Dollar Falls Ahead of Busy Week in Markets
The US dollar is weaker across the board on Friday after President Trump reached a deal to reopen the Federal government. Washington will continue to operate amidst political uncertainty at the discussed agreement is only until February 15 when a...
Stocks Rise as Fed Considers Early End to Balance Sheet Shrinking
US stocks open widely higher after the Wall Street Journal reported that that the Fed is considering to weigh an earlier than expected end to the bond portfolio runoff. Stocks were punished last month when Fed Chair Powell said the...
Signs of a Thaw in US Government Shutdown Negotiations Ahead of a Busy Week for US Stocks?
When yesterday’s dueling Democratic and Republican proposals to open the government both failed to garner nearly enough votes in the Senate, it assured that 800,000 government employees would go a whole month without receiving a paycheck. However, it’s often said...
Week Ahead – Dollar to Seek Direction from Trade Talks, FOMC and NFP; Eurozone GDP and Aussie Inflation also Eyed
The next seven days will be an important one for the US dollar as high-level US-Sino trade talks, the policy meeting by the Federal Reserve as well as key data releases will likely determine the currency’s next turn. The Australian...
Week ahead: Brexit Plan B vote, FOMC and NFP
There are several potentially high-impact macro events and data to look forward to next week. Most of the macro pointers are from the Eurozone and the US, but there are also some from other regions, too. So, it could be...
Australia & New Zealand Weekly: Why RBA Will Keep Rates on Hold
Week beginning 28 January 2019 Australia: CPI, private credit, trade prices, CoreLogic home prices, Australia Day. NZ: trade balance, Auckland Anniversary Day. China: NBS and Caixin PMI’s. Euro Area: CPI, GDP, unemployment, ECB President Draghi speaks. UK: BOE Governor Carney...
Weekly Focus: US-China Trade Talks are the ‘Name of the Game’
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Canadian Dollar Edges Higher, Investors Look for Cues
USD/CAD has posted slight gains in the Friday session. Currently, the pair is trading at 1.3318, down 0.29% on the day. On the release front, there are no Canadian or U.S. events on the schedule. Considering the weak performance of...
Equities Jump on Strong US Earnings
Global equity markets were a sea of green on Friday as investors diverted their attention from geopolitical risks and global growth fears to focus on robust US corporate earnings. Asian stocks marched to a seven-week high to close positive following...
Gold Shrugs As Jobless Claims Sink To 49-Year Low
After starting the week with losses, gold has been uneventful and the trend has continued on Thursday. In the North American trade, the spot price for one ounce of gold is $1282.80, unchanged on the day. In economic news, unemployment...