Australian Inflation, FOMC Eyed
The Australian dollar has posted modest gains in the Tuesday session. Currently, AUD/USD is trading at 0.7729, up 0.21% on the day. Australia CPI projected to slow Australia releases key inflation data early Wednesday (00:30 GMT). These are the only...
Fed Meets: A Non-Event or the Start of a Brewing Dilemma?
The Federal Reserve will begin its first policy meeting of the year on Tuesday and will announce its decision on Wednesday at 19:00 GMT. No change is expected in the Fed’s monetary policy settings nor in its vast array of...
Tech Climbs Higher, COVID in Focus, Euro Sinks, Oil and Gold Pare Early Gains
This week is all about mega-cap earnings, but the early focus is falling on Biden’s agenda to support the economy, the power of the retail trader, and Merck’s COVID vaccine setback. Big tech has somewhat underperformed over the past few...
Yen Drifting ahead of BoJ Minutes
The Japanese yen has started the week on a flat note. Currently, USD/JPY is trading at 103.82, up 0.05% on the day. BoJ minutes in focus The Bank of Japan will release the minutes of the December policy meeting later...
An Instant Gratification Retreat
US dollar rises, equities ease Whether the end of last week was a bit slow news-wise, an inauguration comedown, or just investors reducing risk exposure in their portfolios, financial markets limped across the finish line. Stocks and commodities eased, and...
Weekly Economic & Financial Commentary: Mixed Fortunes for the Global Economy
U.S. Review Housing Remains at the Forefront of the Recovery Housing starts jumped 5.8% during December. Single-family starts soared 12%, while multifamily starts dropped 13.6%. Total starts are running at a 1.67 million-unit pace, the strongest pace since 2006. Existing...
The Weekly Bottom Line: Biden’s Stimulus Would Boost Growth
U.S. Highlights President Biden’s inauguration was the marque event this week. Previous market optimism on the stimulus potential of the new administration seemed to run out of steam at week’s end. The current administration has ambitious plans for further Covid-19...
Forward Guidance: Economic Recovery Stalled by Second COVID Wave
The economic impact of the second wave of virus spread will take center stage next week with the release of November Canadian GDP data – and preliminary estimate for December. We expect a 0.2% increase in November GDP – half...
Week Ahead: Coronavirus and FOMC in Focus
In a ceremonial event, Joe Biden was sworn in as President of the United States on Wednesday, and the day went off without a glitch. Immediately, he must deal with the problem that his processor couldn’t get a grip on...
Week Ahead – Earnings to Dominate
Big tech in focus Earnings season is up and running and next week will see some huge names reporting on the fourth quarter including Facebook, Apple and Tesla. Covid-19 is becoming more of a focus for investors as lockdowns take...
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