Bank of Canada meets; may opt for bigger 50-bps cut October flash PMIs to set the mood amid some growth concerns A relatively quiet week otherwise, with mostly second-tier releases BoC to Likely...
Recent economic data has lifted CapitalSpectator.com’s median growth estimate for the upcoming third-quarter GDP report. Using a variety of sources to generate a median nowcast, today’s revision...
ECB cuts rate, keeps door wide open to a December move Euro suffers as US retail sales surprise on the upside Focus today is on Fedspeak and in particular Fed’s Bostic Gold surpasses $2,700 as China...
Gold Renews All-Time Maximums Gold (XAU/USD) gained 0.71% on Thursday, reaching record highs as expectations for a more accommodative monetary policy from major central banks and a slight decrease in...
Yesterday, the Atlanta Fed's GDPNow tracking model raised Q3's real GDP growth rate from 3.2% to 3.4% following a roaring September retail sales report (chart). Real consumer spending was revised up...
The European Central Bank (ECB) lowered its interest rates by 25bp yesterday, in a widely expected and priced in move. Chief Christine Lagarde highlighted that inflation is coming under control,...
The luxury of labour hoarding is coming to an end in the eurozone as corporate profits dwindle. And that’s going to mean wage growth will ease, unemployment will tick up and we’ll see more...
The EUR/USD took out the 200-DMA support yesterday and extended losses to 1.0850 level ahead of today’s European Central Bank (ECB) decision. The ECB is expected to lower its rates by another 25bp as...
Gold Hits Record Highs on Expectations of Rate Cuts From Major Banks Gold (XAU/USD) reached record highs following expectations of rate cuts from the major banks. Gold climbed towards approximately...
Cable is trading at the lows after UK CPI data softened more than expected, to 1.7% y/y as figures showed yesterday. his gives the Bank of England room for more rate cuts, potentially weakening Cable...