Stocks and Commodity Currencies Drop as Caution Returns to Wall Street
The best post-Christmas rally is over and most of the gains are already gone. Europe returned to the markets and traded mix. What was discerning for the equity rebound was that it did not take to the news that China...
Wobbly Canadian Dollar Back above 1.36. US Jobless Claims Within Expectations
USD/CAD has gained ground in the Thursday session. Currently, the pair is trading at 1.3639, up 0.46% on the day. On the release front, the U.S. unemployment claims rose slightly to 216 thousand, just shy of the estimate of 217...
DAX Slides As U.S Stock Surge Fizzles In Europe
The DAX Index has posted sharp losses in the Thursday session. Currently, the index is at 10,452 down 1.7 percent. There are only a handful of eurozone events this week, with no data indicators on Thursday. The U.S. releases employment...
S&P 500 Attempts to Fight off Bear Market
Stocks opened higher in NY after some market participants return from holiday. Over the holiday, President Trump attempted to assuage markets with votes of confidence in the US economy and Treasury Secretary Mnuchin. Mnuchin on Christmas Eve made calls with...
The US Currency Is Still Under Pressure
The US dollar is falling against a basket of major currencies due to news from the White House. The US government partially suspended its work on the weekend after Donald Trump demanded funds for the construction of the wall on...
Thin Trading Expected As The Christmas Celebrations Continue
Thin trading will be experienced today as people around the world are on their Christmas break. Many markets including Australia, United Kingdom and Canada will remain closed today. This comes after the markets in the United States saw major declines...
Most Of The Markets Across Europe Remain Shut On For Boxing Day Holiday, Political Developments In Washington Remain A Focus
Notes/Observations Most of the markets across Europe remain shut on for Boxing Day holiday No Christmas Break for the correction; equities still reeling from the not-as-dovish-as-hoped Fed decision from last Wednesday; S&P 500 entered a bear market Mood expected to...
Growth Assets Are Spiralling Out Of Control
Markets Growth assets are spiralling out of control amid a synchronised global growth retreat concerns as Wall Street is amid its worst run in a decade with the market is on course to have it’s worst December since 1931 during...
USD/CAD Climbs above 1.36 as Canadian Dollar Falters
USD/CAD is unchanged in the Monday session. Currently, the pair is trading at 1.3592, up 0.07% on the day. There are no Canadian or U.S. events on the schedule. The Canadian dollar recorded sharp losses on Friday, after posting mixed...
Market’s Misery Translates into Gold Luster
After posting strong gains last week, gold prices continue to move higher in the Monday session. In the North American session, the spot price for one ounce of gold is $1265,65, up 0.77% on the day. There are no U.S...
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