Another hefty 75 bps increase in the overnight rate is what we expect from the Bank of Canada next week. This would take the rate to a restrictive 3.25%, just above the 2% to 3% Read more…
Hawkish central bankers: Fed chair Powell struck a fairly hawkish tone in his Jackson Hole speech, signalling that Fed is committed to bringing inflation down even if it requires an extended period of below-trend growth Read more…
EUR/USD falls over gloomy outlook The euro weakens as traders fret that an aggressive ECB is pushing the bloc to the brink of a recession. Euro zone inflation continues to surge and could hit a Read more…
Natural gas is the cornerstone of the European economy. If most of the world is struggling with rising energy prices, Europe is under the fiercest attack among us. Natural gas and electricity prices have risen Read more…
Another euro zone’s inflation report is noticeably above analysts’ expectations. Eurozone data published on Friday afternoon showed producer price growth of 4% for July and 37.9% year-on-year. At the same time, analysts had expected a Read more…
The U.S. economy added 315k jobs in August, coming in slightly above the consensus forecast of 300k. Revisions to the two prior months were negative, subtracting 107k jobs to the previously reported figures, though most Read more…
The billionaire CEO of Meta Platforms’ faith in the crypto industry remains intact. But does he really have a choice? Mark Zuckerberg, CEO of the social media empire Meta Platforms (META) – Get Meta Platforms Read more…
Biometrics is being used on cruise ships and at sports venues and will expand to other industries because of its efficiencies. A growing number of sports teams and stadiums have adopted the use of facial Read more…
The fast-food chain adds some unique items that McDonald’s and Burger King don’t have. Fast food, at least among the major burger and chicken chains, has become a battle of copycats. If one brand scores Read more…
It has been a week to forget for the Japanese yen, as USD/JPY has climbed 2.23% and has pushed across the symbolic 140 line. In the North American session, USD/JPY is trading at 140.57, up Read more…