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Markets Trade talks between the US and China entered their second day in London. The presence of US Treasury Secretary Bessent, commerce secretary Lutnick, trade representative Greer and Chinese Vice Premier He Lifeng and commerce minister Wang Wentao underscores the importance of that gathering one week after US President Trump and Chinese President Xi Jinping […]

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Silver Price Forecast: XAG/USD Makes 13-Year Highs, $37 in Sight

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01/12/2024

The Weekly Bottom Line: Turkey with a Side of Trade Uncertainty

Canadian Highlights The threat of a 25% tariff on Canadian goods by President-elect Trump earlier this week impacted financial markets – pressuring the loonie lower by about 1.5%. It currently sits at 71 cents U.S. If implemented, the tariffs would result in a significant drag on the Canadian economy. GDP growth was soft in the […]
02/11/2024

Weekly Economic & Financial Commentary: What Goes Up, Must Come Down

Summary United States: It’s Halloween. Everyone’s Entitled to One Good Scare. Nonfarm payrolls rose a much weaker-than-expected 12K in October. Worker strikes and hurricanes played a major role in the headline miss. The unemployment rate, which is derived from the household survey and counts those not working due to a strike or severe weather as […]
18/04/2024

US, Japan Express Concern Over Japanese Yen

The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%. It’s a light data calendar today. US unemployment claims were unchanged at 212,000 and the Philly Fed Manufacturing index surged to 15.5 in April, up from 3.5 in March and crushing the market estimate of […]