Melville

US economic data continues to give a strong whiff of stagflation, as the labour market slows down to a crawl (though without any sign of systematic layoffs), consumer demand grows sluggishly, but inflationary pressures remain elevated. Last week’s ISM business sentiment numbers reflect this, with th

The Canadian Dollar (CAD) retains a soft undertone but trading patterns are closely aligned with the core majors for the most part, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. US/ Canada spreads narrow "USD/CAD’s push back to the 1.38 area leaves spot trading quite signi

We expect the Bank of England (BoE) to cut the Bank Rate by 25bp to 4.00% on Thursday 7 August in line with consensus and market pricing.Data has been a mixed bag since the last meeting with the labour market showing more pronounced signs of cooling, weaker than expected growth but inflation surpris

US President Trump has threatened India with punitive tariffs of an unspecified amount on top of the general tariff rate of 25% for purchases of Russian weapons and Russian energy, Commerzbank's commodity analyst Barbara Lambrecht notes. Russia remains India's most important oil supplier "The pressu

The US Dollar stands tall, favoured by solid US data and a hawkish Fed. The BoC kept rates on hold on Wednesday but left the door open for a rate cut. Later today, the PCE Price Index is expected to show sticky inflation levels. The US Dollar has pulled back from two-month highs at 1.3840 against th

EU mid-market update: Earnings intensifies amid evolving trade narrative; US-China talks continue; Trump hardened stance on Putin; Fed tomorrow with Timiraos take on potentially first multi-dissent meeting since 2019. Notes/observations - Three days left before Aug 1st trade deadline imposed by Trum

The Euro (EUR) is up 0.3% against the US Dollar (USD) and a mid-performer among the G10 as we head into Friday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note. Trade remains a key risk "All eyes are on next week’s ECB as market participants look to confirmation of

In an increasingly competitive market environment, companies must accurately assess their profitability to achieve sustainable growth. The "gross profit margin" is one of the most straightforward and critical financial indicators for this purpose. By gaining an in-depth understanding of gross profit

Oil prices edged higher yesterday, with Brent settling back above $70/bbl. This is despite ongoing uncertainty over tariffs, along with OPEC+ recently announcing a larger-than-expected increase in supply for August, ING's commodity experts Ewa Manthey and Warren Patterson note. Tensions in the Middl