GBPCAD Wave Analysis

Summary United States: A Wild Week in a Data Desert It was a very quiet week on the U.S. economic data front, but financial markets were anything but calm. Last week’s run of weak U.S. data, capped by a troubling rise in the unemployment rate and a slowdown in nonfarm payroll growth, helped spark a […]

Markets European data today managed to temporarily steal attention away from the US. August PMI figures showed EMU business activity rising at a faster pace, but there’s more than meets the eye. The composite PMI ticked up to 51.2 (3-month high) whereas consensus expected a stabilization at 50.1. The EMU manufacturing remains deeply mired in […]

In focus today In the U.K. Chancellor of the Exchequer Jeremy Hunt will deliver his spring budget. With the general election looming the chancellor is expected to present a range of expansionary measures, namely tax cuts. In the US we get both JOLTs for January as well as ADP employment numbers for February. FOMC chairman […]