Gold is set for the highest weekly close since April, what’s next
The Golden Bulls are definitely having a moment. In early December, as always, I highlighted the seasonal trend towards higher gold. Again it worked and continues to be the best…
GBP/USD RALLIES SHARPLY ABOVE 1.2070 ON DISAPPOINTING US SERVICES PMI
GBP/USD rallied sharply near 1.50% on disappointing US ISM data. Hawkish Fed call failed to weigh on GBP/USD. Next week’s economic calendar includes reports on GDP and US CPI. ,…
CIBC now sees the Bank of Canada hiking 25 basis points this month
Today’s jobs report showed the Canadian economy added 10 ,000 jobs in December, well above the 5,000 consensus. This follows a strong November CPI report and the OIS market is…
NASDAQ 100 Forecast: Accelerates to the Outside After CPI
Whether people are ready to endure the weekend or not is also a very interesting question that we will find out very soon. If they keep it up over the…
MUFG trade of the week: Stay short AUD/USD
Last week we brought you a business idea from MUFG that aimed to sell Australian dollars. They recommend selling the pair at 0.6 00, with a target price of 0.6050…
The US stock market indices open lower after the better-than-expected US jobs data
Better US employment data keeps the Federal Reserve on track for a 75 basis point hike in early November and a 50 basis point hike in December. That would raise…
North Rhine Westphalia August CPI 8.1% vs 7.8% y/y prior
On the month, inflation in Germany’s industrial state is seen up 0.3% relative to July. This continues to reaffirm elevated price pressures and the annual reading fits with estimates of…
UK July CPI +10.1% vs +9.8% y/y expected
Prior +9.4% Core CPI +6.2% vs +5.9% y/y expected Prior +5.8% UK inflation has hit double-digits as the annual figure for July comes up above 10%, beating estimates. While this…
FX Majors Weekly Outlook (15-19 August)
Tuesday: US Building Permits/Housing Starts. Wednesday: RBNZ Policy Announcement, US Retail Sales, FOMC Minutes. Thursday: Fed’s George and Kashkari. Following the strong labour market report, the US CPI last week…