Bank of Canada Meeting Preview: BOC Inching Closer to Rate Hikes
Friday’s big miss in the US jobs report set off plenty of speculation about what it might mean for next week’s FOMC meeting, but the more immediate “jobs report impacting a central bank decision” situation comes from North of the...
RBA Preview – Keeping Powder Dry on Mixed Data and Omicron Uncertainty
The RBA is widely expected to leave the cash rate unchanged at 0.1%. Given the mixed economic data flow since the last meeting, the uncertainty of the Omicron variant and the scheduled discussion about asset purchases in February, policymakers would...
US Dollar is Rising Again
EUR/USD is back to falling on Monday; it is currently trading at 1.1280. Last Friday’s statistics on the US labour market for November were rather mixed. However, the ISM and PMI data may help the market to recapture the positive...
Aussie Recovering Slightly in Range-bound Markets, Yen Softens
Major currencies remain largely in range against each other in quiet trading today. Australian Dollar continues to lead other commodity currencies to recover. But Aussie’s recovery could be short-lived if RBA delivers some unexpected dovish surprise in the coming Asian...
Dow futures jump 190 points despite recent tech stock selling, bitcoin’s weekend rout
Dow futures were higher even after a losing week on Wall Street as investors ditched equities amid concerns over the new omicron Covid variant and the Federal Reserve’s move to tighten policy. Futures contracts tied to the Dow Jones Industrial...
Markets in Consolidation as Focus Turns to RBA, BoC and US CPI
The markets are relatively quiet in Asian session today. Major Asian indexes are mixed despite steep selloff last Friday. Currencies are bounded inside tight range, with Swiss Franc and Yen consolidation some of recent gains. Aussie and other commodity currencies...
Market Morning Briefing: Pound Has Bounced Slightly From 1.32
STOCKS Crucial supports seen below current levels. All holding for now but we need to see if the indices can go into a sideways range before a sharp break out is seen in the medium term. The ranges are intact...
Bitcoin continues weekend volatility, now at $48,000
Business Trends Graphs and charts 3d image Vertigo3d | iStock | Getty Images Bitcoin prices dipped about 3% on Sunday morning, continuing a weekend of wild trading that sent the cryptocurrency tumbling more than 17% in just 24 hours. The...
These 4 states pay unemployment benefits to unvaccinated workers who were fired
Xavier Lorenzo | Moment | Getty Images Some states are making it easier for Americans to collect unemployment benefits if they’re fired for being unvaccinated against Covid-19. The governors of Florida, Iowa, Kansas and Tennessee signed laws in recent weeks...
Swiss Franc and Yen Surged after Fed Powell Stirred Up Omicron-Nervous Markets
Just as the world is concerned and confused with the newly discovered Omicron, Fed Chair Jerome Powell stirred up the markets further, by talking up faster tapering. The biggest reactions were found in US treasury yields on strong safe-haven flows....
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