Euro Pauses after Solid Week
The euro has posted slight gains in the Monday session. Currently, EUR/USD is trading at 1.1914, up 0.13% on the day. The euro has been on a steady decline since mid-February, but reversed directions and gained 1.19% last week, its...
Data Flurry to Inspire a Range Break?
Last week’s narrow AUD/USD trading range of 0.7588 to 0.7677 was the first sub-1 cent weekly range since November 2020. This week’s busy Australian data calendar could inspire clearer direction for the Aussie.Data flurry to inspire a range break? Last...
Weekly Economic & Financial Commentary: Reopening Boom, while Supplies Last
U.S. Review: Reopening Boom, while Supplies Last This week’s economic data kicked off with a bang. The ISM Services Index jumped to 63.7, signaling the fastest pace of expansion in the index’s 24-year history. The strong report came with some...
The Weekly Bottom Line: A Few Dark Spots in Bright Economic Growth Prospects
U.S. Highlights U.S. equities jumped early this week and continued to move higher over the course of it despite the prospect of higher corporate taxes announced by the Biden administration. A few dark spots in the short-term outlook are supply...
Week Ahead: Lockdowns and “Re-Openings”, Big Data Dump, and Earnings Season Begins!
The talk last week was all about the expectation of an upcoming economic boom into the spring and over the summer months. Although there are current lockdowns spread throughout Europe and Canada, traders are forward-looking. With vaccines rolling out non-stop...
Week Ahead: Fed’s Inflation Calm About to Get Tested
The Fed has clearly signaled they are not worried about inflation and that should worry financial markets. The Fed has repeated that inflation will be transitory, but financial markets have never seen this record amount of stimulus get pumped into...
Week Ahead – US and China Data Could Reinforce Optimism but RBNZ to Sound Caution
As the dollar recedes on some scepticism around the aggressive bets of an early Fed tightening, US inflation and retail sales numbers due in the coming week could reignite those expectations. There could be a further boost to the global...
Canada Employment Surged Higher in March
Stronger-than-expected 303k employment gain cut the remaining shortfall relative to pre-shock levels in half Easing containment measures allowed some recovery in hospitality sector, but gains broadly based The unemployment rate fell to 7.5% from 8.2% in February Renewed virus containment...
Euro Drifting after FOMC Stays Dovish
The euro is almost unchanged in the Thursday session. Currently, EUR/USD is trading at 1.1880, up 0.07% on the day. The euro was red-hot early in the week, as EUR/USD posted gains of close to 1.0 percent and pushed above...
US: Jobless Claims Increasingly an Outlier
Summary The second consecutive increase in weekly claims to 744K and the modest increase in the four-week average stand in contrast to nearly all other reads on the labor market at present, which point to the recovery progressing. One of...
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