© Reuters. FILE PHOTO: Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration By Rae Wee and Alun John SINGAPORE (Reuters) – The yen softened on Monday, extending losses from a volatile session at the end of last week after the Bank of Japan (BoJ) loosened its
Share: Data released on Friday showed that Canadian GDP posted a 0.3% monthly increase in May, in line with forecasts. Analysts at CIBC pointed out that the economy had its ups and downs during the second quarter, but despite the monthly volatility, it appears that growth cooled a little more than the Bank
Today’s May Canadian GDP report met expectations at +0.3% but the advance estimate for June was -0.2%. With that, CIBC calculates that growth in the quarter is tracking close to 1.0%, less than the 1.5% assumed in the latest Bank of Canada estimates. Some of that was due to a drag from forest fires and
Prior +0.2%; revised to +0.1% The French economy grew more than anticipated in Q2 but the devil is in the details. Exports were the main contributor to growth on the quarter, with the breakdown showing: Domestic demand -0.1% Inventory changes -0.1% Net foreign trade +0.7% This article was written by Justin Low at www.forexlive.com. لینک
US Dollar (DXY) Analysis USD barely budges after the FOMC announcement as traders require more convincing around another rate hike. Dollar weakness seen this morning ahead of ECB Large speculators, hedge funds positioning suggests greater USD pessimism Major risk events: US Q2 GDP and PCE inflation data The analysis in this article makes use of
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Dow, DAX Index Analysis Recommended by Richard Snow Get Your Free Equities Forecast DAX Pushes Past Significant Resistance as Earnings Season Continues The DAX received a boost ahead of the ECB rate announcement today as earnings season grips the German index. A broad list of stocks that have reported positive earnings updates this week are
SECOND-QUARTER USD GDP KEY POINTS: The U.S. economy grew at an annualized rate of 2.4% in the second quarter, well ahead of expectations of 1.8% Personal consumption expenditures, the main driver of economic activity, decelerated to 1.6%, but remained elevated by historical standards Better-than-expected data pushed U.S. Treasury yields higher, boosting the U.S. dollar Recommended
Share: USD/CAD loses momentum following the Federal Reserve (Fed) meeting. The Fed hiked its rate by 25 basis points (bps) to a target range of 5.25%–5.5%. Market players anticipated that the BoC will likely not see the need to raise rates further this year. Investors await preliminary Q2 US GDP growth. The USD/CAD
Sun: Spanish Elections. Mon: EZ/UK/US Flash PMIs (Jul). Tue: German Ifo Survey (Jul), NBH Announcement, Richmond Fed (Jul). Wed: FOMC Announcement, Australian CPI (Jun). Thu: ECB Announcement, US GDP Advance/PCE (Q2). Fri: BoJ Announcement & Outlook Report, French Flash CPI (Jun), Spanish Flash CPI (Jun), EZ Business Confidence Survey (Jul), US PCE (Jun). NOTE: Previews
