The soft machinery orders print undercuts the case for near term Bank of Japan tightening, as a weaker leading capex signal suggests the investment side of the economy may be losing steam just as the BoJ weighs its next move on policy normalisation. I suspect, along with most everyone else that a rate hike this week is baked in: Preview: Goldman Sachs sees yen and Nikkei risk building on faster…
The core of the US proposal is a hard cap on how much of an AI server, chip or related piece of hardware can be built from parts sourced outside North America, which would directly hit the assembly model many firms have used to route Chinese made components through Mexico. That threshold, once set, would raise costs and complexity for manufacturers who have shifted AI hardware production south of…
I think we can all agree it's a wating day for the FOMC. The Fed battleground is no longer Wednesday's meeting, but the ones afterwards Calendar for the session ahead: This article was written by Eamonn Sheridan at investinglive.com.
Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on crypto-linked equities, with Bitcoin miners and treasury companies also declining.
Explosions heard in Saudi Arabia Canadians continued to spend through August - RBC spending tracker shows US 20-year bond auction tails by 2 bps Bessent: For a nominal amount, the US Treasury was able to signal support for Japanese policies Senate leader Thune: I am open to considering an export ban on diesel Oil jumps after Libya says may declare force majure as protests suspend production…
A Bank of England policy maker said digital dollars could expand access to the US currency while turning stablecoin issuers into bigger buyers of government debt.
The crypto exchange is expanding its traditional finance offerings with 11 US-listed exchange-traded funds focused on US Treasurys and investment-grade bonds.
Bitcoin price action weakened over market nerves prior to the Senate CLARITY Act vote, while surging bond yields pressured risk assets across the board.
An MEV bot known as “Yoink” front-ran an attacker attempting to exploit a custom Safe module, capturing the stolen rsETH before Kelp temporarily froze the receiving address.
The Canadain dollar is down for the fifth consecutive day as USD rises across the board on an expected Fed rate hike. Below the surface, Prime Minister Mark Carney is trying to lay the groundwork for an investment boom. He's hosting an investment summit in Canada this week and that's included a series of announcements on spending, including one on a data centre yesterday. Today's announcement is…
Canada’s July wholesale trade: Wholesale sales MoM: +0.3% vs -0.5% expected. Prior +2.8% Wholesale sales YoY: +7.9% Wholesale sales volumes MoM: -0.6% Wholesale inventories: Essentially unchanged at C$140.6 billion Inventory-to-sales ratio: 1.51 vs 1.52 in June Canadian wholesale sales increased 0.3% to C$93.1 billion in July, according to Statistics Canada. That was stronger than the 0.5%…
Prior was +20.6 New orders +2.0 vs +17.3 prior Prices paid +63.1 vs +58.6 prior Employment +10.6 vs +9.3 prior Six monthis index +29.0 vs +32.1 prior This report isn't a big market mover but it lands on the morning of the first day of the Fed meeting so it will be notable, particularly for the doves. There has been so much of this back-and-forth with economic data that it's easy to imagine either…
U.S. ADP NER Pulse for the four weeks ending August 29: Weekly private employment change: +16,250 vs +12,000 expected. Prior +12,250 Four-week moving average, seasonally adjusted U.S. private employers added an average of 16,250 jobs per week during the four weeks ending August 29, according to ADP Research. The result was stronger than the 12,000 estimate and increased from 12,250 previously.…
Headlines: USD/INR erases all RBI intervention gains as surging oil prices weigh on the Indian Rupee Oil remains supported as supply risks intensify and diplomatic progress stalls Bill Lipschutz's scale trading strategy: Why smart traders don't go all in at once Managing Currency Exposure With OANDA’s Forex Trading Platform Zcash outperformed most cryptocurrencies following ETF launch, now focus…
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