Q1 Earnings Season – The Banks
This week the key Q1 Earnings season kicks off in earnest with many of the major US banks reporting. Q1 earnings are seen as key for setting the tone of…
Read More »Live analysis | March 24
Fed Chair Powell remains sanguine that inflationary pressures, should they arise, can be contained. The USD has been generally firmer through the session with a slight uptick in Treasury yields…
Read More »US Open Live Analysis – USD, Stocks & BTC weaken, Gold rallies
Stocks and the USD are lower, though the reflation trade sentiment continues to boost commodities; today this includes Gold. Ms. Lagarde is due to speak as the US market opens…
Read More »US Open – Live Analysis – Claims, Housing & Philly Fed
Stocks and bonds are mostly lower in consolidative trading, though the reflation trade helped boost commodities. After yesterday’s big beat for Retail Sales, all eyes are on today’s upcoming US…
Read More »More Upsides than Downsides for Oil in the 1st half of 2021
USOIL dropped over 1% to 3-day lows at $57.50 after it printed 13-month highs of $58.98 on Wednesday. Brent crude, meanwhile, holds over the $60 mark, a level that has been…
Read More »CISCO – Earnings Preview
CISCO, Daily Cisco Systems Inc. (Cisco) has long been THE player in the USA for global network equipment hardware sales like routers, switches and gateways. In recent years it has…
Read More »NFP and Trade Balance disappoint and weigh on the USD
EURUSD, H1 US nonfarm payrolls bounced 49,000 in January, recovering slightly from the -227,000 (was -140,000) drop in December, which was the first decline since April. While the headline was…
Read More »US Data & Market Open – January 28
The 4.0% US Q4 GDP growth pace slightly exceeded our estimate but slightly undershot market forecasts, with big upside surprises from gains of 3.0% for investment in nonresidential structures and…
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