S&P 500 Bull Market Given a Clean “Bill of Health” by 2019 Sector Performance
Roughly four months after the Christmas swoon in US stocks, sector rotation suggests the bull market is alive and well. For the uninitiated, sector rotation is the subset of technical analysis that involves evaluating what types of stocks are performing...
Week Ahead – US Next to Report Q1 GDP; BoC and BoJ Meet Amid Growth Worries
After China’s upbeat growth numbers this week, all eyes will be on the US economy’s performance during the first quarter. Aside from the US GDP, it’s going to be a rather quiet seven days for economic data due to the...
Most Markets Closed for Good Friday; Euro Trades in 20 Pip Range
Most traders are enjoying a three-day weekend as markets observe Good Friday. Overnight, Asian markets finished higher as the Nikkei rose 0.5%, the Shanghai Composite closed 0.6% higher, the ASX 200 eked out a 0.1%, while the Hang Seng fell...
Dollar Powers ahead on Strong US Data; Euro Stumbles
US dollar and Wall Street lifted by solid economic data and earnings But euro, pound, aussie and kiwi turn lower on Eurozone woes, resurgent dollar Thin liquidity expected today as many markets closed for Good Friday US recession fears ebb...
Easter Lull in Activity
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Equities Trade Generally Flat, Few Catalysts Seen amid Market Holidays
Asia Market Update: Equities trade generally flat, few catalysts seen amid market holidays; Aussie CPI and US/Japan currency talks seen next week, US Treasury currency report also in focus General Trend: On Friday, there are market holidays in various countries...
The Weekly Bottom Line: Spring is Coming
U.S. Highlights Spring is coming to the U.S. economy after a tough winter. An impressive bounce back in retail sales in March indicates that consumer spending will bounce back in the second quarter after a disappointing start. First quarter GDP...
Canadian Dollar Lower as US Dollar Gains Retail Sales Boost
The Canadian dollar fell 0.28 percent on Thursday. US economic data was the deciding factor as the dollar rose against the loonie despite crude prices heading higher. Canadian retail sales had strong gains but could not overcome their US counterpart....
Turkey is Slowly Becoming Argentina
The Turkish lira fell under immense pressure after the Financial Times reported the Turkish central bank (CBRT) used billions of dollars in short-term borrowing to bulk out its reserves. At one point, the lira was down 2% to the dollar,...
Forward Guidance: Bank of Canada Will Officially Shift to a Neutral Bias Next Week
Next week is all about the Bank of Canada. While no one expects a change in interest rates, hopes are Wednesday’s policy statement and Monetary Policy Report will provide clues into just how long the central bank might remain on...
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