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Dollar Retreats Ahead of Inauguration
The dollar index slid 0.25% lower yesterday as the 45th President exited the White House.
Investors now look ahead to financial spending worth trillions of dollars. Joe Biden already unveiled a $1.9 trillion stimulus package that he…
Bumper Q4 Results For JP Morgan
Shares in JP Morgan are trading a little higher pre-market on Tuesday. The bank’s shares have been on a firm rally over recent months with price surging higher off the 91 level lows recorded in September 2020 to recent highs above the 141…
Upcoming Major Interest Decisions: BOJ, ECB & BOC
After the start of the year adjustment in the markets, risk sentiment has taken a bit of a hit lately.
Stock markets are underperforming, and the dollar is getting stronger. Generally, this is attributed to worries about potential delays…
CADCHF Looks for Mean Bounce
CADCHF has been trading in a slight ascending channel for the last 6-months. After moving away from the lover channel at the start of the year, prices are once again testing the mean.
Should prices bypass the mean and move higher, this…
Trump’s Final Farewell
Dollar Pulls Slightly After Yearly High
The dollar ended slightly lower at the start of the trading week after its ascent to 3-week highs.
The risk aversion mood remained unchanged despite positive results from the Chinese economy…
Weekly Fundamental Bulletin: Banks Prepare for 1st Interest Rate Decision of 2021
Last week’s highlights
China exports rebound in December
Exports from China continue to post a strong rebound in December. Official data released last Thursday showed that China's exports rose by 18.1% on a yearly basis.
This was…
Citi Slides on Revenues Miss
Shares in Citi Group are flat ahead of the US open today following a heavy sell-off on Friday. Selling interest mounted late last week in response to the bank’s Q4 earnings. The bank reported better than expected earnings per share of…
Uncertainty in Germany Ahead of Jan ZEW Indicator
Tomorrow's release of the key ZEW economic sentiment survey for Germany could give us some market directionality.
Daily new covid cases in Europe's largest economy have been on the decline since the holidays.
They remain well above…
The Week Ahead: Bullish Hurdle
AUDUSD Stays High as Risk Appetite Grows
After reaching a 23-month high, the Australian dollar’s bullish run sees no signs of exhaustion yet. The Trump administration’s banning of Chinese companies temporarily lifted the Sino-US…
S&P500 Falls for the 1st Time in 2 Weeks
After posting a strong two-week consecutive gain, the S&P 500 index gave back those gains last week closing on a bearish note.
This comes even as the index tested new all-time highs prior to the decline.
For the moment, prices are…