Forward Guidance: Job Growth to Return as Optimism Fills the Air
We look for next week’s Canadian employment report to show that the 2-speed labour market persisted in February with travel and hospitality services remaining exceptionally weak while other sectors continue to grow. We expect roughly 75K jobs returned in February...
Week Ahead: And You Thought Last Week Was Interesting? ECB, US Auctions, and Inflation
Last week, markets were on edge as yields and the US Dollar continued to rise and stocks were mixed. Federal Reserve Chairman Jerome Powell spooked traders when he reiterated that the Fed is not concerned with rising yields nor rising...
Week Ahead: Dollar Rally Continues as US Yields Rise
The taperless tantrum could continue across financial markets now that it seems clear Fed Chair Powell won’t react until he sees disorderly market conditions or if financial conditions tighten further. Positive economic, such as this past employment report might continue...
Robinhood chooses the Nasdaq for its IPO, sources say
Avishek Das | LightRocket | Getty Images Robinhood has chosen the Nasdaq as the exchange for its eventual initial public offering, according to sources familiar with the matter. The company has not yet filed officially for the listing. The stock...
Job growth in February may signal start of a hiring boom as the economy reopens
Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, brings a take-out food order to an outside table at the Promenade on Forest in Laguna Beach, CA on Wednesday, January 13, 2021. Paul Bersebach | Orange County Register via Getty Images...
Week Ahead – Will ECB Make a Stand Against Rising Yields?
With bond markets going berserk lately, investors will turn to the European Central Bank meeting on Thursday. Some senior policymakers have been vocal about ‘fighting’ this rise in yields, but immediate action seems unlikely. Meanwhile, the Bank of Canada will...
Despite rising inflation, experts say the Fed won’t budge on rates
A man wearing a face mask walks past the U.S. Federal Reserve in Washington, D.C., the United States, on Dec. 2, 2020. Liu Jie | Xinhua News Agency | Getty Images The U.S. Federal Reserve won’t step in to temper...
GBPUSD Corrects Below 200-MA; Bullish Bias Endures
GBPUSD improved off the 200-period simple moving average (SMA) around 1.3830, after the correction from the 34-month peak of 1.4236 spiked below it and near the low of 1.3775. The Ichimoku lines are reflecting a pause in negative momentum, while...
US 30 Stock Index Halts Rally Near Familiar Resistance Line
The US 30 index (cash) gave up some ground after unlocking a new record high of 32,072 near the key resistance line, which connects all the peaks from June onwards. The upper boundary of the Ichimoku cloud and the 23.6%...
Job growth surges in February on hiring jump in restaurants and bars
Hiring surged in February as U.S. economic activity picked up with Covid-19 cases steadily dropping and vaccine rollouts providing hope for more growth. The Labor Department reported Friday that nonfarm payrolls jumped by 379,000 for the month and the unemployment...
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