Forward Guidance: BoC to Hold Rates Steady, Despite Vaccine Advancements
A lot has changed in the weeks leading into the Bank of Canada’s policy update next Wednesday. But don’t expect any significant shift in the Bank’s commitment to support the economy by keeping interest rates low for an extended period....
Week Ahead: Brexit, Vaccines, and Stimulus
“How much longer?” asks the child from the back seat of his car. This is how many people feel as we wait for a Brexit deal to “get there”. No one knows for sure, and headlines on Friday confirm that. ...
ECB Preview: Recalibrating, Not Easing
Danske Bankhttp://www.danskebank.com/danskeresearch This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that...
After the Vaccine Boost, What’s Next for the Commodity Dollars?
It’s been a roller-coaster year for the commodity-linked dollars of Canada, Australia and New Zealand as the global pandemic has wreaked havoc on international trade and on commodity prices – the lifelines of the three economies. But as countries around...
All About The Base – AUDUSD
In many ways this week has provided a perfect storm for the AUDUSD to mount an upside challenge. Volatility has remained subdued as global equities spent the past week consolidating the strong gains of early November. The U.S. dollar as...
NFP Preview: Oversold Dollar Confronts Deteriorating US Labor Market
When we wrote this report last month, traders were still focused on the uncertain outcome of the US election and while the prospects for an eventual COVID-19 vaccine were promising, there were no signs of an imminent end to the...
Oil Awaits OPEC+ Decision, Gold Little Changed
Oil dips as OPEC+ dithers Crude prices are slightly softer as the latest OPEC+ saga unfolds, with many expecting them to deliver a delay to its output hike. Complicating negotiations is the recent rise of US production. OPEC+ does not...
ADP Misses, Biden to be Patient on China, UK Approves Pfizer Vaccine
US stocks held onto losses after the ADP employment report showed the labor market slowdown continues. It is hard to get excited stocks given the elevated levels and uncertainty over how much stimulus Congress will be able to deliver before...
NZ Dollar Hits 20-Month High
The New Zealand dollar is unchanged in Wednesday trade. Currently, NZD/USD is trading at 0.7062, up 0.02% on the day. Commodity indicator shows strong gain The New Zealand dollar posted considerable gains on Tuesday, after posting mixed data. The GlobalDairyTrade...
Optimism Flowing Once Again
That good feeling is back in the markets after we saw some end of month profit-taking on Monday, with Europe seeing gains of more than 1% and Wall Street eyeing a similar open. The last month was massive for the...
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