USD/CAD – Canadian Dollar Gains Continue
The Canadian dollar enjoyed a sixth straight winning week, with gains of close to 1.0%. The currency is in positive territory at the start of the week. Currently, USD/CAD is trading at 1.3208, down 0.44% on the day. Manufacturing sales...
An Uneventful Start to the Week
A subdued start to trading on Monday, with stocks in Europe relatively flat and US futures marginally in the green ahead of the open. So far it’s been relatively light on the data side of things, with Japanese GDP the...
Weekly Economic and Financial Commentary: After Strong Initial Rebound, Momentum is Slowing
U.S. Review After Strong Initial Rebound, Momentum is Slowing The economic recovery continued into July, though the pace is slowing. The consumer has been a bright spot in the recovery so far, but with jobless benefits in flux and no...
The Weekly Bottom Line: Markets Optimistic Despite No Deal Yet from Washington
U.S. Highlights Markets were in a good mood overall this week, despite no deal in Congress on the next round of assistance. The big political news was Biden’s historic VP pick. With 81 days until the election, the race is...
Forward Guidance: Economic Rebound Continues, But Pace to Slow
Rising household demand continued to drive the economic recovery in June after an initial 4.5% bounce back in GDP in May. Statistics Canada already provided an advance estimate that retail sales rose another 24.5% in June. That would leave sales...
Week Ahead: Hot Summer Days Cooling Down the Markets
It’s hot outside! And although the coronavirus is still running rampant, it seems as if traders are still taking holidays. It was a slow, monotonous week, and we may see more of this heading into the end of summer. There...
Dollar Firms, Stocks Muted Amid Stalled Stimulus Talks, Soft China Data
Hopes fade for a quick stimulus deal in the US as Congress leaves town Weaker-than-expected Chinese data adds to recovery worries Dollar pulled from lows as subdued tone weighs on stocks Stalemate on Capitol Hill A deal on a new...
The Recovery Continues, Claims Dip Below 1 Million
The recovery continues, claims dip below 1 million, Oil softens, UAE/Israel historic deal, Gold’s tentative rebound US stocks edged closer to record high territory after jobless claims fell below the 1 million level for the first time since March and...
US Futures Consolidating – Watch CSCO, LYFT, MU
The S&P 500 Futures consolidate after they posted a strong rebound yesterday with tech shares gaining the most. Official data showed that U.S. Core Consumer Prices rose 0.6% on month in July, the largest gain since 1991. Later today, the U.S....
Asia Morning: Tech Stocks Lead U.S. Market Rebound
On Wednesday, U.S. stocks posted a strong rebound with tech shares gaining the most. The Dow Jones Industrial Average rose 289 points (+1.05%) to 27976, the S&P 500 increased 46 points (+1.40%) to 3380, and the Nasdaq 100 surged 281...
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