After seeing UK inflation accelerating to double digits earlier this week, pound traders may now turn their gaze to the flash UK Purchasing Managers Indices (PMIs) for August, due to be released out on Tuesday Read more…
Both cruise lines have big plans to build out expanded private islands like Royal Caribbean’s CocoCay. The biggest cruise ships have become destinations as you’re essentially sailing around the ocean in a ship that’s the Read more…
The Eurozone economy may have notched up impressive growth in the second quarter, but conditions have started to deteriorate rapidly in the third quarter. The flash PMI estimates by S&P Global due on Tuesday will Read more…
With the summer coming to a close, Fed officials will head to Jackson Hole for their annual symposium. Financial conditions have loosened lately despite the forceful rate increases, which is counterproductive for the central bank. Read more…
Credit: Amazon Whether it’s to have a family movie night or it’s to enjoy your favorite weekly TV show, having a nice TV can make all the difference. Unfortunately, it can be hard to try Read more…
The US dollar has quite expectedly accelerated its rise. EURUSD is trading less than 50 pips from parity, which it managed to defend in mid-July, having retreated from 20-year lows. GBPUSD has also quickly returned Read more…
If you’re walking out of a big-box grocery retailer feeling as if you’ve dug a lot deeper at the checkout, you’re not imagining things. Here’s a phrase every consumer should understand: “purchasing power.” It represents the Read more…
Markets: A new day, a new sell-off on core bond markets. This week showed that the Summer lull is definitely over. Four Fed members dotted the i’s and crossed the t’s yesterday. Current market positioning Read more…
EUR/USD under pressure as recession looms The euro struggles over dimming growth outlooks. The recession risk is not negligible given the energy crisis in Europe, and growth data have pointed to a slowdown. However, a Read more…
Retail sales rose modestly in June, up 1.1% from a month ago. This is well above Statistics Canada’s preliminary estimate for a 0.3% gain. However, growth was considerably softer in inflation-adjusted terms, with the monthly Read more…