Will The Dollar Be Able To Capitalize On Safe Haven Flows?
Markets Monday’s tentative equity correction gradually deepened yesterday. Persistently high infection levels, especially in non-developed countries (India) reminded investors that the consequences of the pandemic won’t disappear at once even as the vaccinations are further rolled out. Some ‘simple’ profit-taking...
More for ECB to Consider and Better UK Employment Data: EUR/GBP
German PPI for March was released earlier today. The MoM print increased from 0.7% in February to 0.9% in March. Expectations were for a decline to 0.6%. However, the bigger story regarding German PPI was the YoY print at 3.7%...
US Stocks Closed In The Red. Dow Jones And S&P 500 Retreated From Record Highs
The US indices declined by 0.4-1%. It was partially triggered by a Tesla car crash near Houston and a decline in shares of Microsoft, Amazon, and Nvidia ahead of quarterly reports. The producer price index (PPI) in Germany jumped 3.7%...
Oil Choppiness, Gold Pares Gains
Oil Crude prices are stuck in the mud as an improving European outlook is countered with a weekly record for global infections. The energy market is paying close attention to India as the current surge is forcing refiners to shutdown...
US Open: Stocks Consolidate at Record Highs, Earnings in Focus
US futures are easing lower after the Dow Jones & S&P 500 hit record highs on Friday. Earnings will step up a gear this week with Netflix, Johnson & Johnson, IBM & Coca-Cola due. USD slumps to 6 week lows....
Week Ahead: Geopolitical Tensions Resurface, ECB, BOC, and NFLX Report
The next hint of market direction may come from somewhere unexpected Last week the headlines were about continued economic strength on re-openings in richer countries and increasing coronavirus cases in poorer countries. Geo-political tensions also resurfaced. Russia and the US...
Recent Economic Data Shows it’s the US Consumer vs the Fed
The University of Michigan conducts a poll twice a month on consumer sentiment, which includes both a current sentiment and an expectations sentiment. The Preliminary numbers are released in the middle of the month and the final results are released...
Week Ahead: Bank of Canada to Reduce Purchases; Global Economic Recovery to Pickup
The global economic recovery is gaining momentum as the world’s two largest economies continue to deliver robust economic readings. China’s economy grew 18.3% in the first quarter, a record rate that sets the example of what we can expect as...
Weekly Economic & Financial Commentary: More Evidence of Economic Recovery
U.S. Review More Evidence of Economic Recovery Data released this week continue to show that the economic recovery is gaining momentum. The much anticipated consumer boom has arrived, helped by an influx of stimulus in March, and industrial production rebounded...
The Weekly Bottom Line: Federal Budget Headlines The Week Ahead
U.S. Highlights Headline inflation jumped in March, but it’s too soon to sound the alarm. Economic slack is still high, inflation expectations benign, and the Fed unlikely to sit on the sidelines if they drift up persistently. Retail sales surged...
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