Given the solid pick up in the Canadian economy the likelihood that the Bank of Canada rises interest rates by 25bp Sept 6th policy meeting has increase significantly. Exemplified by the strong 2Q GDP report, which indicated at 4.5% growth rate, the economy has expanded past the BoC projections...
As widely anticipated the Reserve Bank of Australia left the cash rate target unchanged at record low 1.50%. As usual the statement was quite balanced as Philip Lowe wants definitely to avoid fuelling further Aussie appreciation...
The GBP fall against the Euro continued today reversing last week’s marginal bullish reversal. The sterling verse the euro is now close to its historical low in trade related term. A reality that is not lost on the Bank of England...
Once again investors started the week on the back foot as geopolitical tensions escalate over the week-end. With the exception of Chinese equities, which enjoyed a smooth session on Monday, global equities slid in negative territory. The Nikkei was off 0.93%, while the broader Topix index fell 0...
After a few weeks of summer lull, the coming seven days promise to be exciting thanks to a string of central bank meetings...
Investors are returning from the northern summer lull. The global economy that greets them remains strong. For the first time since 2007 the world's major economies are enjoying simultaneous growth. In real terms global trade is at a record share of GDP...
The swing in USDCHF this week has been stomach turning. The North Korean missile test reintroduced geopolitical tensions forcing FX markets to rotate back into traditional safe-haven currencies against the USD (EURCHF was basic unmoved due to the nature of the conflict...
Personal spending and income came in roughly in line with expectations, though the former printed slightly lower, suggesting that personal consumption should continue to improve in the third quarter. Moreover, June’s personal spending was revised to the upside from a flat reading to +0.2%m/m...
The U.S Energy Department has released US inventories data which shows a decline of 5.932 million barrels during the week ending August 25. It is the ninth consecutive weeks of decline and crude oil has lost 1% and is now challenging its 6-week low...
The US dollar received a much needed fresh boost yesterday amid the release of better-than-expected data from the world’s largest economy. Firstly, the second print on the second quarter GDP was revised to 3%q/q (annualised) from 2...
GBP recovered slightly, however the correction is more likely short term then a structural shift. GBPUSD is consolidating around the 1.30 handle while EURGBP in a bull channel has no real resistance till 0.9415. The Bank of England remains dovish which corresponding to market pricing...
After tumbling against most majors yesterday amid heightening tensions between North Korea and roughly the rest of the world, the US dollar pared losses on Tuesday as the overall risk sentiment improves. The dollar index printed a multi-year low yesterday as it fell 0.70% to 91...
What precisely is leap forward and discharge all the significant situated contemplations that won't let you go while everything else you've endeavored is unsucssesful...
For the first time this year, gold has broken the strong resistance at $1300 and the precious metal is now standing around 1317$, its highest level since 2016. The summer was quiet but volatility is back due to the escalating tensions between the US and North Korea...
nvestors piled into safe havens on Tuesday morning amid rising global uncertainties. Firstly, last week comments from Donald Trump have heightened concerned about a potential government shutdown should the Congress keeps refusing to fund the wall along the southern border with Mexico...
The Eurodollar pair has spiked in Friday above 1.1950 on Draghi’s comments, its highest level since January 2015. He mentioned that he is confident about the global recovery which he considers that is improving...
Despite failing to extend gains beyond the 1.15 threshold, EUR/CHF was able to consolidate gains. The pair has been trading between 1.1259 and 1.1538 for the past four weeks. However, the single currency has completed its catch-up rally against the Swiss franc...
Officials from around the world gathered in Jackson Hole, and speeches by US Federal Reserve Chair Janet Yellen and European Central Bank (ECB) President Mario Draghi were eagerly anticipated for any hints about the path of the respective monetary policies they provide...
Anyone traveling from JFK airport to New York will know that US infrastructure could be improved. In spite of the need, and President Trump's high profile policy pledge, hopes for major spending on US infrastructure are dwindling...
