UK: Pressure is intense
The Pound has declined against most currencies, having more than given back short-lived gains that were seen on news that the UK government has approved the Pfizer-BioNTech Covid vaccine. Cable posted a…
Read More »CAD Retail Sales Beat, Oil & Equities Dip
Canada’s retail sales jumped 1.1% in September while the ex-autos sales aggregate grew 1.0%. Both measures easily beat expectations for modest gains, and marked the fifth consecutive monthly increase…
Read More »Recap November 15: Covid Vaccine! Election Results? (Recap ep097)
In this week’s recap, we talk about the effects in the markets of the announcement of the Pfizer-BioNTech new covid vaccine and also the unofficial election results published by the…
Read More »Risk appetite holds; Commodities notably up!
Canada’s CPI accelerated to a 0.7% y/y pace in October from the 0.5% rate of expansion (y/y, nsa) in September. CPI climbed 0.4% on a month comparable, not seasonally adjusted, basis…
Read More »Global Equities in favour from Vaccine – Could this last?
Moderna’s announcement that its vaccine is 94.5% effective in preventing the coronavirus and that it can be stored at standard refrigerator temperatures for one month added to investor optimism that…
Read More »Oil Market recovery in doubt
Narrow ranges have been ensuing, with a theme of yen firmness amid a backdrop of softening stock markets. Stock markets remained under pressure during the Asian part of the session…
Read More »A risk-back-on theme has emerged
The Pound was showing a 0.5% gain on the US Dollar as of the late London morning, and the UK currency was also making gains versus the Euro, Yen and…
Read More »FX Update – November 11 – USD lifts, JPY drops, & GBP mixed
The Dollar has firmed against the Euro and other European currencies outside the case versus the Pound, with the UK currency posting two-month highs against both the Dollar and Yen,…
Read More »USA100 holds under extensive pressure
Global stock markets are mostly higher, resuming yesterday’s stellar day on Wall Street as the indexes raced sharply higher on surprisingly positive vaccine news from Pfizer and BioNTech. News from…
Read More »US Data – ADP, PMIs & Vaccine News
EURUSD, H1 US ADP reported private payrolls rose 2.369 million in June. Also, May was revised sharply higher, by 5.825 million to a 3.065 million increase (was -2.760 million). April’s…
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