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Markets This week’s consolidation pattern on bond markets simply continued yesterday. Lower weekly jobless claims (213k) and a disappointing November Philly Fed Business outlook balanced each other out data wise. US yields added 3.3 bps (2-yr) to 0.4 bps (30-yr) in another small bear flattening move with money markets reducing the likelihood of a December […]

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10/02/2024

The Weekly Bottom Line: Fed Officials Continue to Signal Patience on Rate Cuts

U.S. Highlights The ISM Services index, which was on the cusp of falling into contractionary territory in December, improved notably in January, rising 2.9 points to 53.4. The one blemish to the report was a sharp move up in the prices index. With little on the data front, a series of Fed speeches took center […]
20/09/2024

Canada: Retail Sales Recover from Two-Month Slump.

Retail sales rose by 0.9% month-on-month (m/m) in July, reversing the two-month downward trend. This was higher than the Statistics Canada’s advanced estimate of a 0.6% gain. Adjusting for the impact of inflation, the volume of retail sales was up 1.0% m/m in July. Sales at motor vehicle and parts dealers rose by 2.2% m/m, […]
04/07/2024

EURUSD Holds Above 200-Period SMA

EURUSD continues the rebound off 1.0670 Price is bullish in near term Momentum oscillators are mixed EURUSD is finding strong support at the 200-period simple moving average (SMA) in the 4-hour chart near 1.0785. Also, the pair has been holding in an upside tendency after the bounce off 1.0670, with the MACD oscillator is holding […]