Gold Appears Poised For Breakout
Gold’s positive start to the week comes on the back of its recovery towards the end of last, when revived concerns over coronavirus dampened risk appetite slightly with the number of Covid-19 cases in the U.S. continuing to rise, while...
The Weekly Bottom Line: Positive Signs of a Rebound as Infections Rise
U.S. Highlights Equity markets were up on the week on expectations for further monetary stimulus and signs of positive momentum in the United States. Retail sales rose more than expected in May, and manufacturing sentiment rebounded sharply in June. Indicators...
Weekly Economic and Financial Commentary: May Retail Sales Surge, but Other Data Disappoint
U.S. Review May Retail Sales Surge, but Other Data Disappoint Retail sales kicked off the week with a bang, rising 17.7% month-over-month in May. The increase was larger than every single one of the 74 forecast submissions. The factory data...
Forward Guidance: April Showers Bring May….Green Shoots?
Growing evidence that the recovery began in May is taking some sting out of April data that undershot already grim projections. US retail sales jumped 18% in May – still down 6% from a year ago but significantly better than...
Week Ahead: To Reopen or To Reclose?
Coronavirus cases continue to increase worldwide. From Brazil to China to the US, the number of cases has been increasing. However, as we saw last week from several central banks, they are still ready to do whatever is necessary to...
Week Ahead – Markets Play Tug-of-War with Covid-19 Concerns and Reopening Momentum
US governors are trying to carefully navigate reopening plans to salvage as many businesses as possible, while several states continue to struggle containing the coronavirus spread. New York City, once the epicenter of the coronavirus pandemic in the US enters...
Week Ahead – Juiced Up Markets Wrestle with the Virus Blues
Markets will remain tuned to virus news in the coming week, as the battle between stimulus-fueled optimism and second wave fears rages on. The US virus count might be what tips the scales, not just for stocks but for currencies...
Friday Rally On Lagarde’s Push For Fiscal Stimulus And China Pledge To US, Commodities Rally
European stocks and US equity futures are climbing higher on ECB President Lagarde’s warning to EU leaders of market risks if the EU can’t quickly agree upon the EU recovery fund and after China pledged to follow through with the...
Ready And Waiting
We’re in a bit of a holding pattern after a lively start to the week, with Wall Street eyeing another largely unchanged open, mirroring the broadly directionless trade in Europe. There was an abundance of catalysts earlier in the week,...
Uneasy Trucebe
Indices staged a partial recovery after an earlier drop in Asia. Aussie licks wounds ater worse than expected job fihures. Focus turns back to US jobs in the day ahead. GBP is the weakest ahead of the BoE decision at...
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