View:
November 2, 2026 5:00 AM UTC
Pressure on tech, leading to choppy action, but overall weight on dollar; JPY and CHF benefit
BoE hike seen as more of a one off and possible one-and-done.
US election a wild card, though no settled view on impact. At margin, some scenarios would add to risk-off mood
October 30, 2026 3:53 PM UTC
Pressure on tech, leading to choppy action, but overall weight on dollar; JPY and CHF benefit
BoE hike seen as more of a one off and possible one-and-done.
US election a wild card, though no settled view on impact. At margin, some scenarios would add to risk-off mood
October 30, 2026 2:58 PM UTC
There does not appear to be any reason to expect much change in October’s ISM manufacturing index. We expect no change from September’s 54.5, which was only marginally changed from 54.6 in August. The data will continue to imply healthy manufacturing expansion, fueled by AI.
October 30, 2026 12:58 PM UTC
August Canadian GDP fell short of a positive 0.2% preliminary estimate and came in unchanged for a second straight month. The preliminary estimate for September is for a 0.1% decline, suggesting the economy may be weaker than the BoC thought when tightening rates this week.