Category Finance

I saw this nostalgic photo of the IBM office in Toronto in 1963 yesterday and it’s a good one to share ahead of today’s economic calendar, which is heavy on Canada. Canadian retail sales and PPI are due at the bottom of the in what’s an otherwise-quiet day…

As the North American session begins, the GBP is the strongest and the JPY is the weakest. The USD is stronger. The Bank of Japan (BOJ) left interest rates unchanged at 0.25% during its September 2024 monetary policy meeting. This was as expected. The BOJ noted that Japan’s…

Inflation could be more-prone than it was in the past 25 years in a shock-prone worldCentral banks need to be closely attuned to how AI is affecting inflation, both indirectly and directlyAI is expected to boost productivity, when labor productivity is rising, economy can grow more quickly without…

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The dollar fell in trading yesterday but there’s no extension to that so far today. Besides USD/JPY, other dollar pairs remain relatively muted after some light extension to the ranges earlier. Here’s a snapshot of things currently: GBP/USD did nudge up to a high of 1.3340 after the…

Fundamental Overview On Wednesday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with…

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Fundamental Overview Crude oil continues to remain supported as the buyers might be looking forward to the consequences of the Fed’s easing cycle on economic activity. As a reminder, the positioning in crude oil is at record lows and the sentiment is very bearish. These factors can generally…