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Risk Appetite Softens
USD Hanging Out Near Highs
The US dollar is in the green again today though the index, which is down off the recent 97.48 highs, is currently capped by the 97.42 resistance. With a lack of any key US data this week, flows are likely to… Read More
Jan 2020: BOC Interest Rate Decision
Canada has largely been able to stay on the sidelines of the global economic uncertainty.
Therefore it's likely to not be as much of a beneficiary of the general positive swing lately. But don't tell that to their stock market, which has… Read More
IMF Sees No Clear Signs of a Turning Point
In its latest World Economic Outlook released yesterday, the IMF took investors somewhat by surprise. The institution once again downgraded its global growth forecasts.
The downgrades come despite positive developments in the US/China… Read More
Strong Start For The Dollar
USD Rallying on Monday
The US dollar has continued to rally over the European morning on Monday with the index breaking above the 97.42 level. Data strength at the end of last week is keeping USD bid here. With no tier-one US data… Read More
The Week Ahead: Keep it Steady
Trade of the week
USDCAD Comes Under Renewed Pressure
Wednesday will see heightened volatility in the Canadian dollar. The consumer price index (CPI) will indicate whether inflation has picked up, an upbeat number would boost the loonie… Read More
Busy Tuesday: BOJ, UK Claimant Count & German ZEW
Tomorrow we have a host of important data coming out, primarily during the European session. And it could really rile up the markets!
Somewhat ironically, the most important data, the BOJ Interest Rate decision, might not be as market… Read More
Trump Impeachment Trial Underway
This probably isn’t the start to the year (or decade for that matter) that Donald Trump had in mind.
Last week, the US House of Representatives voted in favor of sending articles of impeachment to the Senate for a trial next week.
The… Read More
China GDP Keeps Global Sentiment Buoyed
China’s GDP for the year 2019 grew at a pace of 6.1%, according to data released last Friday. Although the pace of GDP growth remains slow, it was within the GDP target of 6.0% - 6.5% for the year.
Global equity markets maintained the… Read More
GDP Crushed By Data Miss
USD Riding High
The US dollar is ending the week on a much better note than it started. Stronger than expected data yesterday (retail sales & Philly Fed both better beat) has helped lift the dollar into the end of the week. USD index… Read More
Risk Appetite Remains High on Trade Deal & US Data
Equities continue to remain poised to the upside due to a number of factors.
The US-China trade deal brought a modest reaction. Investors expect that there is still a lot to do.
Economic data from the US saw retail sales beating… Read More