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Goldman Sachs (GS) recently came out with its take on the recently easing inflation signals from the United States. The investment bank initially said, “Price inflation is slowing sharply,” before … Read More
Data released on Friday showed retail sales remained unchanged in September compared to August. Stripping volatile retail segments suggests some modest upward risk to third-quarter goods spending, explain analysts at … Read More
Gold price extends its gains to three straight weeks, up 0.54%. Stellar US jobs data exerts further pressure on the Fed, as next week CPI is eyed. US-China tussles add … Read More
The USD/CAD ended the week almost flat amidst a volatile’s Friday session. Canada’s May GDP contracted by 0.2%, on its preliminary reading, a headwind for the CAD. US manufacturing data … Read More
In the view of economists at Rabobank, the US is likely to avoid a recession this year. However, a recession seems inevitable in 2023. The inevitable recession “In the US, … Read More
Analysts at Goldman Sachs remain upbeat on the global equity markets, despite the recent correction, citing that “markets have reached “danger zone” levels yet.” “While it has not reached danger … Read More
The headline ISM Services index fell to 62.0 in December from 69.1 in November. The New Orders subindex fell to its lowest since November. The Institute of Supply Management’s headline … Read More
XAU/USD recovered as the New York session winds down, up 0.85%. The US 10-year Treasury yield plunged, down almost ten basis points, finishing the week at 1.358%. XAU/USD: A break … Read More
USD/JPY soars during the week, despite US dollar weakness across the board. Rising US T-bond yields underpins the USD/JPY pair. US Retail Sales upwardly surprised, rose by 0.7%, more than … Read More
The risk-on market sentiment struck government bond yields and the US dollar. UK’s IHS Markit Manufacturing PMI came at 57.1, better than expected. US ISM Manufacturing PMI shows expansion in … Read More
