Prior month revised higher to 2.3% from 2.2% Canada retail sales for June rose 1.1% vs. 0.3% estimate Ex autos 0.8% vs. 0.9% estimate sales were up in 8 of 11 subsectors representing 76.8%...
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Fed’s Barkin: Fed will do what it takes to return inflation to target
Fed will do what it takes to return inflation to target moving inflation to target will not happen immediately starting to see some precautionary softening in business investment Fed’s Barkin is not a voting...
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USD/JPY holding at its highest this month after July CPI data release
The Japanese data is here: Japan July headline inflation 2.6% y/y (vs. expected 2.2%) Core measures of CPI rose also. The Bank of Japan holds the view that current inflation levels are only transitory....
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Presidents Xi and Putin will both attend the G20 in Indonesia (November)
The 17th G20 Heads of State and Government Summit will take place November 15 and 2022 in Bali, Indonesia. Indonesia’s President Jowoki says that China’s President Xi and Russia’s Putin will attend. Jowoki was...
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Germany – eyes on the Rhine river water level, relief seen this weekend
Greg posted this earlier in the week: The Rhine River has fallen to a critical 40cm mark at a key German waypoint If the area becomes unpassable it impacts goods transport including coal and could...
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BlackRock are both overweight and underweight equities
An updated view from BlackRock on equities. Re my headline, the different weights are over different time frames. Say the analysts: We are overweight equities in our strategic views of five years or longer....
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WTI Crude Oil Forecast: Price Drifts Lower
The West Texas Intermediate Crude Oil market initially tried to rally on Tuesday but has also seen quite a bit of selling pressure. The market continues to be a scenario where we are looking at the...
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ETH/USD Forecast: Ethereum Drifts a Bit Lower
Ethereum fell a bit on Tuesday as we continue to look at the $2000 level above as a major resistance barrier. If the market was to break above the $2000 level, that would obviously...
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Natural Gas Technical Analysis: Breathtaking Truce
Natural gas futures fell throughout the Friday session, despite the slight change in daily prices. September gas futures contracts in Nymex settled at $8.768 per million British thermal units, down 10.6 cents from Thursday’s...
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USD/TRY Forex Signal: Negative Surveys About Lira
Best selling entry points Entering a short position with a pending order from levels of 18.33 Set a stop-loss point to close the lowest support levels at 18.55. Move the stop loss to the...
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