Week Ahead: Three Major Central Bank Decisions and NFP
The first day of the new month started positively overnight with Asian and European shares rallying sharply. But shortly after Wall Street opened, things started to turn negative, causing European shares to close off their best levels and US indices...
9 Reasons USD/CAD is Today’s Strongest Currency Pair
Bullish developments abound today for USD/CAD, explaining why the pair is the day’s strongest major cross. There are at least nine major developments supporting today’s surge: Today’s Q4 GDP release out of Canada came in well below expectations at just...
Global Growth Hinges on China’s Big Week
Mixed economic data, a rollercoaster ride in trade, and fresh geopolitical risks saw US equities edge higher on the week, while the dollar was little changed. With the data dependent Fed likely to be on hold for at least the...
The week ahead: Jobs report needs to silence rising worries about the economy
Job growth has remained vibrant despite the slow-growing economy, and that’s a trend investors are anxious to see confirmed in the February employment report on Friday. Even with some economists expecting growth around 1 percent for the first quarter, the...
The market’s two-month hot start to 2019 could mean more gains ahead, history shows
Stocks rocketed higher in the first two months of the year. If history is any indication, equities are primed for further gains moving forward. Data compiled by LPL Financial show the S&P 500 has posted gains in the final 10...
Atlanta Fed’s closely watched GDP tracker shows next to no growth for first quarter
The Atlanta Fed’s GDPNow initial model estimate shows negligible growth for the first quarter of just 0.3 percent. The Atlanta Fed noted Friday that the 2.6 percent estimate on Thursday of fourth-quarter real GDP growth was slightly above the forecast...
Stocks making the biggest moves midday: Gap, Tesla, L Brands & more
Check out the companies making headlines midday Friday: Tesla — Shares of Tesla fell 7.58 percent after the company’s underwhelming announcement that it will be launching its standard Model 3. Barclays analyst Brian Johnson even called it the “un-iPhone moment.”...
Australian Q4 GDP, a Preview: A Loss of Momentum – Housing and the Consumer
Real GDP: f/c 0.2%qtr, 2.4%yr, Domestic demand: f/c 0.2%qtr, 2.0%yr The Australian National Accounts, to be released on Wednesday March 6, will provide an estimate of economic activity for the December quarter. The economy experienced a considerable loss of momentum...
Australia & New Zealand Weekly: Some Risks Next Week, and Observations on the US
Week beginning 4 March 2019 Some risks next week, and observations on the US. RBA: policy decision, Governor Lowe speaks. Australia: GDP partials, GDP, dwelling approvals, retail sales, trade balance. NZ: building work put in place. China: National People’s Congress,...
Week Ahead – ECB, RBA and BoC Meetings Eyed Amid Potential Policy Shifts; US Jobs Report in Focus Too
Central banks will move to the fore next week as the European Central Bank, the Reserve Bank of Australia and the Bank of Canada will be holding policy meetings. With all three central banks recently lowering their outlooks for their...
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