The week ahead of us will have US and China consumption, preliminary Germany Q2 GDP, wages data from UK as headlines. USD ISM non-manufacturing for the month of July came in at 53.7 vs 55.5 as expected, down from 55.1 the previous month. New orders...
After a wild ride the previous week put through, we continue in a similar fashion with Q2 GDP data from UK and Japan, RBA and RBNZ rate decisions and Canadian employment report. USD PCE deflator, FED’s preferred inflation measure, came in at 1.4% y...
BOJ, BOE and FED will hold their meetings this week accompanied with NFP on Friday and slew of economic data worldwide. USD Preliminary durable goods for the month of June came in at 2% m/m vs 0.7% m/m as expected. Huge beating on the headline number...
ECB rate decision will dominate the week ahead of us accompanied by preliminary PMI figures for the month of July, election of the new UK Prime Minister and US Q2 GDP data. USD Retail sales for the month of June came in at 0.4% m/m vs 0.2% m/m as expected...
Inflation and consumption data will dominate the week in front of us. USD FED chairman Powell began his testimony to Congress with remarks that uncertainties and concerns about global economy since June meeting continue to weigh in on the US economic...
BOC rate decision to dominate as we get more information about the thought process of lone neutral central bank. USD Presidents Trump an Xi met in Osaka at G20 meeting and agreed to forego new tariffs and restart trade negotiations. The ban for US companies...
Final PMI readings across the world will dominate throughout the week, RBA rate decision and highlight will be NFP on Friday. USD New home sales in May missed expectations coming in at 626k vs 684k as expected, down from the April number of 673k. Consumer...
Dovish tones continue to dominate statements from major Central Banks. USD FOMC voted to leave rates unchanged at 2.25% to 2.5%. The rate vote was not unanimous, St. Louis FED president Bullard, the biggest dove, voted for the rate cut while only one...
USD President Trump has stated over the weekend that deal with Mexico was reached thus delaying tariffs indefinitely. This brought a risk on effect in the markets, making gold and USDCAD gap on the opening. Headline CPI for the month of May came in...
USD ISM manufacturing index came in at 52.1 vs 53 as expected. This is the lowest reading in 31 months. On the back of the reading and falling 2-year and 10-year bond yields odds of a rate cut in the July meeting have jumped to 50%. St Louis FED president...
