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Markets Weak January US retail sales triggered a rally in US Treasuries going into the long weekend with US markets closed on Monday in celebration of President’s Day. Headline sales fell by 0.9% M/M (vs -0.2% consensus) with sales in the retail control group, used as a proxy for consumption (goods spending) in GDP calculations, […]

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21/01/2025

Pound Slips as UK Payrolls Slide

The British pound continues to show sharp swings this week. After a spectacular 1.3% gain on Monday, GBP/USD has reversed directions and is trading at 1.2233 in the European session, down 0.68% on the day. UK payrolls slump, wage growth climbs The UK payrolls report, a reliable indicator of employment growth, showed a sharp decline […]
31/10/2024

Gold & Dollar: Safe-Haven Retreats

Dollar The dollar index corrected after four consecutive weeks of gains. This is typical when national currencies and bond markets come under pressure ahead of important elections. The U.S. is facing this right now, although the dollar is often seen as a safe haven in times of market turmoil. In this case, gold and cryptocurrencies […]
21/09/2024

The Weekly Bottom Line: Canada – Inflation Hits the Mark

U.S. Highlights The Federal Reserve started its easing cycle with a bang, reducing the policy rate by 50 basis points (bps), bringing the target range to 4.75%-5.0%. Futures markets are pricing an additional 75 bps of cuts by year-end, slightly more than the updated median FOMC forecast, which shows another 50 bps of cuts. Economic […]