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...
Stocks making the biggest moves midday: Levi Strauss, FuboTV, Honeywell and more
A man wears Levis Strauss & Co. clothing during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, March 21, 2019. Jeenah Moon | Bloomberg | Getty Images Check out...
Biden seeks extra $400 a year in Pell grants for college and to expand aid to Dreamers
Alex Wong | Getty Images News | Getty Images President Joe Biden asked Congress for a $400 annual increase in maximum Pell grants for college students as part of a budget proposal issued Friday. The president also called to broaden...
SEC is scrutinizing SPAC projections, seeks clearer disclosures
Saul Loeb | AFP | Getty Images The SEC is eyeing potentially misleading earnings projections made by SPAC sponsors and is seeking clearer disclosures, with one official hinting Thursday that the agency may issue a future rule to rein them...
Week Ahead – US and China Data Could Reinforce Optimism but RBNZ to Sound Caution
As the dollar recedes on some scepticism around the aggressive bets of an early Fed tightening, US inflation and retail sales numbers due in the coming week could reignite those expectations. There could be a further boost to the global...
Canadian Jobs Data Solid: USD/CAD
The BOC will take note of the strong employment print, as they are currently the frontrunner to taper monetary policy! The Canadian Employment Change for March was +301,100 vs and expectation of +100,000 and +259,200 in February. The number was...
NZDUSD Buyers Confront Short-Term Downtrend Line
NZDUSD has consolidated over the somewhat neutral Ichimoku cloud, after slightly improving from a recently formed floor at the 0.6942 level. The falling 200- and 100-period simple moving averages (SMAs) are shielding the bearish structure, while the climbing 50-period SMA...
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