While until recently, economists were hawkish on the Bank of Canada and preparing for a rate hike as early as July, the prospects of a rate hike are starting to diminish if recent data is anything to go by. Last week, data from Canada covered the retail sales and inflation reports. An unexpected dip in Canada's retail sales in April and a rat...
Retail sales in the United States posted a strong rebound in the month of March snapping a three month consecutive decline. Retail sales were boosted by a bigger than increase in motor vehicle sales and other big items. Despite the stronger than expected increase in retail sales, the overall report showed only a modest pace of growth. This wa...
Economic data for the week ahead will slightly take a back seat with only a few central bank meetings lined up. The Swiss National Bank will be holding its quarterly monetary policy meeting this week. The 3-month LIBOR rate is expected to remain unchanged. Later, the Norges bank will be holding its monthly monetary policy meeting. Norges bank...
After the US Jobs Report outcomes, which came in much better than expected, estimates were rising that the Federal Reserve will still be able to raise the Fed Fund Rate in September and probably in December. Such outcomes and the notable rise in the estimates of two more rate hikes this year has pushed the US Dollar higher at the beginning of l...
The US Dollar Index tumbled last week, closing below 94.0 for the first time since August of the last year, which deepened the current bearish outlook. The main reason behind last week’s sharp decline came on the back of the news from the US Congress. Two of the major members of the Republican party noted that they would not back the new health...
For the past few years, if you were following the business news bulletins anywhere in the world, you should have noticed that many were warning of the situation in China. The headline is almost the same everywhere “China’s slowing down”. In many occasions, many were blaming China, demanding for broader reforms. However, maybe they forgot somet...
After weeks and months of denying that the economic slowing down is transitory, we get more and more signs that the US economy is indeed slowing down, which in return would hold off the Fed from raising rates this year. Today, almost the entire core economic releases showed a shocking readings, including Retail Sales, Core Retail Sales, CPI and...
In the next few hours, we are expecting US economic figures to be released. This data is set to have a notable but limited impact on the markets, ahead of the Federal Reserve decision later tonight. During the US session ahead, we will be watching five economic figures, including CPI, Core CPI, Retail Sales, Core Retail Sales in addition to the...
In the coming few hours, traders will be watching further economic releases from the UK, which likely to have a notable impact on the markets. Retail Sales will be released today at around 09:30 GMT+. The estimates are encouraging, pointing to an increase of 0.4% in February, after declining by -0.3% in January, which would be the first monthly...
The US Dollar advanced across the board yesterday, rising above 101.0 for the first time in two weeks. This is due to the Federal Reserve Chair Yellen testimony yesterday. Surprisingly, Janet Yellen kept the door open for a possible rate hike in March meeting, which pushed the Dollar higher, even though the Fed Fund Futures is pricing in 30% ch...
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