All Articles

Japan's GDP surprised on the upside in Q2, with a strong gain of 2.2% y/y, as private consumption and exports increased. US nonfarm payrolls fell to 22 thousand and the markets have fully priced a rate cut at next week's Fed meeting.

08-09-2025 13:20 GMT by Kenneth Fisher

Canada and US post weak job numbers, Canadian dollar steady

Canada's employment report was very soft. Employment fell by 66 thousand and the unemployment rate rose to 7.1%. In the US, nonfam payrolls dropped to 22 thousand, down from a revised 79 thousand and missing the market estimate of 75 thousand.

08-09-2025 09:50 GMT by Kenneth Fisher

UK retail sales beat estimate, US nonfarm payrolls sink, pound jumps

UK retail sales accelerated in July but the cup was only half full as the June figure was revised sharply lower. In the US, nonfarm payrolls slipped to 22 thousand, down from 79 thousand and well short of the market estimate of 75 thousand.

05-09-2025 13:05 GMT by Kenneth Fisher

Canadian dollar eyes Canadian, US jobs data

It could be a busy day for the Canadian dollar, with the release of US and Canadian job reports. Canada's economy is expected to add 7.5 thousand jobs after a huge loss of 40.8 thousand in July. In the US, nonfarm payrolls are expected at 75 thousand, almost unchanged from 73 thousand in July.

05-09-2025 10:10 GMT by Kenneth Fisher

BoE's Bailey unsure about pace of rate cuts, pound eases

BoE Governor Bailey told lawmakers on Wednesday that he expected rates to fall but was unsure of the pace. The US releases nonfarm payrolls, with the markets braced for a weak gain of 75 thousand.

04-09-2025 15:10 GMT by Kenneth Fisher

US ISM Services PMIs beat expectations – Market overview

ISM Services PMI beat expectations. Explore the market reactions and get access to this morning's report.

04-09-2025 14:15 GMT by Elior Manier

Swiss CPI declines, will SNB revert to negative rates?

Swiss inflation declined in August, raising speculation that the SNB could revert back to a negative rate policy. The SNB meets later this month and is expected to maintain rates at zero.

04-09-2025 13:45 GMT by Kenneth Fisher

ADP private employment misses on expectations and Jobless Claims rise again – a preview for tomorrow's release?

ADP Employment misses, Jobless claims rise and Unit Labor costs increase less than expected. Amid these downbeat data releases, Markets seem to still only be looking forward to tomorrow's NFP release.

04-09-2025 12:53 GMT by Elior Manier

Australian GDP beats estimate, Aussie edges higher

Australia's GDP expanded more than expected in Q2, at 1.6% y/y. This was the fastest pace of growth in almost two years and was driven by an increase in household consumption and government spending. The RBA is expected to hold rates at the September meeting and cut in November.

03-09-2025 10:30 GMT by Kenneth Fisher

Euro CPI ticks higher, US ISM Mfg. PMI misses estimate, euro lower

Eurozone CPI ticked higher to 2.1%, up from 2.0%. Core CPI was unchanged for a fourth consecutive month at 2.3%. In the US, ISM Manufacturing PMI improved to 48.7 from 48.0, short of expectations and marking a six consecutive contraction.

02-09-2025 14:45 GMT by Kenneth Fisher

Japanese yen slides after hawkish BoJ comments

The yen dropped sharply lower after BoJ Deputy Governor Ryozo Himino signaled that the BoJ intends to raise interest rates. The US releases ISM Manufacturing PMI, with a sixth straight contraction expected.

02-09-2025 11:05 GMT by Kenneth Fisher

Australian dollar extends gains, hits three-week high

The Australian dollar has extended its gains on Monday against the greenback. China's manufacuturing PMI contracted for a fifth straight month and that could hurt the Australian dollar. In th US, core PCE crept higher to 2.9% from 2.8%.

01-09-2025 15:15 GMT by Kenneth Fisher

Tokyo Core CPI eases to 2.5%, yen steady

Tokyo Core CPI eased to 2.5% in July, down sharpy from 2.9% in June. The BoJ remains on track for a rate hike in the the fourth quarter, likely in October or December. Japan's retail sales and industrial production both declined and missed expectations, pointing to a weak economy.

01-09-2025 14:10 GMT by Kenneth Fisher

Canada's GDP weaker than expected, Canadian dollar shrugs

Canada's GDP for Q2 slipped by 1.6%, as US tariffs took a bite out of economic activity. In the US, the core PCE index ticked up to 2.9% from 2.8%, its highest level in five months.

01-09-2025 10:20 GMT by Kenneth Fisher

US Core PCE came as expected, while Canadian GDP lags again – Market reactions

Core PCE data came in line. For Canada, their GDP data just missed on its low expectations. Explore reactions on charts for USDCAD and the Dollar Index.

29-08-2025 12:51 GMT by Elior Manier

German inflation, US core PCE higher than expected, euro edges lower

Germany's CPI rose to 2.1%, up from 1.8% in June and above the market estimate of 2.0%. In the US, core PCE rose to 2.9%, up from 2.8% and matching the market estimate. Fed Governor Waller said he supports a quarter-point cut next month and even larger cuts if the US labor market continues to soften.

29-08-2025 12:09 GMT by Kenneth Fisher

Canada's GDP expected at 0.1%, Canadian dollar hits three-week high

Canada releases GDP later today, with a weak gain of 0.1% expected. In the US, Core PCE is expected to remain unchanged at 0.3%.

29-08-2025 11:40 GMT by Kenneth Fisher

Euro gains ground, US GDP revised higher, German CPI next

US GDP was revised higher in the second estimate to 3.3%, up from 3.0% in the initial estimate. This is a sharp turnaround from the 0.5% contraction in Q1. Germany releases CPI on Friday, with a market estimate of 0% m/m for August.

28-08-2025 14:20 GMT by Kenneth Fisher

US GDP Data Beats Estimates with 3.3% Print, Gold Eyes Acceptance Above $3400/oz

US GDP Q2 2025 up 3.3%. Gold above $3400/oz, eying $3500/oz ATH. USD unfazed. Economy grew due to fewer imports & increased spending, despite less investment & exports. Prices up 1.8%, consumer prices up 2.0% (2.5% ex food/energy). Golden cross pattern developing for gold.

28-08-2025 13:00 GMT by Zain Vawda

Tokyo Core CPI expected to ease, Japanese yen edges higher

Japan releases Tokyo core CPI early on Friday. Japan's inflation rate has been falling, and the market estimate for the reading stands at 2.5% in August, compared to 2.9% in July. In the US, second-estimate GDP for Q2 is expected to be upwardly revised to 3.1% from 3.0%.

28-08-2025 11:25 GMT by Kenneth Fisher

All news & analysis