Japan has witnessed an improvement in exports and industrial output with a steady increase in fixed business investments. The BoJ is set to maintain the purchase of 12-trillion-yen worth of ETFs and 180-billion-yen worth of Japanese real estate investment trust (J-REIT). Non-resident investors reduced their Canadian equities in June 2021 by CA$3.3 billion … [Read more...] about CADJPY Analysis: Canadian Dollar Slides As BoJ Prepares June 2021 CPI
Forex News
Oil Dip 5% on OPEC+ Supply Boosts Amid Demand Concerns on Covid Cases Surge
Oil prices plummeted more than 5% on Monday, the biggest drop since March, as OPEC+ agreed to increase output. CL1! is down -6.72%. Brent oil traded at $ 69.68 a barrel, a $3.61 or 4.9% decline by 1405 GMT while U.S oil traded at $68.06 a barrel, a fall of $3.75 or 5.2%.Analysts have attributed the move by OPEC+ as a step towards free and increased production capacity by … [Read more...] about Oil Dip 5% on OPEC+ Supply Boosts Amid Demand Concerns on Covid Cases Surge
Billionaire Investor Ackman Discounts Impact of Delta Variant on Economic Rebound
Source: CNBC Pershing Square’s Bill Ackman does not expect the global spread of delta Covid variants to have a significant impact on economic reopening. SPY today is down -1.84%. Ackman says the outbreak of delta variants could motivate more people to take vaccines, allowing the global economies to pick in the fall.Despite causing an increase in vaccinations, the … [Read more...] about Billionaire Investor Ackman Discounts Impact of Delta Variant on Economic Rebound
Yellen Says China Trade Deal Failed to Address “Fundamental Problems”
Source: The Business Times US Treasury Janet Yellen expressed major concerns about Trump’s trade deal with China, the first indication from the Biden administration reexamining its future agreements with China. CNY USD dips -0.14%, EUR USD slips -0.29%. The agreement signed by the Trump administration and China in January last year was designed to stop damaging trade … [Read more...] about Yellen Says China Trade Deal Failed to Address “Fundamental Problems”
USDSEK Analysis: Cementa’s License Rejection May Impair Sweden’s Economy
Nonrenewal of Cementa’s license risks up to 400,000 jobs in Sweden and monthly revenue of 20 billion kronor (11% GDP share). Sweden’s telecommunication giant Ericsson has its Chinese revenues plunged 63.41% in Q2 2021 (YoY) from SEK 4.1 billion ($470 m/ year- in 2020) to SEK 1.5 billion ($171.95 billion).US core PPI increased 5.6%, beating forecasts at 5.1%, with the … [Read more...] about USDSEK Analysis: Cementa’s License Rejection May Impair Sweden’s Economy
