Over the last weeks, US semiconductor stocks have plunged by over 17%. In a way, this correction should be expected. Semiconductor stocks had skyrocketed this year. Even after the recent pullback, semi stocks…
By the end of 2023, the “soft landing” scenario became the dominant narrative in financial markets. Following the regional banking scare in March of last year, market participants slowly came around to the view that…
UK retail sales volumes were flat in March, a decrease from the 0.1% growth registered in February and disappointing expectations of a 0.3% m/m increase. The details were mixed, with automotive fuel and non-…
European profits margins are elevated. Will a mild recession be enough to bring them down?
According to BCA Research’s Foreign Exchange Strategy service, an ensemble of technical indicators reveals that the dollar is overbought in the near term. The list of indicators they have compiled for this analysis is…
BCA’s US Beige Book Monitor – an indicator we use to gauge changes in the language of the Fed’s Beige Book report and which historically tracks US GDP growth – has improved in April. Nevertheless…
The IMF’s latest fiscal monitor report highlighted the dangers that rising sovereign debt alongside rising deficits pose to advanced economies. The United States, in particular, is at risk. The IMF projects that fiscal…
Japan’s national CPI inflation unexpectedly cooled in March, falling to 2.7% y/y versus consensus estimates it would remain at 2.8% y/y. Notably, measures of underlying inflation such as core CPI (ex-fresh food) and “…
In this report, we review what our technical indicators are telling us about the G10 currencies.