US top-tier data continues Thursday with January retail sales (ranges to expect)
Adam had a post on the full slate of data from the US, the highlight will be the January US retail sales report. You can see the priors and expected…
Read More »CIBC now sees one fewer Bank of Canada rate cut this year
Canada added 37.3K jobs in January compared to 15K expected. The unemployment rate fell to 5.7% from 5.9% as labor force participation also slipped. “Although labour market conditions remain looser…
Read More »ECB’s Panetta said that time for an interest rate cut is “fast approaching”
Governor of the Bank of Italy and hence European Central Bank Governing Council member Fabio Panetta spoke on Saturday, saying that “the time for a reversal of the monetary policy…
Read More »Is cable really going back into the range?
Cable is probably the most-interesting chart on my radar at the moment. It spent nearly two months in a 200-pip range from roughly 1.2600 to 1.2800. And it was a…
Read More »North Korea has fired several cruise missiles off its west coast
South Korea’s Joint Chiefs of Staff (JCS) info via media outlets in South Korea (Yonhap) This brings the number of North Korean cruise missile launches this year to 4, and…
Read More »Goldman Sachs liking Chinese equites, citing valuations (bargains)
Reuters cite a note it has seen from Goldman Sachs, bullish on Chinese stockmarkets. Hedge funds snapped up battered Chinese stocks over three days last week at the fastest pace…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.1733 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »Japan Jibun preliminary manufacturing PMI for December 48.0 (prior 47.9)
Jibun / S&P Global Preliminary December PMIs for Japan: Manufacturing 48.0 vs. 47.9 prior Services 52.7 vs. 51.5 prior Composite 51.1 vs prior 50.0 This article was written by Eamonn…
Read More »Forexlive Americas FX news wrap: US dollar falls as S&P 500 hits record high
US January UMich prelim consumer sentiment 78.8 vs 70.0 expected US existing home sales for December 3.78M vs 3.82M estimate Canada November retail sales -0.2% vs 0.0% expected Fed’s Daly:…
Read More »Australia Dec. Employment -65.1K (expected +17.6K) Unemployment rate 3.9% (exp 3.9%)
An ugly result, more than unwinding the strong November gain. Further evidence that the tightness in the labour market is dissipating. A less-tight jobs market will take some of the…
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