Attention turns to Fed minutes and PCE inflation; can they lift the Dollar? RBNZ to likely cut again despite inflation pickup. Australian and Tokyo CPI, Canadian GDP, OPEC meeting on the agenda too. US yields Read more…
OpenAI recently revealed a major acquisition that shocked members of the tech community. The artificial intelligence (AI) startup has been in full focus lately after abandoning its plan to switch to a for-profit structure. This Read more…
We expect gross domestic product data on Thursday will show the Canadian economy grew by 1.8% annualized in Q1. The catch is that most of the increase came early in the quarter from a 0.4% Read more…
The US House managed to pass the budget bill with a slim majority of just one vote on Thursday. Cuts to spending on medicare and food stamps flipped the last votes in favour of the bill, Read more…
The circus moves on. Elon Musk isn’t as publicly, obviously involved in Washington as he used to be, that much is clear. But celebrations of his political exile are premature. Sure, it’s true that Musk Read more…
The circus moves on. Elon Musk isn’t as publicly, obviously involved in Washington as he used to be, that much is clear. But celebrations of his political exile are premature. Sure, it’s true that Musk Read more…
Gold has been back on its horses towards the second part of the month after retracing 10.8% from it’s April highs. Safe-Haven assets are bid today as President Trump reignites tariff discussions. Trading at $3,346, Read more…
Britain continues to be surprised by strong retail sector data. Data on consumer inflation accelerating to an annualised pace of 3.5% was complemented by strong retail sales figures, renewing buying momentum in GBPUSD. For April, Read more…
Southwest Airlines has been making some unpopular decisions lately, including eliminating the “Wanna Get Away” fare option, ditching its free checked bag policy that set it apart from other carriers, and eliminating skycaps in favor Read more…
USDJPY fell further on Friday, driven by the latest comments from President Trump about 25% tariff on Apple phones that were manufactured abroad and Japan’s inflation above forecasts in April that may question BOJ’s intentions Read more…