Colombia National Jobless Rate down to 8.8% in April from previous 9.6%
Colombia National Jobless Rate down to 8.8% in April from previous 9.6%
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United States Michigan Consumer Expectations Index registered at 47.9 above expectations (46.5) in May
United States Michigan Consumer Expectations Index registered at 47.9 above expectations (46.5) in May -
US: Consumer Spending Cools in April Amid Elevated Uncertainty
Consumer spending decelerated in April despite a modest acceleration in income growth. Personal income advanced by 0.8% month-over-month (m/m), well ahead of consensus expectations for a 0.3% m/m gain. This strength, however, did not filter through to spending, which cooled to a gain of 0.2% on the month. As a result, the personal savings rate […]
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Tesla gains 22% in May as Elon Musk ends time with Trump’s DOGEMusk’s work leading DOGE, President Donald Trump’s initiative to slash federal agencies and their resources, is coming to a formal end.
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EUR/AUD Weekly Outlook
EUR/AUD’s rebound from 1.7245 resumed last week and the development suggests that fall from 1.8554 might have completed as a correction. Initial bias stays on the upside this week for 38.2% retracement of 1.8554 to 1.7245 at 1.7745. Firm break there will solidify this bullish case and target 61.8% retracement at 1.8054. On the downside, […]
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EUR/CHF Weekly Outlook
EUR/CHF continued to gyrate inside established range last week and outlook is unchanged. Initial bias remains neutral this week first. Rise from 0.9218 might continue, either as a correction to fall from 0.9660, or the third leg of the pattern from 0.9204. On the upside, above 0.9419 will target 0.9445 resistance and above. Nevertheless, on […]
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Week Ahead: May NFP, Bank of Canada and ECB Rate Decisions
Week in Review: Trump Taco, USD indecision and RBNZ Rate decision This week was once again filled with tradable action in markets. The week started off with closed US and UK markets, a broadly positive sentiment taking global indices higher in the beginning of the week with the Nikkei 225 leading the charge. The US […]
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The Weekly Bottom Line: President Trump, the King, and the BoC
Canadian Highlights A U.S. court decision to block U.S. IEEPA tariffs could be a win for Canadian manufacturers if it’s upheld. Still, the U.S. has other legal means to impose tariffs on Canada, and sector-specific ones remain in place. Canadian GDP advanced at a reasonably firm 2.2% pace in Q1. However, domestic demand flatlined, reinforcing […]
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United States UoM 5-year Consumer Inflation Expectation came in at 4.2% below forecasts (4.6%) in May
United States UoM 5-year Consumer Inflation Expectation came in at 4.2% below forecasts (4.6%) in May -
United States Chicago PMI registered at 40.5, below expectations (45) in May
United States Chicago PMI registered at 40.5, below expectations (45) in May
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