ECB Announces new TLTROs, Markedly Downgrades Growth and Inflation Forecasts
ECB left the main refi rate, the marginal lending rate and the deposit rate unchanged at 0.00%, 0.25% and -0.40%, respectively. However, much change was made in the economic assessment and the forward guidance, as a result of “moderation in...
US productivity rose a modest 1.9% in the fourth quarter
U.S. productivity grew at a rate of 1.9 percent in the fourth quarter, a slight improvement over the third quarter. Labor costs rose 2 percent, the strongest gain since the beginning of 2018. The Labor Department reported Thursday that the...
Unpacking the GIC result: why all that effort gets only 3.4%
The Government of Singapore Investment Corporation (GIC), one of the world’s largest and most sophisticated sovereign wealth funds, released on Wednesday its annual report, including its performance numbers. The result: its 1,500 employees, known throughout the industry as some of the...
WTI Oil Outlook: Oil Price Ticks Higher But Remains In The Middle Of Three-Week Congestion
WTI oil price stands at the front foot on Thursday as sentiment improved and positive impact from OPEC production cut and sanctions on Venezuela and Iran offset negative effect from record US oil output and unexpected strong rise in crude...
Sunrise Market Commentary
Markets US and European yields were downwardly oriented yesterday. (European) investors took a cautious stance going into today’s ECB policy meeting. Headlines/rumours that the ECB would downgrade its growth forecasts enough to warrant a new bank funding program initially had...
ECB’s Monetary Policy Meeting Will Be The Main Highlight For Today
The U.S. dollar maintained the bullish momentum although the pace of gains was somewhat smaller. On the economic front, the data from the eurozone was relatively quiet. NY Trading Session The NY trading session saw the February private payrolls rising...
Elliott Wave View: DAX Structure Remains Bullish As Pullback In Progress
Short Term Elliott Wave view in DAX shows a bullish sequence structure from December 28, 2018 low, favoring further upside. The Index has potential to reach 100% extension towards 11912 – 12157 before ending cycle from December 2018 low. The...
Euro Soft ahead of Dovish ECB, Canadian Sings BoC Blues
Asian markets are mixed today despite selloff in US overnight. Investors are generally non-committal, probably waiting for more concrete developments regarding US-China trade negotiations and Brexit. Though, the decline in US treasury yields is worth a note as 10-year yield...
BOC’s Dovish Shift Widened Yield Spread, Sending CAD Lower
BOC left the policy rate unchanged at 1.75%. What caused the market dramatic market movement was its dovish turn – stripping off the forward guidance that the next move would be a rate hike. The abrupt turn in just two...
Stocks making the biggest moves after hours: American Eagle, Allergan and more
Check out the companies making headlines after the bell: American Eagle Outfitters shares fell more than 4 percent after hours Wednesday based on mixed fourth-quarter earnings and light first-quarter guidance. The retailer posted $1.24 billion in revenue, missing Refinitiv estimates...