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Yesterday, the Census Bureau released March data for US merchandise trade. Imports rose significantly. However, the 10.3% m/m jump in the inflation-adjusted series reflected some catching up after the...
Private nonfarm payrolls in the US are projected to increase by 195,000 (seasonally adjusted) in tomorrow’s April update of the ADP Employment Report, based on The Capital Spectator’s...
Yesterday, we received confirmation that the U.S. manufacturing sector is recovering, with growth of 2.1% in Factory Orders for March. The USD/CAD pairing has remained relatively stationary since...
We expect Norges Bank (NB) to leave rates unchanged on Thursday but Governor Øystein Olsen to maintain a strong easing bias. We expect NB, either in the press statement or in the...
Forex News and EventsCurrency war is far from being over as central banks around the world are easing further their monetary policy. This morning, the Reserve Bank of Australia (RBA) cut its cash rate...
It’s been a quiet couple of days in the financial markets as investors in Europe celebrated the May bank holiday, heavily hitting trading volumes in the lead up to a massive weeks for...
Count down to UK General ElectionWith two days to before the UK’s general election, the political uncertainties anchor the GBP-complex on the downside. The sell-off in Gilts pushes the entire UK...
Let's start with some notable manufacturing PMI reports from around the world. For those who are not familiar with PMI, it stands for Purchasing Managers Index - a helpful early indicator of the...
During the month of April, gold prices were range bound between $1180 and ounce and $1215 an ounce with much of the transactions being set at around the $1200 an ounce level.Gold prices bounced off...
Market Drivers May 05, 2015RBA cuts by 25bp says Aussie needs to weakenUK Construction PMI weakerNikkei 0.6% Europe 0.61%Oil $58/bblGold $1188/oz.Europe and Asia:AUD Trade Balance -1.32B vs.-0.98BAUD...
As the latest episode of the soap opera, which is Greece, continues to unfold, many start to question the vexing question of when a default is likely to occur. The reality is that a default is already...
RBA cut the cash rate by 25bps to new record low of 2.00% as widely expected. But Aussie recovered after the announcement on view that the current easing cycle has ended. The central bank said in the...
Talking Points: US Dollar Index Positioning Hints Prices May Return to the Offensive S&P 500 Struggling to Make Good on Bearish Reversal Setup Crude Oil Consolidating, Gold Bounces from Familiar...
PMIs show Europe on topYesterday’s purchasing managers indices (PMIs) for April showed Europe on top of the world, apparently. The Markit manufacturing PMI for the eurozone moved above the ISM...
Over the course of the last 7 years there have been a series of excuses for why bad inflation predictions turned out to be bad. The most prominent excuse is that the bad inflation predictions...