End of week Briefing – Live Analysis
US equity futures are modestly firmer, as the market rebounds somewhat following the hefty losses seen Thursday. Mild declines in Treasury yields are supporting equities, while bargain hunting is likely…
Read More »New Zealand Dollar Outlook: NZD/USD Looks Past GDP Miss as FOMC Induces Greenback Weakness
The New Zealand Dollar is gaining against the Greenback after a dovish Federal Reserve sank the US Dollar, allowing NZD/USD to largely ignore New Zealand's Q4 GDP miss.
Read More »Market Update – March 12 – USD Rallies, JPY Pressured
Market News Today – The USD dips and then finds a bid. Stimulus Bill signed by Biden – targets July 4 as “normalcy”. Stocks closed higher (Nasdaq +2.5%), Weekly…
Read More »JPM raise USD/CNY year-end forecast to 6.35 (from 6.25)
Ahead of today’s onshore yuan reference rate setting, a brief excerpt from a JP Morgan note Citing — As you can see from the chart below, JPM are not bullish…
Read More »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…
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