US The month started with a bang with the US jobs report but the following week is looking a little more subdued, starting with the bank holiday on Monday. Economic data is largely made up Read more…
The Canadian economy contracted by 0.2% quarter/quarter annualized (q/q) in 2023 Q2. Furthermore, the flash estimate for July was essentially unchanged. Stripping out external factors, final domestic demand came in at 1% q/q, right on Read more…
Canada’s GDP contracted -0.2% mom in June, matched expectations. Services-producing industries was down -0.2% mom. Goods-producing industries were down -0.4% mom. 12 of 20 industrial sectors posted decreases. Advance information indicates that real GDP was Read more…
Market picture The crypto market lost 3.5% in 24 hours, again falling below $1.05 trillion. The formal start of the sell-off was the news that the SEC had delayed its review of bitcoin ETF applications. Read more…
Market picture The crypto market lost 3.5% in 24 hours, again falling below $1.05 trillion. The formal start of the sell-off was the news that the SEC had delayed its review of bitcoin ETF applications. Read more…
UK PMI Manufacturing was finalized at 43.0 in August, down from 45.3 in July. This marks the lowest level since May 2020, underscoring the frailty in the sector. S&P Global highlighted that the demand slackened Read more…
Gold price is showing positive signs above the $1,925 pivot level. Crude oil price is rising and it could climb further higher toward the $85 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Read more…
Daily Pivots: (S1) 183.63; (P) 184.90; (R1) 185.70; More… Range trading continues in GBP/JPY and intraday bias remains neutral. Price actions from 186.75 are viewed as a corrective pattern. Another fall could still be seen Read more…
Swiss CPI rose 0.2% mom in August, matched expectations. Core CPI (excluding fresh and seasonal products, energy and fuel) rose 0.1% mom. Domestic products prices was flat 0.0% mom. Import products prices rose 0.8% mom. Read more…
The Reserve Bank Board meets next week on September 5. We are confident that the Board will decide to keep rates on hold at the meeting. Following the Board’s decision to hold rates steady at Read more…