Pound Powers Higher ahead of UK Data
The latest batch of British data will hit the markets on Friday. Retail sales will be released at 07:00 GMT ahead of the PMI business surveys at 09:30 GMT. Forecasts point to relatively soft numbers, which would confirm the economy...
Asian Equities Mostly Lower
Asian equities mostly lower Equities paused the US overnight, the S&P 500 falling slightly by 0.06%, the Nasdaq falling 0.34% which the Dow Jones managed to edge 0.20% higher. The price action looks more like a correction to the cyclical...
Euro Down Despite Sharp Confidence Data
The euro is showing slight losses in the Tuesday session. Currently, EUR/USD is trading at 1.2110, down 0.15% on the day. German economic confidence accelerates The German economy continues to struggle under the weight of Covid-19, but there was some...
RBA Indicates Support to Continue
The Australian dollar has posted slight gains on Monday, continuing the trend we saw at the end of the last week. Currently, AUD/USD is trading at 0.7777, up 0.20% on the day. RBA minutes indicate QE will be prolonged There...
Asian Open: Firmer Asian GDP And Vaccine Rollouts Buoy Sentiment
The global vaccine rollout and stronger GDP across Asia retained a positive tone for equity markets, sending the yen lower and the Nikkei to a 30-year high. Japan’s GDP (growth domestic product) surprised to the upside in Q4 on Monday,...
Strong Canada Data Boosts Loonie
The Canadian dollar has started the week with gains. Currently, USD/CAD is trading at 1.2643, down 0.40% on the day. It has been a busy start to the week for Canadian fundamentals, after just one event last week. The numbers...
5 Themes & 6 Charts To Watch
Meme stocks continue to make waves but economic data and central banks are afterthoughts at the moment. As the market continues to look past the virus, few themes have emerged. Inflation and US stimulus are commonly-cited ones but we go...
Weekly Economic & Financial Commentary: Mixed Finish to 2020, Soft Start to 2021
U.S. Review Inflation Comes Back in Focus Market attention was concentrated on the January consumer price data, as inflation has come back into focus. There is renewed concern among market participants that inflation is about to take off once the...
The Weekly Bottom Line: Moving In The Right Direction
U.S. Highlights The headline Consumer Price Index rose 0.3% in January and was up 1.4% year-on-year. Removing food and energy prices, the core index was flat on the month and slowed to 1.4% year-on-year from 1.6% in December. Small business...
Week Ahead: Holidays, Lockdowns, Inflation and Platinum
It’s the Chinese Lunar New Year: the year of the ox! However, restrictions are in place to prevent people from traveling over the holiday. Lockdowns are still in full swing in many countries while monetary and fiscal stimulus continue to...
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