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...
USD Consumer confidence for the month of May came in at 134.1 vs 130 as expected. This is the best reading of the year and it shows that US consumers are not phased with the trade war. Present situation and expectations both came out better than...
USD Existing home sales for the month of April came in at 5.19m vs 5.35 as expected. The number came in weaker but it is still in the middle of this year’s range. New home sales also came in line expectations at 673k vs 675k as expected. Durable goods f...
USD President Trump has been touting China over Twitter to accept a deal and not to retaliate since things will only get worse. China has announced that it will impose import tariffs on $60bn worth of US goods starting from June 1 and they will range...
