‘Corrections are healthy,’ Bessent says, dismissing market worries after …
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Over the weekend China announced an array of economic stimulus measures. The country’s State Council released what it calls a “special action plan” to boost domestic consumption. It’s a 30-point plan. Highlights include a boost to incomes and a childcare subsidy scheme. I’ll have more to come on this separately. On the data agenda is
UPCOMING EVENTS: Monday: China Industrial Production and Retail Sales, US Retail Sales, US NAHB Housing Market Index. Tuesday: German ZEW, Canada CPI, US Housing Starts and Building Permits, US Import Prices, US Industrial Production and Capacity Utilization. Wednesday: BoJ Policy Announcement, FOMC Policy Announcement. Thursday: Australia Employment report, PBoC LPR, UK Employment report, BoE Policy
The past week in the currency markets was marked more by consolidation than decisive moves, even as risk aversion deepened in US stock markets. Dollar’s selloff slowed and turned into a modest recovery, but there was no clear momentum for bullish trend reversal. Sentiment remained fragile, weighed down by constantly escalating trade tensions and the
I spoke with BNNBloomberg on Thursday about the risks around the White House’s April 2nd planned announcement on global reciprocal tariffs, something I wrote about here. I also dove deeper into the Bank of Canada decision: People are overlooking the survey data they released. It was highly unusual to publish a survey along with the
Mon: Chinese Activity Data (Feb), US Retail Sales (Feb) Tue: EZ Trade Balance (Jan), German ZEW Survey (Mar), Canadian CPI (Feb), Japanese Trade Balance (Feb), NVIDIA (NVDA) CEO to speak at GTC Wed: FOMC Announcement, BoJ Announcement, EZ Final CPI (Feb), New Zealand GDP (Q4) Thu: BoE Announcement, SNB Announcement, Riksbank Announcement, PBoC LPR Setting,
The USD/JPY weekly forecast indicates rising economic uncertainty in Japan. Trump imposed a tariff on steel and aluminum imports. Tariff fears overshadowed a downbeat US inflation report. The USD/JPY weekly forecast turns positive as fears of the impact of Trump’s tariffs on Japan’s economy rise. Ups and downs of USD/JPY The USD/JPY price had a
Argentina’s National Consumer Price Index (CPI) has shown an upward trend once again, with the latest data for February 2025 revealing a hike to 2.40%, up from 2.20% in January, as updated on March 14, 2025. This month-over-month comparison signals that inflationary pressures remain a significant concern for the South American nation. The 0.20% increase
Markets: Gold hits $3000 for the first time ever. Backs off. The price is down -6 dollars or -0.20% at $2982.67. The high price today reached $3004.94. Gold is up 2.51% for the week. For the year, will prices are up 13.65%. Silver is trading down $-0.19 or -0.58% at $3.66. For the week, the