MacklemThe rates market is evenly-divided on whether the Bank of Canada will cut by 50 or 25 basis points on October 23.Today's GDP report was slightly better than forecast at +0.2% versus +0.1% expected but the advance August reading was flat. That has RBC estimating...
Healthcare hit: tech and industrials defy today’s downturn
Stock heatmap by FinViz.com Fri, 27 Sep 2024 13:46:15 GMTSector OverviewToday's stock market heatmap reveals a diverse landscape of sector performances. Notably, the healthcare sector is struggling, with Eli Lilly (LLY) leading the drop at -2.29%. Meanwhile,...
The USD is lower on PCE data. What are the technicals telling us in EURUSD, USDJPY &GBPUSD
The US PCE data was lower than expectations and it helped to push the USD lower. For the EURUSD, the price has moved above a swing area between 1.1181 and 1.11897. The next targets are at 1.1200 and the high for the week at 1.12130. Getting above those levels will...
Timiraos on why lower rates don’t necessarily mean lower rates
The WSJ's Nick Timiraos gets a bit into the weeds today in a column that highlights how borrowers might be reluctant to tap lower rates. That could make it more difficult for the Fed to generate an uplift in economic activity or stall the rise in unemployment.For me,...
US dollar slumps after softer inflation, China rate cut. AUD/USD hits 18 month high
The Australian dollar is at the highest levels since February 2023 as part of a broad selloff in the US dollar following softer US inflation data and China cutting lending rates.The definitive break above 0.6900 in AUD/USD cracks the June 2023 high and a series of...
Canada GDP for July 0.2% versus 0.1% expected
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China cuts borrowing cost of standing lending facility by 20 bps
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US wholesale inventories advanced for August 0.2% versus 0.3%
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US Advanced goods trade balance for August $-94.26 billion vs. -100.60B estimate
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US August core PCE +0.1% vs +0.2% expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US inflation (PCE) data due imminently – here are the critical ranges to watch
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Inflation data tops the US agenda today
US Core PCE YoYBy cutting rates 50 basis points, the Fed has declared something of a victory over inflation but there is still some problematic inflation, particularly around insurance, healthcare and housing. With China stimulating this week, next year might not be...
ForexLive European FX news wrap: Japanese yen surges as Ishiba wins PM contest
Headlines:Markets:JPY leads, GBP lags on the dayEuropean equities higher; S&P 500 futures down 0.1%US 10-year yields down 0.4 bps to 3.784%Gold down 0.1% to $2,667.98WTI Crude up 0.2% to $67.82Bitcoin up 1.1% to $65,410Shigeru Ishiba finally won Japan's top job,...
Goldman Sachs the latest to change their call on the ECB, now expects rate cut in October
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USDCAD Technical Analysis – Just a pullback or a reversal?
Fundamental OverviewThe USD remains under pressure amid the aggressive market pricing for rate cuts and better global growth expectations following the recent huge Chinese easing measures. It’s now a battle between global growth supporting the risk sentiment and...
BNP Paribas revises call and sees the ECB cutting rates in October now
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UK September CBI retailing reported sales 4 vs -27 prior
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GBPUSD Technical Analysis – The greenback pressure persists
Fundamental OverviewThe USD remains under pressure amid the aggressive market pricing for rate cuts and better global growth expectations following the recent huge Chinese easing measures. It’s now a battle between global growth supporting the risk sentiment and...
Incoming Japan prime minister Ishiba: We must ensure exit from deflation
Aims to accelerate incumbent prime minister Kishida's new capitalism pledgeWill consider appropriate timing for lower house electionRevitalising consumption is key for Japan to emerge from deflationary spiralMust scrutinise what will be the most effective step to...
Eurozone September final consumer confidence -12.9 vs -12.9 prelim
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