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Although the Federal Reserve attempted to deliver a balanced message by announcing the slowdown of Quantitative Tightening (QT) starting in June and rejecting the likelihood of imminent rate cuts, the overall tone was perceived as dovish by markets. This perception stems from the decision to lower the monthly QT cap to $25 billion, rather than by $30 ...
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In March, Canada's merchandise exports declined 5.3%, while imports were down 1.2%. As a result, Canada's merchandise trade balance with the world went from a surplus of $476 million in February to a deficit of $2.3 billion in March. This represents the largest trade deficit since June 2023. Consult the "International trade monthly interactive dashboard" to ...
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Gold markets rallied significantly during the early hours on Wednesday, as we have recaptured the $2300 level. This is a level that I think is going to continue to be crucial for the market, and the fact that we have bounced back a bit is a good sign. However, Wednesday of course features the FOMC announcement, and therefore we will have a lot of noise to ...
Date | 10:13pm | Impact | Detail | Actual | Forecast | Previous | Graph | ||
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10:13pm | Actual | ||||||||
Thu May 2 | |||||||||
Thu May 2 | 3:15am | SP Manufacturing PMI | 52.2 | 51.3 | 51.4 | ||||
3:30am | SZ Manufacturing PMI | 41.4 | 45.5 | 45.2 | |||||
3:45am | IT Manufacturing PMI | 47.3 | 50.3 | 50.4 | |||||
3:55am | GE Final Manufacturing PMI | 42.5 | 42.2 | 42.2 | |||||
4:00am | UK LME Copper Inventories | -2100 | 1250 | ||||||
7:30am | BZ Current Account | -4.58B | -3.23B | -4.51B | |||||
8:30am | CA Trade Balance | -2.3B | 1.1B | 0.5B | |||||
US Unemployment Claims | 208K | 212K | 208K | ||||||
US Trade Balance | -69.4B | -69.5B | -69.5B | ||||||
8:45am | CA BOC Gov Macklem Speaks | ||||||||
10:00am | US Factory Orders m/m | 1.6% | 1.6% | 1.2% | |||||
Fri May 3 | |||||||||
Fri May 3 | 2:45am | FR Industrial Production m/m | 0.3% | 0.2% | |||||
4:00am | UK LME Copper Inventories | -2100 | |||||||
4:30am | UK Final Services PMI | 54.9 | 54.9 | ||||||
8:00am | BZ Industrial Production m/m | 1.2% | -0.3% | ||||||
MX Gross Fixed Investment y/y | 12.6% | 15.3% | |||||||
8:30am | US Average Hourly Earnings m/m | 0.3% | 0.3% | ||||||
US Non-Farm Employment Change | 238K | 303K | |||||||
US Unemployment Rate | 3.8% | 3.8% | |||||||
9:45am | US Final Services PMI | 50.9 | 50.9 | ||||||
10:00am | US ISM Services PMI | 52.0 | 51.4 |