Goldman Sachs expects tariffs to push up goods prices and overall inflation in the coming months, with core inflation likely to rise even as pressures […]
“China heading towards a 4.5 day work week” (2.5 day weekend) is doing the rounds again
This idea has been floated multiple times over past years. Its getting a redo in the headlines again today. Sichuan province city Mianyang is considering […]
Forexlive Americas FX news wrap: US-China talks continue, progress cited
Lutnick: Talks are going really well, hope they end this eveningWorld Bank cuts 2025 global growth forecast by 0.4 percentage pointsBessent might shift from Treasury […]
GBPUSD at a crossroad: Breakout failure or next leg higher?
The GBPUSD made a bold push to fresh highs not seen since 2022, but momentum stalled just shy of the critical 50% retracement level from […]
How a boost in defense spending could lift the Canadian economy
Canadian Prime Minister Mark Carney announced an immediate rise in military spending to 2% of GDP yesterday (from 1.37%) and said it would rise from […]
US treasury auctions $58B of 3 year notes at a high yield of 3.972%
High Yield: 3.972% WI level at the time of the auction: 3.968% Tail: 0.4 bps vs. 6- month avg. 0.5bps. The difference between the high […]
Drill, baby, drill? US agency sees US oil prodcution falling next year
So much for ‘drill, baby, drill’. The EIA now forecasts that US 2026 oil production will be lower than 2025. 2025 forecast of 13.42 mbpd […]
EURUSD Bounce: Key MAs in play as bulls/buyers build their case
After a failed breakdown below the 200-hour MA earlier today that led to a snapback rallly, the EURUSD buyers have reclaimed short-term control on a […]
Cable makes the round trip on USD weakness and data questions
Cable has completed the round trip following a soft May jobs report. Unemployment rose to the highest since 2020 and payrolls fell by 109K. That […]
The other trade deal that could happen this week
USD/CAD perked up to 1.3728 in Asian trade but has since retreated back to 1.3689, slightly lower on the day. I spoke with Reuters yesterday […]