A Cautious Start To A Busy Week
Following a solid start to the year, investors are turning more cautious as data continues to be released, corporates present their outlook for 2021, President-Elect Joe Biden sets out his economic plan, and most importantly developments around Covid-19 continue. Asian...
Weekly Economic and Financial Commentary: Consumers Pull Back as COVID Continues to Surge
U.S. Review Consumers Pull Back as COVID Continues to Surge Retail sales fell 0.7% in December, the third straight monthly decline. Sales are still up 2.9% over the year, however. The CPI advanced 0.4% in December (1.4% over the year)....
The Weekly Bottom Line: New Year, New Stimulus
U.S. Highlights President-elect Biden unveiled a proposal for a new relief package this week. The $1.9 trillion plan includes additional one-time stimulus checks, unemployment benefit supplements and funding for state and local governments. Additional fiscal support will help bolster a...
Forward Guidance: BoC to Flag Medium-Term Optimism, Near‑Term Concern
The Bank of Canada’s first rate decision of 2021 is expected to yield no change to its policy stance with the overnight rate holding at 0.25% and the quantitative easing program intact. Along with the rate decision, the Bank of...
Week Ahead: Biden Inauguration, More Lockdowns, and Central Bank Meetings
On Wednesday, January 20th, Joe Biden will be sworn in as the 46th President of the United States. After a controversial four years, President Trump will leave office, one way or another. Hopefully Congress can move forward with Joe Biden’s...
What Does Biden’s Stimulus Plan Mean for the US Dollar?
On Thursday evening, President-elect Joe Biden unveiled a $1.9 trillion stimulus package to help Americans due to the economic impact of the coronavirus. The package includes an additional $1400 in direct payment per person, which would result in the $2,000...
Week Ahead – ECB, BoJ and BoC Meet But All Eyes on US Capitol
The first of the new year’s central bank meetings will get under way next week and it will be a heavy schedule on the data front as well. The European Central Bank, Bank of Japan and Bank of Canada will...
Muted Reaction To $1.9Tn Stimulus
Biden’s long-awaited announcement prompts risk-off. Markets wary of hikes to corporate taxes, minimum wage. Fed’s continued support to limit Gold’s downside. Asian stocks are mixed while US futures are pushing lower, even after US President-elect Joe Biden unveiled his $1.9...
US Dollar Higher ahead of Powell
Another relatively mixed session on Thursday, with the US opening marginally higher ahead of the open as investors weigh up reported stimulus plans from the incoming Biden administration. While the promise of more Covid relief is good news for the...
USD Tends to Gain as Yields Rise
The USD tended to gain against most of its counterparts yesterday as yields tended to rise fuelled by market expectations for President-elect Joe Biden’s plans for a massive fiscal stimulus. Biden is to provide details about his plan for trillions...
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