The Weekly Bottom Line: U.S. Small Businesses Struggle to Hire Workers, Despite High Unemployment
U.S. Highlights Consumer and producer price inflation surprised on the upside on the back of rebounding energy prices, supply disruptions and strong fiscal-stimulus fueled demand. Despite inflation overshooting 2%, several Fed officials reassured markets that there won’t be any tapering...
Week Ahead: Inflation or Stagflation? The UK Reopens and the US Takes it All Off
US inflation data has been coming in higher than expected. Will it be the same in other parts of the world? Last week, inflation data came in hot for April in the US. However, since the beginning of the month,...
What is Pushing USD/CAD Lower?
Since the Bank of Canada met on April 21st , when they cut bond purchases from C$4 billion/week to C$3 billion/week, USD/CAD has been in a freefall. Price has dropped from 1.2654 on that date to a low of 1.2046...
Week Ahead – Will the Bond Market Remain in a Holding Pattern?
Financial markets seem to be constantly recalibrating. The economic data is expected to be volatile and that should support the Fed’s patient stance on waiting for enough data to make a clear assessment over pricing pressures and the strength of...
Stocks making the biggest moves midday: Disney, Snowflake, DoorDash and more
The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), on Tuesday, May 4, 2021, in honor of Star Wars Day. Source: NYSE Check out the companies making headlines in midday trading. Disney — The media giant’s share...
Goldman Sachs loses another executive after JPMorgan Chase poaches CFO of its Marcus business
Sherry Ann Mohan, Managing Director at Goldman Sachs Source: Goldman Sachs Goldman Sachs continues to lose key managers at its fledgling consumer banking business. The chief financial officer for Goldman’s consumer business, which includes its Marcus brand and the Apple...
Forward Guidance: Firming Inflation Pressures to Intensify with Reopening Activity
We expect next week’s Canadian inflation report will show headline price growth jumped to 3.3% in April, in part reflecting lower bases last year when the economy closed down. Energy prices in particular came under signficant downward pressure last spring...
Week Ahead – Inflation Scare Shakes Markets, European PMIs Next
It was a wild week in financial markets. Stocks got smoked while the dollar clawed back some ground as inflation finally showed its teeth, reigniting worries about higher interest rates being on the horizon. The upcoming week seems calmer. There...
NZDUSD Gains Impetus Within Bullish Channel
NZDUSD is in the process of recapturing the ground above the Ichimoku cloud after recently bouncing off the 200-period simple moving average (SMA) around 0.7134. The flattening demeanour of the 50- and 100-period SMAs is reflecting the recent dwindling in...
Dollar Down, Futures Pare Gain after Poor US Retail Sales
Dollar is under selling pressure against after rather poor retail sales data. US futures also pare back some earlier gains and look vulnerable. Yen is currently following the greenback as the second weakest, while commodity currencies are the strongest, together...
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