Author: Admin
Here is what you need to know on Friday, February 20:The number of United States (US) citizens submitting new unemployment insurance applications decreased to 206K, much lower than initial estimates of 225K, and down from the previous week’s revised 229K, according to the US Department of Labor.Focus now turns to US data released on Friday, including the Core Personal Consumption Expenditures (PCE) Price Index, the advance estimate for fourth-quarter US Gross Domestic Product (GDP), and preliminary February Purchasing Managers Index (PMI) data.The US Dollar Index (DXY) trades near a four-week high of 97.90, underpinned by stronger-than-expected results from the weekly…
It looks unlikely that the U.S. would try destroying Iranian oil infrastructure because the Trump administration has talked about bringing energy prices down, says strategist
The USD/CAD pair loses ground to around 1.3695 during the Asian trading hours on Thursday, pressured by higher crude oil prices. Nonetheless, softer Canadian inflation data has raised prospects the Bank of Canada (BoC) would resume its interest rate cutting campaign, which could weigh on the Canadian Dollar (CAD) against the Greenback.Crude oil prices rebounds amid persistent tensions between the US and Iran. This, in turn, boost the commodity-linked Loonie. It is worth noting that Canada is a major oil-exporting country, and higher crude oil prices generally have a positive impact on the CAD. Canada’s Consumer Price Index (CPI) inflation eased to…
Traders are assessing the possibility that the U.S. would attack Iran, and are considering the disruption that could cause to markets.
The Pound (GBP) has been little moved following a string of UK inflation figures for January and remains trading right above 208.00 against the Japanese Yen (JPY), with the two-month lows of 207.22 at a short distance.UK Consumer Price Index (CPI) released earlier on Wednesday has shown a significant decline in inflation, providing some leeway for the Bank of England (BoE), to ease its monetary policy further. Headline inflation contracted 0.5% in January, reversing a 0.4% advance in December, while yearly inflation eased to 3.0% from 3.4% in the previous month, figures in line with the market consensus.UK retail prices…
Genuine Parts shares tumbled Tuesday after a big earnings miss overshadowed breakup plans.
Brown Brothers Harriman’s (BBH) Global Head of Markets Strategy Elias Haddad expects the RBNZ to keep the Official Cash Rate at 2.25% while updating its projections. With inflation still elevated and the labor market improving, he anticipates the bank will bring forward its projected hikes. Swaps pricing of around 50 bps of tightening over twelve months is seen as supportive for NZD.OCR on hold but hikes signaled”The RBNZ is widely expected to leave the Official Cash Rate (OCR) unchanged at 2.25% (today). The focus instead will be on the RBNZ’s updated OCR forecast.””In November, the RBNZ projected the OCR to…
U.S. stock futures were little changed late Monday, following another brutal week for tech stocks.
Societe Generale’s Dev Ashish notes that Colombia’s Council of State has suspended the government’s 23% minimum‑wage increase, forcing President Petro’s administration to issue a new, economically justified decree within eight days. The decision temporarily halts the record hike, eases inflation concerns, pushes short‑term yields lower, and strengthens the Colombian Peso (COP), while increasing policy and political uncertainty.Court suspension lifts Peso and bonds”The Council of State—Colombia’s highest administrative court—has suspended the government’s 23% minimum‑wage increase announced in December.””The ruling requires the Petro administration to issue a new decree within eight days, supported by a detailed economic justification aligned with BanRep’s inflation…
Here’s how trading hours and other services will be affected on the federal holiday, which falls on Monday, Feb. 16, this year.