Asian Open: A Cautiously Positive Start To The Week
Indices pushed to fresh highs on low volatility and a weaker dollar provided additional support for commodity prices, AUD, NZD and CAD pairs. Overnight trade provided a positive tone overall, although volatility wasn’t exactly wild with excitement. The Australian and...
Record Highs Galore
Stock markets are off to a decent start again this week with the US seeing more record highs on Wall Street. This week is shaping up to be much quieter (famous last words) but against the backdrop of an encouraging...
US Dollar Little Changed As Hope Of Another Stimulus Rise
The price of crude declined slightly today after the latest rig count data by Baker Hughes and Enverous. The total number of oil and gas rigs rose by 8 last week, bringing the total to 392, which is 398 lower...
Weekly Economic & Financial Commentary: International Growth Outlook Still Mixed
U.S. Review Better Numbers Nonfarm employment rebounded in January, with employers adding 49,000 jobs following the prior month’s 227,000-job drop. The annual revisions to the prior data provide a more accurate assessment of job losses during last spring’s lockdown, as...
The Weekly Bottom Line: A Cautiously Optimistic Week
U.S. Highlights Economic data released this week was balanced enough to re-ignite optimism in financial markets without calling into question the next fiscal support package. Job market data showed a third consecutive decline in the weekly jobless claims as well...
Forward Guidance: Gradual Easing in Restrictions to Brighten Economic Growth Outlook
Next week will be a quiet week for economic data releases and much of the focus will be centered on reopening plans. Steadily declining COVID case counts across most regions of Canada have already resulted in some easing in containment...
Week Ahead: Is the Focus on Stimulus or Inflation?
Markets were back to their old selves last week, as the short squeeze drama surrounding GME subsided. Joe Biden seems to be off to a good start as US President, as his $1.9 trillion stimulus proposal makes its way through...
US NFP Worse and Canadian Employment Data Better than They May First Appear: USD/CAD
The US Non-Farm Payrolls released today were roughly in line at +49,000 jobs added to the economy in January. However, December’s figure was revised lower, from -140,000 to -227,000! And although the unemployment rate was much better than expected, 6.3%...
Soft Jobs Rreport Greenlights Case for More Stimulus
US stocks are shrugging off a disappointing nonfarm payroll report that showed December was much worse and that January only saw a modest rebound in hiring. Stimulus prospects are unchanged as Democratic lawmakers appear poised to move President Biden’s $1.9...
Asia Open: The Dollar Continues To Squeeze Bears With Firmer US Data
Firmer US data overnight helped propel the dollar and further confound bears who remain positioned for a deeper macro sell-off. The Dollar Continues to Squeeze Bears with Firmer US Data GBP and USD were strongest majors overnight, CHF and JPY...
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