Investors Awaiting Inflation Data In Europe
Despite a slight increase in initial jobless claims, strong US retail sales data strengthened the dollar index and gave even more reason to believe that the Federal Reserve will announce the start of QE program cuts at its meeting on...
US Open: Wall Street Mixed as Retail Sales Unexpectedly Rebound
US retail sales unexpectedly rebound lifting Dow futures out of the red. US futures Dow futures +0.2% at 34730 S&P futures -0.4% at 4465 Nasdaq futures -0.4% at 15443 In Europe FTSE -0.02% at 7028 Dax +0.31% at 15680 Euro...
EU Equity Markets Hold Onto Gains
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Stocks Mixed on Strong US Data, Casino Stocks Crushed on China Review
US stocks are mixed as investors digest a better-than-expected Empire State survey, a triple threat of bad news from China (casino crackdown, soft economic data, and Evergrande contagion fears), and as concerns start to grow over surging oil and gas...
The Canadian Election and FX Outcomes
Canadians will go to the polls on Monday, September 20 to elect their new government. The outcome is too close to call, as the two main contenders are currently running neck-and-neck in opinion polls. The best scenario for the loonie...
Canadian Election Preview: AUD/CAD in Focus as Liberals Cling to a Tiny Lead
The most likely scenario is a minority government, meaning that the winning party will have to collaborate with other parties to reach a consensus about new policies… After staying cooped up inside for most of the past 18 months, Canadian...
CPI Data Misses. Does it Matter?
This print should have no effect on the FOMC’s decision next week as to whether they will announce tapering Inflation has been running hot this summer. Despite the high readings, Fed Governor Jerome Powell had declared that most of the...
Volatility Remains Muted
Financial markets remained eerily muted overnight, trading mostly sideways and leaving me asking myself, “Is September the new May?” A lack of tier-1 data is partially to blame as the street remains in limbo, torn over uncertainty about the Fed...
Bullish Dataset Awaited to Bolster Pound ahead of BoE
Sterling remains the king among major currencies year-to-date thanks to its immediate vaccination landmark at the start of the year, but despite its latest rebound, buying pressures have been inadequate to drive it above the 1.3900 – 1.4000 resistance territory...
USD Gains A Bit Yet Ended Last Week Lower
The greenback seems to have begun the week on the front foot, as traders begin to prepare for some high impact financial releases scattered through the week, while on fundamentals, the Fed’s intentions are still considered of key importance and...