Asian Open: Copper Sends Commodity FX To New Highs
AUD and NZD pairs rallied into the weekly close on Friday as commodities and, in particular copper, pushed aggressively higher. Commodities chalked up another broad rise last week, with the CRB index (commodities index) rising for a fourth consecutive week...
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...
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...
Canadian Dollar Hits 4-Week High
The Canadian dollar has posted slight gains on Friday. Currently, USD/CAD is trading at 1.2646, down 0.24% on the day. Canadian dollar closes in on 1.26 line The Canadian dollar has been creeping higher since mid-week. Earlier in the day,...
Asian Open: US Data – All On The Rise
A slew of US data overnight saw inflationary inputs, unemployment and housing permits rise in tandem. Welcome to 2021! A slew of US data overnight saw inflationary inputs, unemployment and housing permits rise in tandem. Welcome to 2021! Jobless claims...
Canada ADP Jobs Report Plunges
The Canadian dollar is down slightly in the Thursday session. Currently, USD/CAD is trading at 1.2703, up 0.02% on the day. Loonie yawns as ADP nonfarm payrolls slides Canada’s ADP nonfarm payrolls report has managed just one gain over the...
Equity Win Streak Comes To An End Amid Focus On Rising Yields
Market movers today Focus in the ECB minutes today will be on any discussion regarding rate cuts and strength of the euro. February euro consumer confidence is also released today. US Philadelphia Fed survey is the second regional business survey...
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