Euro Reversed Course on Less Pessimistic European Outlook, Commodity Currencies Ignored Risk Rallies
Swiss Franc and Euro ended as the strongest ones last week, as investors reversed their short positions accumulated in Q1. In particular, such reversals pushed Sterling to be the worst performing one, suffering heavy pressure against both Euro and Franc....
Weekly Economic & Financial Commentary: Reopening Boom, while Supplies Last
U.S. Review: Reopening Boom, while Supplies Last This week’s economic data kicked off with a bang. The ISM Services Index jumped to 63.7, signaling the fastest pace of expansion in the index’s 24-year history. The strong report came with some...
The Weekly Bottom Line: A Few Dark Spots in Bright Economic Growth Prospects
U.S. Highlights U.S. equities jumped early this week and continued to move higher over the course of it despite the prospect of higher corporate taxes announced by the Biden administration. A few dark spots in the short-term outlook are supply...
Week Ahead: Lockdowns and “Re-Openings”, Big Data Dump, and Earnings Season Begins!
The talk last week was all about the expectation of an upcoming economic boom into the spring and over the summer months. Although there are current lockdowns spread throughout Europe and Canada, traders are forward-looking. With vaccines rolling out non-stop...
Week Ahead: Fed’s Inflation Calm About to Get Tested
The Fed has clearly signaled they are not worried about inflation and that should worry financial markets. The Fed has repeated that inflation will be transitory, but financial markets have never seen this record amount of stimulus get pumped into...