Fed Meeting: Slowly Getting the Taper Ball Rolling
The Fed will conclude its latest meeting at 18:00 GMT Wednesday. It will be a tricky one, as Chairman Powell will need to balance a strong US economy against fears of a sharp slowdown in emerging markets. As for the...
The US Dollar Remains Firm
Investors flock to safety of US dollar The US dollar remains near 5-month highs versus the majors, with the dollar index closing 92.90 on Friday, not far from its 93.20 high last Monday on the “delta-dip.” The persistent strength of...
Week Ahead: FOMC, Earnings, and Q2 GDP to move markets
The European Central Bank meeting on Thursday was basically a rehash of the Strategic Review: No change in monetary policy, no change in PEPP, and a statement wording change to reflect a “symmetrical 2%” rather than “Close to, but below...
Week Ahead – Fed and Earnings Eyed
Major week for US markets All eyes on the US next week as the Fed meets and we head into peak earnings season. The central bank will discuss its exit strategy from emergency era stimulus and investors will be looking...
Weekly Economic & Financial Commentary: ECB’s Easing Measures Going Nowhere Fast
United States: COVID Rise Jitters Financial Markets, while Housing Perks Up July’s NAHB Housing Market Index slipped one point to 80. Housing starts beat expectations and rose 6.3% during June, although building permits fell 5.1%. Existing home sales climbed 1.4%....
The Weekly Bottom Line: Covid Lessons from the UK
U.S. Highlights It was a wild week for investors. Following a sharp sell off to start the week, risk sentiment rebounded, sending the S&P 500 back to a record high level. The spreading Delta variant is cause for concern for...
Forward Guidance: Canada’s Inflation Rate Remained above the BoC Target in June
We expect next week’s June consumer price inflation report to show the inflation rate held above the Bank of Canada’s 1% to 3% target range—for the third consecutive month. There was likely a slight moderation in the annual increase in...
Week Ahead – Fed to Talk Taper but Stall on Action; Growth Data in Focus amid Recovery Doubts
The Federal Reserve is expected to provide more hints on tapering when it meets next week but may stop short of revealing a timeline. Amidst jitters about the Delta variant, markets could whipsaw if the Fed cites both progress and...
Euro Yawns After ECB Meeting
It has been a very quiet day for the euro. In North American trade, EUR/USD is trading at 1.1772, up 0.01% on the day. ECB changes forward guidance On Thursday, the ECB met for the first time since releasing its...
ECB Research: Stepping Up on Inflation Ambitions, But Not on Tools
ECB’s first meeting since the new strategy took effect was mostly about aligning the language from the June decision to the review outcome. The bond buying (APP and PEPP) guidance were unchanged. The main new element worth highlighting is the...