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The World Bank said yesterday that it expects growth to fall to 2.2% for the period that includes 2020 and 2024 and that’s the slowest 5-year period since 1990-1994. The slowing global growth expectations somehow keep the global yields subdued, but at 4% yield, the US 10-year bond is expensive and may not have much […]

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12/09/2024

September Flashlight for the FOMC Blackout Period

Summary Data released since the last FOMC meeting on July 31 make a compelling case for the Committee to begin easing the stance of monetary policy at its upcoming meeting on September 18. Inflation remains a bit above the Fed’s target of 2%, but momentum in consumer prices clearly is slowing. Meanwhile, the labor market, […]
12/07/2024

USDCAD Wave Analysis

USDCAD reversed from key support level 1.3600 Likely to rise to resistance level 1.3700 USDCAD currency pair recently reversed up from the key support level 1.3600, which has been steadily reversing the price from the start of May. The support level 1.3600 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci […]
25/01/2024

European PMIs weaker than analysts’ forecasts but didn’t disappoint markets

Preliminary January PMIs for Germany showed a worsening of the situation contrary to the expected improvement. The composite PMI in January was at 47.1 against 47.4 a month earlier, and there are forecasts of an increase to 47.8. The reason for the deterioration was a dip in the services sector. The index of activity in […]