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The US dollar fell against most of the world's currencies last week and looks poised to move lower in days ahead. Some participants expect the increase in long-term rates to be supportive of the dollar, but most are bearish the greenback, and the consensus forecasts reflect this attit...
GBP/CAD is currently trading in a disciplined fashion this year. In spite of range expansion in March, the pair is hugging its trading range midpoint. Since the start of the year, the real interest rate spread for GBP/CAD has in fact improved, although funding markets support GBP/CAD ...
Canada added 378K jobs in September, cruising way past economist estimates for just a 150K gain. The unemployment rate fell to 9% from 10.2%, with the labor force participation rate growing to 65% from 64.6%.The job gain brings employment to within 720K of its pre-pandemic level.The news is g...
Chinese markets re-opened with a bang. Shanghai led the Asia Pacific bourses higher with a 1.7% gain, and the onshore yuan rose 1.1%. Gold has rallied more than 1% today to about $1916, putting it within striking distance of the week's high set on October 6 near $1921. For furth...
"Never say never," says newish Bank of Canada Governor Tiff Macklem, commenting about negative interest rates at a virtual conference. More: "We are not actively discussing negative interest rates at this point but it’s in our toolkit."The BoC's current policy rate is 0.25%.A check of ...
Japan reported a larger than expected balance of payments surplus in August of JPY2.1 trillion. Within it, the trade surplus rose to JPY413 bln, the largest since March. The RBNZ recognized that its dual mandate on inflation and employment is elusive and would not be met for at least ...
President Trump's tweet announced that negotiations with the House Democrat leadership had collapsed, and there will be no further talks until after the election. Many economists had been removing it from their Q4 GDP projections, but the market was caught wrongfooted. Risk came off. ...
Market moves have stalled. The MSCI Asia Pacific Index did manage to extend Monday's gains, but other markets are heavier. he dollar initially extended its loss but recovered after several key chart points were tested, including $1.18 in the euro, $1.30 in sterling, and $0.7200 in the...
Macro forces continue to have the upper hand amid the worst global recession since the 1930s. Over the last 13 years, the risk tolerance and time horizons of aging asset owners have come in significantly. The art of this is to stay defensive, calm and prepared to buy income yieldi...
New actions to contain the virus are being taken in the US and Europe, but investors are looking past it and taking equities and risk assets, in general, higher to start the new week. The dollar is under some pressure, falling against all the major currencies, but the Japanese yen and...
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On Tuesday, May 7th, U.S. stock markets closed mixed, with the S&P 500 and Dow Jones Industrial Average ending slightly higher, extending their...
On Monday, May 6th, U.S. stock markets closed higher for the third consecutive session, fueled by increasing investor optimism about pote...
On Friday, May 3rd, U.S. stock markets surged, with a softer jobs report reinforcing the argument for Federal Reserve rate cuts while highlighting ...