 5-Week High
The New Zealand dollar has posted four straight winning sessions and is flying high in the Tuesday session. NZD/USD is currently trading at 0.7162, up 1.11% on the day and at its highest level since September 6th. RBNZ geared to...
Aussie Jumps On RBA Rate Bets
The Australian dollar has resumed its rally against the US dollar. AUD/USD has risen to 0.7471, up 0.80% on the day. The pair is at its highest level since July 15th. Markets expect RBA rate hike in 2022 The RBA...
NZD Hits 4-Week High on Hot Inflation
The New Zealand dollar is drifting on Monday, after briefly breaking above the 71 level. Overnite, NZD/USD rose to 0.7105, its highest level since September 16. The currency climbed 2.07% last week, its best week since late August. New Zealand...