Week Ahead – Markets Wind Down, Mind the Liquidity Gap
As the year draws to a close, liquidity could be in short supply next week. This means that sharp market moves are possible without any news behind them. The economic calendar is pretty light, so the spotlight will remain on...
Canadian GDP Rebounded in October and November ahead of Omicron
GDP grew 0.8% in October, backed by a bounce-back in goods-producing industries. Preliminary estimate that output grew another 0.3% in November, despite significant disruptions from flooding in BC. Omicron threat and re-imposed containment measures adding downside risk near-term, but impact...
Stocks Point Higher as Omicron Fears Ease, Inflation Rises
Stocks head higher on upbeat Omicron news. US PCE Index rises to 5.7%. US futures Dow futures +0.34% at 35870 S&P futures +0.35% at 4710 Nasdaq futures +0.25% at 16291 In Europe FTSE +0.45% at 7352 Dax +0.8% at 15692...
Stocks March Higher as Omicron Jitters Subside
Dollar gains traction after PCE release; Safe havens plummet Despite its weakness early in the session, the stronger-than-expected PCE inflation print enabled the greenback to pare a significant part of its losses. Specifically, the US annual Core PCE inflation rose...
Will GDP Lift The Loonie?
The Canadian dollar is trading quietly ahead of the release of Canada’s GDP for October later today. The loonie took advantage of broad US weakness on Wednesday, posting gains of 0.53%, its best daily showing since December 7th. Canada GDP...
Concerns About Omicron’s Severity Continue To Ease
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Stocks Extend Gains As Omicron Studies Spread Some Festive Cheer
Relief rally set to continue for another day as trading volumes thin out Sluggish euro and yen keep dollar afloat as riskier currencies make further advances Will US data spoil the fun before the long holiday weekend? Markets shrug off...
World Stock Indices Grow Despite The Omicron Disease Rise
Yesterday, by the close of the stock exchange, the S&P 500 (US500) increased by 1.0%, the Dow Jones Industrial Average (US30) gained 0.7%, and the Nasdaq (US100) added 1.2%. Positive statistical data provided significant support to the market. The US...
US Consumer Confidence Rises, Inflation Fears Fall, USD/JPY Poised to Break Out
While many traders are logging off for the year to celebrate the holidays, there are still some notable economic data releases trickling out ahead of the long weekend. Ahead of tomorrow’s US durable goods and core PCE reports, we also...
FX Year Ahead 2022: Brace for Volatility
It has been an exceptional year for the US dollar, which defied all the doom and gloom predictions to gain more than 10% against the Japanese yen. The resurgence of inflation has turned the tables with many central banks hitting...