Weekly Economic & Financial Commentary: European Economic Trends Remain Unsettled For Now
U.S. Review Inflation Begins Spring Bloom Inflation appears to be heating up. During February, the Consumer Price Index (CPI) rose 0.4% and the Producer Price Index (PPI) advanced 0.5%. The NFIB Small Business Optimism Index edged up to 95.8 in...
Week Ahead: Rising Treasury Yields Will Make this an Interesting FOMC Decision
The bond market seems determined to make this an interesting FOMC policy decision. Treasury yields have been surging after the Biden administration passed the $1.9 trillion COVID relief bill and set a May 1st goal of getting vaccines to all...
Week Ahead: Packed Week with Fed, BOE, BOJ and Australian Jobs
With the central bank meetings this week, traders need to be on the lookout for hints as to when a change in monetary policy may be coming. After the BOC and the ECB meetings last week, this week brings a...
Stocks making the biggest moves midday: Ulta, Alibaba, Netflix & more
The signage is seen at Alibaba Group headquarters during the company’s 11.11 Singles’ Day global shopping festival in Hangzhou, Zhejiang province, China, November 11, 2020. Aly Song | Reuters Here are the stocks making headlines in midday trading. Ulta Beauty...
Forward Guidance: Vaccine Developments Bring Forward Recovery Hopes and Inflation Fears
After falling behind peers, vaccine delivery in Canada is anticipated to ramp up significantly over the coming months. Canada is now expecting around 8 million doses by the end of March, and as many as 36.4 million doses by the...
Canadian Employment Data Beats HUGELY
After the less dovish Bank of Canada meeting on Wednesday in which Tiff Macklem said that the outlook on Q1 GDP will be revised higher, the Canadian employment data helped to provide further evidence of the central bank’s outlook. The...
Canadian Dollar Jumps on Strong Job Data, Dollar Rebounds With Yields
Dollar rebounds broadly again today as markets are unsettled by renewed strength in treasury yield. At the time of writing, US 10-year yield is back pressing 1.6 handle. DOW future is trading mildly higher, but NASDAQ futures is down -1.3%....
AUDJPY Hits Three-Year High as Uptrend Continues
AUDJPY keeps roaring higher, hovering near the three-year high of 84.95 that was reached last month. The price structure of higher peaks and higher troughs remains uninterrupted, while the pair is also trading above all its simple moving averages (SMAs),...
Stocks making the biggest moves premarket: Ulta, Poshmark, Novavax and others
Check out the companies making headlines before the bell: Ulta Beauty (ULTA) – Ulta Beauty announced that CEO Mary Dillon will step down in June to be replaced by company President David Kimbell. Dillon will move to the role of...
GBP/USD Outlook: Cable Dips After Repeated Rejection At Psychological 1.40 Barrier
Cable fell one full figure in European trading on Friday, following repeated rejection at psychological 1.40 barrier, deflated by stronger dollar on rise of US yields, with UK economy’s contraction in January (although less then expected) contributed to pound’s fresh...
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