investingLive Americas FX news wrap 28 Aug
Fed’s Warsh: Numbers on price stability are ‘more concerning’ Univ of Michigan final sentiment index for August 51.7 vs 51.0 estimate Fed’s Hammack: It’s time to act with rate hikes,…
Read More »Morning Kickstart: USD mixed as ranges remain tight. Stocks higher. Oil and yields lower.
The US dollar is mixed and little changed to start the new trading day. USDJPY is the largest mover, rising just 0.13%. The dollar is weaker against the AUD and…
Read More »investingLive Americas market news wrap: Non-farm payrolls turn negative, dollar drops
US July non-farm payrolls -23K vs +80K expected Canada July employment change +75.1K vs +15K expected Canada and the US discussing tariff relief deal Fed’s Barkin: We are in a…
Read More »Canada June PPI -1.4% versus -0.4% expected
Prior +1.2% revised to 1.4% PPI MoM -1.4% vs -0.4% expected PPI YoY 12.4% vs 13.6% last month Raw Material Price index MoM -6.9% vs 0.5% last month Raw Material…
Read More »Why lower oil prices won’t lead to lower inflation just yet
Lower oil prices generally lead to lower consumer fuel prices … but not always. There is a risk that models are overly tied to oil prices and that’s leading to…
Read More »investingLive Americas FX news wrap 10 Jul
Canada June employment report shows +18.2K jobs vs +10K expected Baker Hughes total rig count +1 at 580 Fed report to Congress sees ‘stepped up’ inflation in the spring Canada…
Read More »OPEC+ Is likely to raise oil output quotas for August by 188K BPD.
Reuters is reporting that OPEC+ is likely to raise oil output quotas for August by 188K BPD. OPEC+ will meet on Sunday. The increase would continue OPEC+’s gradual monthly unwinding…
Read More »US Dollar holds steady amid rising tensions in Middle East
The USD is higher but little changed vs most of the major currencies. It is trading above and below unchanged vs the GBP, and up vs the EUR and the…
Read More »investingLive Americas FX news wrap 15 May: Powell exits as inflation fears roar
US major indices close lower. Declines today erase the week’s gains. Powell exits after one of the wildest Fed eras in history Gold tumbles lower today on the back of…
Read More »UAE set to accelerate new oil pipeline project to help bypass Strait of Hormuz
The pipeline is already under construction but the latest decision by the UAE is to accelerate said project in order to become operational in 2027. The Crown Prince of Abu…
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