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Geopolitical Tensions Moderate Ahead of US Jobs Week

The US dollar was up against majors pairs on Friday ahead of the release of employment data in America. On a weekly basis the greenback gained against the CAD, EUR and GBP but lost ground against the JPY, AUD and CHF after five days that featured various geopolitical developments. Holidays in the United Kingdom and […]

U.S Capital Equipment Orders Rise

Orders placed with U.S. factories for business equipment rebounded in April even as the prior month’s figure was revised downward, indicating resilient demand at the start of the second quarter, Commerce Department figures showed Friday. Highlights of Durable Goods (April) Non-military capital goods orders excluding aircraft rose 1% m/m (est. 0.7% gain) after falling 0.9% […]

Geopolitics Downs Dollar and Stocks

Friday May 25: Five things the markets are talking about President Trump’s decision to cancel his summit with N. Korea’s Kim Jong-Un yesterday, mentioning Pyongyang’s anger, is expected to keep geopolitics the primary concern for investors and dealers throughout the long weekend in the U.S. It’s not a surprise that yesterday’s White House move has […]

U.S Weekly Jobless Claims Increase

New applications for U.S. unemployment benefits increased more than expected last week, but remained below a level consistent with a healthy labor market. Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 234,000 for the week ended May 19, the Labor Department said on Thursday. Claims data for the prior week was […]

Trade War Talks are Back and the Dollar is Falling

Thursday May 24: Five things the markets are talking about Global stock markets remain under pressure as investors shun risk assets for relative safe havens. Rising Italian bond yields, fading prospects for the North Korea summit, disintegrating EM currencies, and deteriorating E.U economic data continue to wreak havoc amongst the various asset classes. Note: Italian […]

U.S is a Net Energy Importer from Canada

Canada is the largest energy trading partner of the United States, based on the combined value of energy exports and imports. Although the value of bilateral energy trade with Canada has varied over the past decade, driven primarily by changes in the prices of oil and natural gas, the overall structure of bilateral energy trade […]

Turkish Lira Collapse Continues

Wednesday May 23: Five things the markets are talking about Geopolitical risks from Turkey to N. Korea, from China to Italy, have pressured global equities in overnight trade. U.S Treasuries, along with the ‘mighty’ dollar have found support, while crude oil prices dropped along with most commodities. Yesterday, U.S President Donald Trump tempered market optimism […]

Italian Bond Yields Off Highs after Six Days of Selling

Italian government bond yields came off 14-month highs on Tuesday as the market paused after six days of heavy selling on concerns over the high-spending policies mooted by a potential coalition government in the euro zone’s third-largest economy. The likelihood of a new Italian government being formed by the 5-Star Movement and the far-right League […]

China to cut Tariffs on some Auto Parts and Vehicles

China’s Finance Ministry said that it will cut import tariffs on some vehicles to 15 percent, down from as much as 25 percent. The announcement Tuesday also said that tariffs on some automotive parts would fall to 6 percent. The cuts will be effective from July 1. The move signifies an attempt to open up […]

Canada: Wholesale trade, March 2018

Wholesale sales rose 1.1% to $62.8 billion in March, more than offsetting the decline in February. The motor vehicle and parts subsector contributed the most to the gain. Excluding this subsector, wholesale sales rose 0.2%. Sales were up in four of seven subsectors in March. In volume terms, wholesale sales rose 0.8%. In the first […]