Markets Weekly Outlook – PMI and PCE in the Spotlight as US Dollar Remains Sensitive to US Labor Data.A busy week that was still dominated by the highly anticipated Federal Reserve Meeting. I have to say, hats off to Fed Chair Powell who kept markets in check whether you think he is right or wrong in his decision.
The Weekly Bottom Line: Powell's ‘Risk Management' Cut.It was a busy week with updates on inflation and retail sales, along with rate cuts from the Bank of Canada and the U.S. Federal Reserve Bank. Despite the Fed's rate cut, U.S. bond yields popped, taking global yields with them.
Forward Guidance: Early Indicators Point to Canada's Growth Rebounding in July.Canada's gross domestic product for July on Thursday will take center stage as early readings suggest the contraction in Q2 growth was not likely repeated in Q3.
Argentina's central bank makes biggest daily dollar sale in six years to curb peso slide.Argentina's central bank on Friday made its largest daily dollar sale in nearly six years as it continued to use reserves to support the local currency, meeting strong dollar demand from institutional investors wary of political instability.
Natural Gas Price Forecast: Weekly Breakdown Points to Lower Targets.Natural gas extended its decline Friday, breaching key support levels and confirming bearish momentum, with Fibonacci retracements and chart patterns signaling risk of deeper downside ahead.