Will A Brexit Breakthrough Ever Come?
Brexit talks failed to deliver a breakthrough on Sunday, but both the UK and EU have agreed to continue negotiations ahead of December 31. No progress has been made on the major sticking points, but the extension provides hope that...
Sterling Gaps Up as Brexit Talks Go an Extra Mile, But Upside Capped
Sterling opens broadly higher as Brexit trade negotiation is extending through the Sunday deadline. The Pound is taking Euro and Swiss Franc slightly higher today. Nevertheless, it should be noted that no important resistance level is broken by Sterling. Traders...
FOMC Preview – Fed to Update Forward Guidance on QE
At the last meeting of the year, we expect the Fed to be more cautious about the near-term outlook, while more optimistic over the longer-term. The focus of the meeting will be on the adjustment of the forward guidance about...
Dow futures rise 150 points, stocks attempt to bounce back from losing week
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures moved higher in overnight trading on Sunday as markets indicated a rebound from a losing week. Investors are weighing updates on the Covid-19 vaccine rollout...
How sports cards became a multi-million dollar alternative investment
Packs of 2019 Topps cards spread out across a table. Sam Rega Interest in collecting and values have seen a steady uptick for the last decade with prices really starting to rise at quicker rate somewhere around 2016 or 2017....
Sterling in Free Fall as No-Deal Brexit Could Become Reality… Soon
Sterling was in free fall last week after both UK and EU admitted that a no-deal Brexit is more likely than not. Negotiation deadline was ended to end of Sunday. Euro and Dollar, followed as the next weakest and focus...
Weekly Economic and Financial Commentary: Winter Is Here
U.S. Review Winter Is Here Emergency authorization of the Pfizer-BioNTech COVID vaccine appears imminent, but the virus is running rampant across the United States today, pointing to a grim winter. Despite continued negotiations, additional COVID-relief remains elusive (see topic of...
The Weekly Bottom Line: Economic Progress Shows Signs of Waning
U.S. Highlights The S&P 500 edged lower this week on the back up in weekly jobless claims and sentiment that negotiations over the additional relief package have come to a standstill. On the economic front, besides jobless claims, optimism among...
Forward Guidance: Deluge of Data to Foreshadow Second Wave Blow to GDP Growth
A torrent of data next week will likely confirm that the Canadian economy grew – albeit at a slower pace – in October. But that was before a wave of new virus containment measures delivered a sharp sting to the...
Week Ahead: A New Brexit Deadline, Coronavirus, Central Banks, and Economic Data
Things are not looking so hot for a Brexit trade deal. Although the UK’s Boris Johnson and EC President Ursula von der Leyen met for dinner on Sunday night, hopes are slim that the two sides can reach an agreement...
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