March has widely been written off as the likely moment that some major central banks will start cutting interest rates but data next week may change that for one. The European Central Bank is arguably closer than any other at this point to pulling ...

It’s been a turbulent start to the year, one in which we’ve seen significant shifts in expectations for the economy, interest rates, and the markets. This past week was evidence of that with inflation exceeding expectations while retail sales dived ...

Oil prices remain very volatile and last week’s unexpected and substantial inventory build, reported by EIA, further added to that. The price fell sharply after the data and continued earlier today before recouping those losses to trade flat on the ...

The US dollar reached a two-month high against its Canadian counterpart on Wednesday on the back of some stronger economic data. The inflation figures from the US propelled the greenback higher as traders were forced to scale back expectations for ...

This could be a pivotal week for the US at the start of what is a huge year for the world’s largest economy. The focus now be on inflation and interest rates but it won’t be long until the topic of conversation becomes the Presidential election in ...

The data from the eurozone isn’t improving early in the new year, with the latest PMI surveys all remaining firmly in contraction territory. While we’re continuing to see improvements in the manufacturing survey, that comes from a very low base and ...

The Bank of Japan opted to leave interest rates and its yield curve control policy unchanged today, indicating a decision on negative rates may come at one of the upcoming meetings. It was always likely that no decision would be taken today as the ...

Gold is trading a little lower on Tuesday after bouncing higher once again in recent sessions. The yellow metal remains buoyed by very aggressive rate-cutting expectations, particularly in the US, but at the same time, it is struggling to generate ...

Labor market figures this morning have kicked off a big week of economic data for the UK in a promising way, with wage growth a particular highlight from the report. For a long time now, central banks have indicated that a significant amount of ...

The two big events of the last 24 hours haven’t really packed the punch they occasionally can which perhaps explains why we aren’t seeing big moves today. The FOMC minutes were arguably slightly on the dovish side, with the committee now seemingly ...

The Federal Reserve could not realistically have hoped for a better jobs report today but it will need to be one of a number of positive economic reports over the coming months before it’s ready to declare victory. The headline NFP miss combined ...

It’s been a volatile week in the oil market, with prices today down around 2% after rebounding a similar amount a day earlier. The economy remains a downside factor for oil prices, with traders clearly concerned about growth prospects amid high ...

It’s been another mixed session on Tuesday with investors potentially eyeing important events later in the week. The PMIs across Europe earlier in the day didn’t get things off to a great start and further backed the view that the region is heading ...

Now that Fed Chair Powell signaled that the Federal Open Market Committee will keep rates on hold at the next policy meeting, Wall Street will look to see how high growth will peak before the economy cools in Q4. Expectations are for the advance ...

UK consumers are reining in spending in the run-up to the festive season and the latest survey from Gfk suggests it’s not just the weather that’s driving it. Retail sales fell 0.9% in September, far exceeding expectations of a 0.3% decline as ...

Oil prices are increasingly hitting the headlines, with Brent crude coming within five dollars of triple figures which will naturally bring back bad memories of last year’s price surge. It is worth noting that, while oil could top $100, this is very ...

Inflation data from some eurozone member states was released on Thursday and there was some cause for optimism. While the eurozone HICP release isn’t due until tomorrow, we do get some insight ahead of time from the individual country breakdowns and ...

After a week of consolidation, oil prices are on the rise again on Wednesday ahead of the release of inventory data from EIA. The API release yesterday may have surprised some, recording an increase of 1.586 million barrels, a lot more than the 0.7 ...

We’re certainly seeing plenty of different approaches from central banks as they wrap up their tightening cycles, with the Bank of England today surprising with a hold while not adopting a particularly hawkish tone alongside it. That said, more ...

The main event of the week will be the September FOMC meeting. Powell and Co. are expected to keep rates steady but may still signal one more rate increase is coming. Too many upside surprises with service/jobs/consumer readings will keep the Fed ...