Markets Remain Choppy ahead of Fed
USD – Dollar maintains soft tone as dovish Fed firmly priced in Brexit – EU to offer conditional extension Stocks – Risks are growing Oil – Delaying the April OPEC meeting should be bearish Gold – Higher as dovish Fed...
Canadian Dollar Edges Higher ahead of Budget Release
The Canadian dollar has posted slight gains in the Tuesday session. Currently, USD/CAD is trading at 1.3310, down 0.20% on the day. On the release front, Canada releases its annual budget, which should be treated as a market-mover. All eyes...
DAX Soars To 5-Month High As Investors Expecting More Doves From Fed
The DAX has posted sharp gains in the Tuesday session. Currently, the DAX is at 11,759, up 0.88% on the day. The index is at its highest level since early October. Car maker shares are showing sharp gains, boosting the...
British Pound Slips as Brexit Volatility Continues
After huge gains last week, GBP/USD has started the week with sharp losses. In Monday’s North American session, the pair is trading at 1.3194, down 0.74% on the day. It’s a light data calendar, with no British events on the...
Canadian Dollar Steady in Slow Data Calendar
The Canadian dollar has started the week quietly. Early in the North American session, USD/CAD is trading at 1.3321, down 0.12% on the day. On the release front, it’s a light day for fundamentals, so traders can expected an uneventful...
DAX Sluggish, but Deutsche Bank Sparkles
The DAX has started the week with losses. In the Monday session, the DAX is at 11,660, down 0.21% on the day. In economic news, there is only one event on the schedule. The eurozone trade balance climbed to EUR...
S&P 500 Hits Important Resistance Levels
Equity markets are rising after the recovery of demand for risky assets. S&P 500 closed last week at the highs since October, finally convincing everyone of overcoming an important resistance at 2800 points. Shanghai blue-chip index China A50 rose 2.7%...
Weekly Economic and Financial Commentary: Economic Data Reinforce Fed Patience
U.S. Review Economic Data Reinforce Fed Patience Several indicators released this week signaled a moderation in the pace of economic growth, and provided further reinforcement for patience from the Fed on further monetary policy tightening. Retail sales rebounded in January,...
The Weekly Bottom Line: Sitting at Neutral, Slogging Towards Normal
U.S. Highlights Our updated economic forecast anticipates a slowdown in global growth to 3.2% in 2019, roughly at trend. A weak handoff from 2018 and start to 2019 motivates much of the downgrades in advanced economies, while growth in emerging...
Dollar Falls as Soft Data and Trade Hope and Brexit Guide Markets
The US dollar is lower against most major pairs on Friday. The greenback was higher on Thursday as investors sought refuge after the Brexit drama and the apparent delay in the US-China negotiation. President Trump later said that news is...
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