Events to Look Out for Next Week
Leading indicators such as the US and Chinese inflation and GDP from the UK and Japan dominate the releases next week. Meanwhile, the economic releases will be closely watching also…
Read More »Dow Jones Sinks Below 31,000, AUD/USD Trendline Breaks as Yields Surge
Treasury yields surged higher after Fed Chair Jerome Powell failed to cool bond market volatility. AUD/USD broke below a key trendline after safe-haven bids drove the US Dollar higher.
Read More »US Unemployment Claims tick up
USDJPY, H1 US initial jobless claims rose 9,000 to 745,000 in the week ended February 27 following the -98,000 plunge to 736,000 in the February 20 week. That brought the…
Read More »Recap February 28: Tesla Collapses, US Dollar in Trouble, Gamestop vs Robinhood Rd 2 (Recap ep112)
In this week’s recap, we’ll talk about the collapse of Tesla’s stocks, how the US Dollar is getting into trouble and how we are witnessing what seems like a second…
Read More »CAD remains and should continue to remain capped
Canada’s GDP grew 9.6% in Q4 (q/q, saar), better than expected after the 40.6% bounce in Q3 (was 40.5%) that followed the 38.5% plunge in Q2. A modest inventory accumulation in…
Read More »USD/CAD May Move Lower on USD Weakness Despite Crude Oil Breakdown
US equities failed to extend gains from Monday as Treasury yields aesed. Elsewhere, the Canadian Dollar gained versus the Greenback despite falling crude oil prices.
Read More »Events to Look Out for Next Week
Fundamentals came back into focus during February as rising rates and fresh uncertainties over the virus weighed on risk appetite. Vaccinations were on the rise, but the increasing tension between…
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