Week Ahead – US Jobs Report Up Next
Country US The upcoming jobs report will be pivotal for the Fed in deciding whether the economy is headed toward hitting their substantial progress goal. Now that the Fed has finally had their first deep dive into discussing tapering asset...
Week Ahead – Nonfarm Payrolls Highlight a Huge Week
Global markets will go into overdrive next week, with two central bank meetings and a landslide of data coming up. The RBA will probably reverse its tapering plans amid extended lockdowns in Australia, whereas the Bank of England might strike...
Euro Unchanged On Mixed GDP Data
The euro is in green territory for a fifth successive day as the dollar continues to show broad weakness. EUR/USD is up 1.1% this week and is poised to record its best week since May. German CPI outperforms target The...
US Q2 GDP Much Worse than Expected, But Really that Bad for Traders?
Gross Domestic Product (GDP) is an exciting number for headlines, as it shows how much growth was produced in a quarter (or year). However, for traders and investors, the print usually isn’t “tradable”, as it is a backwards looking economic...
US: Robust Consumer Spending Drives GDP growth in Q2
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RBA Back In The Same Boat As The FOMC, Despite Higher Inflation
Australia inflation increased to 0.8% QoQ in Q2 from 0.6% in Q1. However, the continued persistence of the Delta variant in Australia remains a worry. Although Melbourne has just come out of a 5 Day lockdown, Sydney remains in lockdown...
Canadian Inflation Near Expectations; Focus on Central Bank Differences; USD/CAD
If the BOC continues its tapering journey and the FOMC continues to be dovish, CPI may continue to fall in Canada while it continues to increase in the US Canadian CPI for June was 3.1% YoY vs 3.2% expected and...
The Dollar Remains Slightly In The Defensive Ahead Of The Fed Meeting
Markets Contrary to Monday, European and US markets yesterday failed to withstand a new risk-off wave initiated by China’s regulatory overhaul. US data (durable goods orders, House prices, consumer confidence) were ok or even strong, but failed to change the...
Canadian Dollar Dips, CPI Ahead
The Canadian dollar has reversed directions on Tuesday and is in negative territory. Currently, USD/CAD is trading at 1.2582, up 0.30%. It has been a frigid summer for the Canadian dollar, as USD/CAD has jumped 4.3% since June 1. The...
Asia Equities Mixed
Markets calm after China slide A sense of calm has returned to Asia today as the China sell-off has abated and investors pause for breath and reflection. Overnight, the S&P 500, Nasdaq and Dow Jones traded sideways to be almost...