Bank of Canada’s Interest Rate Decision Will be a Tough Call

Summary United States: No Fireworks from the June Jobs Report It was a holiday-shortened week for many, but the economic data did not take a break. Nonfarm payrolls increased 206K in June; yet, downward revisions to the prior two months took much of the shine away from the headline gain. The unemployment rate ticked up […]

Market picture The crypto market failed to grow steadily, with total capitalisation falling 1.6% to $2.21 trillion. This is a slight correction following the unimpressive performance of the equity market. The Sentiment Index fell back into neutral territory, losing 7 points on the day to 48. Bitcoin fell below $63K, losing 1.4% in 24 hours […]

The second big surprise of the week came from the Swiss National Bank (SNB). The Swiss cut the interest rate by 25bp to 1.5% yesterday, in a surprise move and became the first major central bank to cut rates. The Swiss 10-year yield fell to 65bp and franc lost against the dollar and the euro. […]