Weekly Economic & Financial Commentary: Q4 GDP Data Top Expectations, but Q1-2021 Looking Shakier
U.S. Review A Consumer and His Stimulus Check Are Soon Parted Stimulus checks from the year-end COVID-relief package arrived in January, and we learned this week that retailers raked in more money during that month than they have since June....
The Weekly Bottom Line: Economy Progresses in January
U.S. Highlights The week’s data confirmed that the U.S. economy continued to make progress early in 2021. That progress looks likely to get a substantial shot in the arm from the $1.9 trillion American Rescue Plan in the coming weeks....
Forward Guidance: Canadian Business Investment Intentions to Show Two Gear Economy
Divergence between the hospitality sector and the broader economy has been a key theme in recent months. Next week’s release of (the usually closely watched) annual investment intentions survey from Statistics Canada will likely show a similar divergence. The Bank...
Week Ahead: Powell vs Inflation
Inflation and inflation components of economic data were sharply stronger last week than in previous months. Yet, one central bank speaker after the next continued to march out and say that inflation is nothing to worry about. This week, Fed...
Fed’s Williams say high market prices justified by economic growth and low rates
New York Federal Reserve President John Williams said Friday that high prices for stocks and other assets are justified in light of a growing economy and low interest rate landscape. With stocks pushing to new heights on valuations not seen...
Stocks making the biggest moves midday: Palantir, Applied Materials, Deere & more
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland Januar 22, 2020. Arnd Wiegmann | Reuters Check out the companies making headlines in midday trading. Applied Materials — Shares of the chipmaker jumped more than 7%...
Taxpayers may be victims of unemployment fraud. The IRS wants to help
Samuel Corum/Bloomberg via Getty Images Many Americans will get an unwelcome surprise this tax season: the realization they were victims of unemployment fraud. Millions of workers have collected jobless benefits during the Covid pandemic. They must pay taxes on that...
Week Ahead – Dollar Realigns With US Fundamentals, RBNZ Meets
There’s been a striking change in the dynamics of the FX market lately, with the US dollar no longer trading exclusively as a safe haven and instead reacting to American economic data. Investors have their eyes on the Fed, even...
AUD/USD Breakout Out of Flag Formation; On its Way to 0.8400?
Last week, we discussed the possibility of AUD/USD making a run out of a flag pattern and towards a target of 0.8400. The move has begun, and Aussie traders will be eyeing the 0.8000 level first. So far, traders seem...
Australian Dollar Skyrockets on Surging Metal, Markets Cheer PMIs
Australian Dollar overtakes Sterling as the strongest one for the week, as supported by return of risk-mode markets. In particular, industrial metal is having strong rally with copper trading up 2% at the time of writing. Sterling shrugs off poor...
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