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Markets The framework deal agreed between the US and China overnight didn’t trigger an outsized market reaction. It is seen as confirming the trade truce reached in Geneva last month. Both countries are trying to create some goodwill, by agreeing to easing restrictions on exports of rare earths (China) or technology (US). Still, scant communication […]

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RBA Won’t Rush, But Will Cut More Next Year

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07/06/2024

ECB Cuts Rates as Expected, US Jobs Report Today’s Main Event

In focus today Today’s main data event will be the US May Jobs Report. We expect nonfarm payrolls to have grown by 190k, a modest uptick from April when weak public sector jobs growth weighed on the headline figure. Average hourly earnings growth likely remained steady at 0.2% m/m and we think unemployment rate will […]
23/01/2025

Canadian Dollar Steady Ahead of Retail Sales

The Canadian dollar is showing limited movement on Thursday. In the European session, USD/CAD is trading at 1.4396, up 0.13% on the day. The Canadian dollar started the week with sharp gains of over 1% but has since given up about half of those gains. Canada’s retail sales expected to have declined in November Canada’s […]
20/11/2024

S&P 500 index Wave Analysis

S&P 500 index reversed from support zone Likely to rise to resistance level 6000.00 S&P 500 index recently reversed up from the pivotal support level 5850.00 (former multi-day resistance from October). The support level 5850.00 was further strengthened by the lower daily Bollinger Band, support trendline from August and the 50% Fibonacci correction of the […]