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Eurozone economy faces near-stagnation, ECB cautious on rate cuts – Rabobank
Rabobank's RaboResearch Global Economics & Markets report indicates a painfully slow manufacturing recovery in the Eurozone, with industrial confidence remaining weak. The…
Canada GDP surprised to the upside in Q3
Canada’s economy picked up speed in the July-September period. Indeed, the Gross Domestic Product (GDP) grew by 0.6% QoQ in the third quarter, reversing the previous 0.5%…
USD strengthens into month-end – Scotiabank
The US Dollar (USD) is entering Friday’s NA session with modest gains against most of the G10 currencies, supported by month end flows and a broader tone that appears somewhat…
Fine-tuning at OPEC+ rather than major changes – Commerzbank
At the semi-annual OPEC+ meeting, the focus is expected to be more on details rather than a change in the short-term production strategy. Oil prices are unlikely to be…
GBP/USD – Expected to rise to 1.3300
GBP/USD: Expected to rise to 1.33000 – UOB GroupThe Pound Sterling (GBP) is expected to rise to 1.3300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.24-HOUR VIEW: "On…
CAD is holding on to weekly gain – Scotiabank
The Canadian Dollar (CAD) is soft, down a marginal 0.1% against the US Dollar (USD) as it performs relatively well against all of the G10 currencies with the exception of Japanese…
The steroid Olympics make their pitch to investors
Happy Thanksgiving to all who celebrate. In the run-up to America’s favourite holiday, President Donald Trump pardoned Gobble and Waddle, two turkeys who might otherwise have spent…
Gold and Silver prices climb on expected Fed easing – Commerzbank
Silver is approaching its record high, with Gold also rising, as markets price in further interest rate cuts and declining inventories in China boost momentum, Commerzbank's…
India’s Russian Oil imports set five-month high in November – Commerzbank
There have been numerous indications recently that refineries in India would purchase less Russian Oil due to US sanctions. However, this is not yet reflected in the figures. On…