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Energies

Oil Heads for Weekly Loss
Crude oil fell below $83 a barrel on Friday, extending weekly losses to near 5%, as traders increasingly viewed the…
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Soft Commodities

Baltic Dry Index Extends Rally Into 7th Day
The Baltic Exchange’s dry bulk freight index rose 2.5% to 3,186 on Friday, extending its winning streak to seven sessions…
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Indices

TSX Nears Record High After GDP Release
The S&P/TSX Composite Index inched higher to trade near 37,000 on Friday following the release of GDP data. Canada’s GDP…
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Indices

Ibovespa Inches Up on Easing Inflation
The Ibovespa inched above the 175,000 mark on Friday, as fresh evidence of disinflation strengthened the outlook of lower rates…
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Markets

Gold Price Forecast: XAU/USD holds above $4.600 with all eyes on Fed Warsh’s speech
XAU/USD flatlines at $4.600 after rejection at $4,700 earlier this week. Investors bide their time on Friday, awaiting Fed Warsh’s…
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Economics

Canada’s economy surprises with 0.8% growth in the second quarter
Canada’s economy expands by 0.8% in the second quarter, accelerating sharply from the 0.1% growth recorded in the previous quarter.…
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Banks

European Central Bank: September hike seen with energy risks – Nomura
Nomura’s Euro area team expects the European Central Bank to raise rates by 25 basis points to 2.50% at the 10 September…
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Markets

Trade of The Day – COCOA
Facts: EMA60 crossed above EMA200 and EMA100 from below EMA100 is narrowing the distance to EMA200 (from below) Price broke…
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Markets

Nonfarm Payrolls face a reality check with key benchmark revision
US investors will watch on Friday a labor market report that is far less familiar than the monthly jobs release…
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Banks

Japanese Yen: Weak currency and cheap burgers – Nordea
Nordea’s Helge J. Pedersen argues that the Japanese Yen appears significantly undervalued versus the Dollar on both OECD purchasing power…
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