Week Ahead – Let the Debates Begin!
Prepare for turbulence For a long time we’ve been warned that the final months of the year will be extremely eventful and if recent weeks are anything to go by, that may be an understatement. With the US election fast...
Forward Guidance: Canadian GDP Numbers to Flag Downshift in Recovery Pace
We expect the July Canadian GDP report to flag a slowing in the pace of the recovery. The release is likely to confirm Statistics Canada’s preliminary estimate that GDP rose 3% in July –a sizeable gain but smaller than the...
Week Ahead – Markets Feel the Blues ahead of US Employment Report
A perfect storm of bad news has thrown global markets into disarray. America is running out of stimulus, fears of a constitutional crisis after the election are running rampant, Europe is wrestling with a second virus wave, and central banks...
U.S Futures Flat – Watch CAN, SSP, NKLA, KMX, PENN, RAD
The S&P 500 Futures are flat following Wednesday sharp correction as the Dow Jones Industrial Average slumped 525 points (-1.92%) to 26763, the S&P 500 tumbled 78 points (-2.37%) to 3236, and the Nasdaq 100 plummeted 353 points (-3.16%) to...
Sentiment Not Improving
Investors are growing increasingly unimpressed with the near-term prospects for the global economy and the markets are suffering the consequences. Rising Covid cases, a fiscal void in Washington and monetary policy caution is taking its toll on investor sentiment as...
US Stocks Near Correction Territory: Is It Time To Turn Bullish?
Equity markets sold off aggressively on Wednesday dragging the S&P 500 2.4% lower for the day and the index is now down nearly 9% from its record high set at the start of the month. We are almost in correction...
SNB: Keeping a Rate Bullet in the Chamber
The Swiss National Bank (SNB) will conclude its meeting at 07:30 GMT Thursday, and with Switzerland having fallen back into deflation, markets are pricing in a 30% chance for a small rate cut. That said, the SNB already boasts the...
U.S Futures Gain Ground – Watch NKE, TSLA, TWTR, GIS, KKR
The S&P 500 Futures are extending Tuesday rebound when the Dow Jones Industrial Average rose 140 points (+0.52%) to 27288, the S&P 500 climbed 34 points (+1.05%) to 3315, and the Nasdaq 100 jumped 206 points (+1.88%) to 11186. Later...
USD/CAD Climbs to 6-Week High
USD/CAD has leveled off on Tuesday, after starting the week with strong gains. In the North American session, the pair is trading at 1.3309, up 0.03% on the day. Earlier in the day, USD/CAD touched a high of 1.3345, its...
NZD/USD Steady ahead of RBNZ Announcement
The New Zealand dollar is steady in Tuesday trade. Early in the North American session, NZD/USD is trading at 0.6670, up 0.05% on the day. The US dollar started the week with broad gains, and NZD/USD declined by 1.2% on...
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