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BoC: Growth, energy and cut risks – TD Securities
TD Securities analysts see the Bank of Canada balancing trade uncertainty, higher Oil prices and domestic demand. They say GDP must run above potential to avoid disinflationary risks and rate cuts, and that Q1 data will be pivotal.
Fxstreet
Thu, Mar 5
USD/CAD: Range-bound downside bias holds – Scotiabank
Scotiabank analysts Shaun Osborne and Eric Theoret highlight that the Canadian Dollar is uniquely resilient, remaining the only major currency to hold steady against the US Dollar since the US/Iran conflict began.
USD/CAD
Fxstreet
Thu, Mar 5
US: Initial Jobless Claims steady at 213K vs 215K expected
The number of United States (US) citizens submitting new applications for unemployment insurance was 213K for the week ending February 28.
Fxstreet
Thu, Mar 5
Fed’s Barkin: The Fed will go meeting by meeting
Tom Barkin, President of the Federal Reserve (Fed) Bank of Richmond, said that the Fed will go meeting by meeting, if gas prices rise, that is inflationary and the Fed will have to decide how long that lasts in an interview for Bloomberg TV on Thursday.
Fxstreet
Thu, Mar 5
US Challenger Report: Job cuts tumble but hiring plans weaken sharply
US-based employers announced 48.307K job cuts in February, according to data released Thursday by Challenger, Gray & Christmas. The figure represents a 55% decline from the 108.435K layoffs announced in January and a 72% drop compared with the 172.017K job cuts recorded in the same month last year.
Fxstreet
Thu, Mar 5
United States Import Price Index (YoY) down to -0.1% in January from previous 0%
United States Import Price Index (YoY) down to -0.1% in January from previous 0%
Fxstreet
Thu, Mar 5
United States Continuing Jobless Claims came in at 1.868M, above expectations (1.85M) in February 20
United States Continuing Jobless Claims came in at 1.868M, above expectations (1.85M) in February 20
Fxstreet
Thu, Mar 5
United States Unit Labor Costs came in at 2.8%, above forecasts (0.2%) in 4Q
United States Unit Labor Costs came in at 2.8%, above forecasts (0.2%) in 4Q
Fxstreet
Thu, Mar 5
United States Export Price Index (YoY) fell from previous 3.1% to 2.6% in January
United States Export Price Index (YoY) fell from previous 3.1% to 2.6% in January
Fxstreet
Thu, Mar 5
United States Import Price Index (MoM) meets forecasts (0.2%) in January
United States Import Price Index (MoM) meets forecasts (0.2%) in January
Fxstreet
Thu, Mar 5
United States Initial Jobless Claims came in at 213K, below expectations (215K) in February 27
United States Initial Jobless Claims came in at 213K, below expectations (215K) in February 27
Fxstreet
Thu, Mar 5
United States Initial Jobless Claims 4-week average declined to 215.75K in February 27 from previous 220.25K
United States Initial Jobless Claims 4-week average declined to 215.75K in February 27 from previous 220.25K
Fxstreet
Thu, Mar 5
United States Export Price Index (MoM) came in at 0.6%, above forecasts (0.3%) in January
United States Export Price Index (MoM) came in at 0.6%, above forecasts (0.3%) in January
Fxstreet
Thu, Mar 5
ECB: Cautious stance on energy shock – BNY
BNY’s Head of Markets Macro Strategy Bob Savage notes that Euro area assets remain sensitive to the Iran-driven energy shock, with ECB officials stressing patience on rates despite higher Oil prices.
Fxstreet
Thu, Mar 5
TRY: CBRT seen pausing as conflict risks build – Standard Chartered
Standard Chartered economist Talha Nadeem argues that the Middle East conflict increases risks to Türkiye’s inflation and external outlook, prompting a more cautious Central Bank of the Republic of Türkiye (CBRT) stance.
USD/TRY
Fxstreet
Thu, Mar 5
Russia Central Bank Reserves $: $811.1B vs $797.2B
Russia Central Bank Reserves $: $811.1B vs $797.2B
Fxstreet
Thu, Mar 5
ECB Accounts: Governing Council confident in inflation outlook despite uncertainty
The publication of the Accounts of the European Central Bank's (ECB) February monetary policy meeting highlights the Governing Council's relative confidence regarding inflation trends, while emphasising that the environment remains marked by uncertainty.
EUR/USD
Fxstreet
Thu, Mar 5
US Payrolls: Labor stabilization supports Fed hold – TD Securities
TD Securities economists expect February Nonfarm Payrolls (NFP) to slow to 60k, with 70k private jobs and a 10k decline in government employment.
Fxstreet
Thu, Mar 5
United States Challenger Job Cuts fell from previous 108.435K to 48.307K in February
United States Challenger Job Cuts fell from previous 108.435K to 48.307K in February
Fxstreet
Thu, Mar 5
BoE: Market slashes cut pricing – ING
ING analysts Benjamin Schroeder and Michiel Tukker say Bank of England expectations have shifted notably as markets reassess inflation risks from Middle East tensions.
Fxstreet
Thu, Mar 5
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