There were four important macro developments to note in recent days. First, the recent string of US economic data was firmer than expected and GDP looks to have expanded close to 3% in Q4.
Sat, 18 Jan 2025 07:15:00 -0500
Markets bid farewell to the last trading week before Trump 2.0 as incoming US President Donald Trump will be inaugurated on Monday. Markets have been bracing for volatility and potential surprises in policy as Trump returns to the White House.
Fri, 17 Jan 2025 15:48:50 -0500
The Consumer Price Index ended the year at 2.9% year-over-year, which is a minor improvement from its 3.1% rate in January 2024 and points to stalled progress on the road back to the Federal Reserve's 2% inflation target. We now look for only two 25 bps rate cuts in the second half of 2025 and expect the FOMC to hold at a target range of 3.75%-4.00% through 2026.
Fri, 17 Jan 2025 15:41:33 -0500
Commodity prices have started 2025 on an absolute tear with everything from the Metals, Energies to Agriculture notching up explosive gains!
Fri, 17 Jan 2025 15:37:44 -0500
Brazil's Finance Minister Fernando Haddad said on Friday that high interest rates are poised to have a much stronger effect on inflation than many expect, dismissing fears that fiscal challenges could undermine the effectiveness of monetary policy.
Fri, 17 Jan 2025 14:47:17 -0500
Oil markets are losing ground as traders continue to take profits after the recent rally.
Fri, 17 Jan 2025 14:03:27 -0500
Total rig count down -4 to 580 Oil rig count -2 to 478 Gas rig count -2 to 98 This article was written by Greg Michalowski at www.forexlive.com.
Fri, 17 Jan 2025 13:02:55 -0500
United States Baker Hughes US Oil Rig Count declined to 478 from previous 480
Fri, 17 Jan 2025 13:02:40 -0500
Bank of England Governor Andrew Bailey called for the world's financial powers, led by the United States and China, to avoid economic nationalism in a speech released three days before Donald Trump is due to be sworn in as U.S. president.
Fri, 17 Jan 2025 12:41:22 -0500
The major European indices closed solidly higher not only for the day but also the week. The gains have led to record closes for the German DAX, the UK's FTSE 100 and Italy's FTSE MIB.
Fri, 17 Jan 2025 12:16:52 -0500
The Congressional Budget Office is out with their forecast for the US deficit and also the benchmark for the new presidents term. Congressional Budget Office forecasts FY 2025 U.S. budget deficit at $1.865 trillion vs $1.832 trillion FY 2024 deficit.
Fri, 17 Jan 2025 12:06:35 -0500
The Pound Sterling (GBP) falls sharply against its major peers on Friday as the United Kingdom (UK) Office for National Statistics (ONS) reported that Retail Sales surprisingly contracted in December, another data that adds to the weak economic outlook. The Retail Sales data, a key measure of consumer spending, declined by 0.3% month-on-month.
Fri, 17 Jan 2025 11:27:22 -0500
The final consumer price index report for 2024 on Tuesday will be closely watched for further signs of easing in underlying price pressures in Canada, but we expect the data will be distorted by the GST holiday that began on Dec. 14. It applied to a subset of consumer purchases including some groceries, toys, and restaurant meals.
Fri, 17 Jan 2025 10:56:17 -0500
The Euro (EUR) is little changed against the US Dollar (USD) on Friday, holding around the mid- point of Wednesday's wide range, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fri, 17 Jan 2025 10:35:44 -0500
The natural gas market has gapped higher to kick off the week but then fell fairly hard. However, it is worth noting that we have found buyers and have bounced enough to suggest that the buyers are still in control.
Fri, 17 Jan 2025 10:09:10 -0500
Colombia Retail Sales (YoY) above expectations (4%) in November: Actual (10.4%)
Fri, 17 Jan 2025 10:00:28 -0500
The U.S. Dollar gained more than 7.6% in Q4 of 2024, which would be the highest quarterly gain for the currency since 2015. And for some additional scope, this would be the third highest quarterly jump for DXY in more than 30 years.
Fri, 17 Jan 2025 10:00:00 -0500
More from China's Xi: There are inevitable differences between China and US, the key is to respect each other's core interests and major concerns, and find proper ways to resolve issues . China a US shares broad common interests and broader space for cooperation.
Fri, 17 Jan 2025 09:59:00 -0500
Sharp selloff in commodity currencies against Dollar is dominating market action as the US session unfolds. While broader trading remains subdued, the sudden weakness in these currencies appears tied to trader caution ahead of President-elect Donald Trump's inauguration on Monday.
Fri, 17 Jan 2025 09:57:47 -0500
Global equities rose on Friday, adding to weekly gains, as declining bond yields, stronger than expected Chinese growth figures and upbeat earnings supported riskier assets.
Fri, 17 Jan 2025 09:57:41 -0500