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In focus today Focus in the euro area is on the ECB watchers conference where several ECB officials will be present. We will particular pay attention to Lagarde’s speech at 09:45 CET. From the US, the January JOLTs labour turnover survey is due for release. The number of job openings is a key measure of […]

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05/09/2024

ISM Shows Services Sector Continued to Grow in August

The ISM Services index was virtually unchanged in August, coming in at 51.5 from 51.4 in July, and virtually in line with the 51.4 expected. Like last month, ten of 18 industries reported growth for the month. The business activity sub-index showed a slight deceleration in growth, but stayed in the black at 53.3, while […]
01/05/2024

USDJPY Stabilizes a Tad Below 160.00

USDJPY jumps to its highest level since April 1990 A suspected Japanese intervention does not have meaningful impact Oscillators exhibit a divergence regarding overbought conditions USDJPY has been in a steady uptrend since the beginning of the year, posting a fresh 34-year high on Monday. After a roller coaster session that day following speculation over […]
23/03/2024

Canada’s January GDP to Edge Higher on Recovery from Quebec Strike

Canadian gross domestic product for January is expected to show modest growth on Thursday, while employment data will highlight whether weakness in job vacancies and wage growth still persists ahead of the Easter long weekend. We expect the Canadian economy to edge up 0.2% after a flat reading in December—and below the 0.4% increase forecasted […]