The Weekly Close Out
Commodities have seen some massive price swings. NFP up in a few hours could see some excitement into the weekend close. Read below to find out more. Dollar Index (DXY): Was shocked with some of the moves we saw in...
Oil Outlook: Below $100 WTI Raises Eyebrows
As WTI’s price plunged below $100 a barrel on the 5th of July, it raised eyebrows across the markets, as analysts are pushed to the edge of their seats, pondering on what’s to follow. Without a doubt, recession fears and...
Canadian Dollar Eyes Job Data in Canada, US
The Canadian dollar is back below the 1.3000 line today. USD/CAD is trading at 1.2987 in the North American session, down 0.37%. On the economic calendar, Canada’s Ivey PMI was a major disappointment, slowing to 62.2 in June from 72.0...
Canadian Jobs Data Eyed after Loonie’s Sharp Sell-off
Canadian jobs data for June will accompany the US nonfarm payrolls on Friday at 12:30 GMT. The consensus is for a softer employment print, but the data will not alter the central bank’s guidance for a super-sized rate hike this...
Aussie Slammed after RBA Hike
The Australian dollar is sharply lower on Tuesday. In the European session, AUD/USD is trading at 0.6796, down 1.0% on the day. RBA hikes by 0.50%, Aussie plunges The RBA delivered a 0.50% rate hike for a second straight month,...
Canadian Business Outlook Remains Elevated Heading into the Summer
Business optimism ticked lower but remained elevated in the second quarter of 2022, according to the Bank of Canada Business Outlook Survey (BOS). The BOS indicator, a statistical summary of survey results, remained elevated at 4.85 in 2022Q2, though down...
Week Ahead: RBA, FOMC Minutes and Non-Farm Payrolls
Volatility may pickup later in the week as the RBA makes its decision on an interest rate hike and the US releases FOMC Minutes, as well as NFP. Central Bank heads were in the spotlight last week at the European...
Weekly Economic & Financial Commentary: U.S. Recession Is Likely, and Global Contagion Is Unavoidable
Summary United States: Running on Empty Consumers staying power is showing signs of running out as inflation persists and confidence moves sharply lower. While consumers still have the ability to rely on their balance sheets to support spending, it’s uncertain...
New Zealand Dollar Near 2-year Low
The New Zealand dollar is steady on Thursday. Earlier in the day, NZD/USD fell below the 0.62 line before recovering, coming within a whisker of 0.6996, its lowest level since May 2020. NZ Business Confidence sags It was another rough...
Eurozone CPI Inflation Likely to Roar Again
The era of subzero interest rates will conclude in the eurozone next month after a decade, but what is less certain is how fast the monetary tightening phase will develop in the year ahead as recession risks build up in...