It was a quiet week for economic updates, giving analysts time to review last week's data, which clearly showed demand slowing down. While labor productivity remains strong, slower activity and rising service sector prices suggest mild stagflation.
Fri, 08 Aug 2025 21:11:00 -0400
Canadian manufacturing and wholesale trade reports on Friday will be in focus to help gauge the impact that U.S. tariffs are having on the trade-exposed industrial sector.
Fri, 08 Aug 2025 20:58:10 -0400
Natural gas tests a key support area around $2.96 to $2.90, but weak price action keeps bulls waiting for a reversal signal.
Fri, 08 Aug 2025 17:16:49 -0400
The search is being led by Treasury Secretary Scott Bessent will lead the vetting process, conduct initial interviews, and present a final shortlist to President Trump.
Fri, 08 Aug 2025 16:13:32 -0400
U.S. President Donald Trump's team is reviewing new contenders to be the next chairman of the Federal Reserve, with a longtime economic consultant and a past Fed president added to the list, the Wall Street Journal reported on Friday.
Fri, 08 Aug 2025 15:43:03 -0400
U.S. President Donald Trump's team is reviewing new contenders to lead the Federal Reserve once Chair Jerome Powell's term ends in May, including a longtime economic consultant and a past regional Fed president, the Wall Street Journal reported on Friday.
Fri, 08 Aug 2025 15:43:03 -0400
U.S. Treasury Secretary Scott Bessent is leading a search for a successor to Federal Reserve Chair Jerome Powell, with an expanded list that includes a longtime economic consultant and a past regional Fed president, a source familiar with the process told Rueters on Friday.
Fri, 08 Aug 2025 15:43:03 -0400
Since the Federal Reserve's decision last month to hold interest rates steady, a shift appears underway at the U.S. central bank, with several Fed officials sounding increasingly uneasy about the labor market and signaling their openness to, if not impatience for, a rate cut as soon as September.
Fri, 08 Aug 2025 15:37:21 -0400
Oil markets stabilized as traders took some profits off the table after the major move.
Fri, 08 Aug 2025 14:36:01 -0400
PM Carney speaking on the job data released this morning said: Wage growth now outpacing CPI growth The average hourly wages increase by 3.5% versus 3.2% month. However looking at the chart still near the lows going back to the pandemic.
Fri, 08 Aug 2025 14:06:39 -0400
The price of oil is trading is trading up $0.10 at $63.98. The price remains below its 100 day moving average at $64.89 keeping bearish bias versus the daily moving averages heading into the weekend.
Fri, 08 Aug 2025 13:36:33 -0400
The European indices are closing mixed, with the German DAX and UK's FTSE 100 unchanged and France's CAC, Spain's Ibex, and Italy's FTSE MIB all higher. For the week, the major indices are all closing sharply higher.
Fri, 08 Aug 2025 11:56:46 -0400
Natural gas has been noisy this past week, as we continue to see a lot of questions asked about the $3 level. This is an area that has been important more than once, and it is probably on the radar of options traders as well.
Fri, 08 Aug 2025 11:46:40 -0400
The crude oil market continues to see a lot of noise, as we are trying to bounce a bit just below an important level in both grades of oil that I follow here at FX Empire.
Fri, 08 Aug 2025 10:48:01 -0400
Oil came under increased pressure from recent decision of OPEC+ to further increase production, darkened economic outlook after US import tariffs were implemented, with the latest signals of potential meeting of US President Trump and Russian President Putin for peace talk, adding to weakened sentiment.
Fri, 08 Aug 2025 10:38:30 -0400
The natural gas market continues to see the $3 level as important, as we are simply chopping back and forth in this region. Ultimately, there are a lot of questions being asked about the demand for gas at the moment, leading to sideways action.
Fri, 08 Aug 2025 10:31:44 -0400
DXY stalls at 50-day MA near 98.200 as traders eye next week's CPI. Tariffs, Fed politics, and rising yields set the tone for the U.S. dollar outlook.
Fri, 08 Aug 2025 10:31:19 -0400
Brazil's government believes the economy is starting to feel the effects of high interest rates and will closely monitor data to see if those impacts are "wider than initially expected," Economic Policy Secretary Guilherme Mello said on Friday.
Fri, 08 Aug 2025 09:51:02 -0400
(SPX500) S&P preparing for another record The (SPX500) S&P looks to bounce back after the recent correction as earnings season continues to be the gift that keeps on giving. With America's trade policy in focus, it wasn't a surprise that traders decided to look elsewhere when trading the indices.
Fri, 08 Aug 2025 09:47:44 -0400
(SPX500) S&P preparing for another record The (SPX500) S&P looks to bounce back after the recent correction as earnings season continues to be the gift that keeps on giving. With America's trade policy in focus, it wasn't a surprise that traders decided to look elsewhere when trading the indices.
Fri, 08 Aug 2025 09:47:44 -0400
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