Indeed, speculations of further stimulus actions from the Bank of England are rising after the batch of negative releases that started this week. Attention to labor data was not much on the unemployment rate for March, which held at 3...
The lack of positive catalysts finally seems to get the final word following the impressive bullish rebound seen on Monday globally...
What's the CAD (Canadian Greenback )? CAD, nicknamed the "loonie", is the forex abbreviation or forex image used to indicate the Canadian greenback...
So far, there is little evidence that a V-shaped recovery should be favored, as market outperformance is still being driven by a small number of stocks (i.e. technology and healthcare sectors...
Markets appear losing steam following yesterday’s gains motivated by Fed Chairman Powell comment that monetary stimulus is still on the table as well as headlines concerning the potential discovery of a vaccine by Moderna Inc that could create an immune-system response in the body, bringing extra...
Optimism over warm weather supporting the gradual return to normal activities following a more than two-month lockdown period globally holds equities in demand as commodity currencies hold to their gains with oil prices climbing above $30 for the first time since mid-March 2020 on hope of growing...
In the foreign exchange markets, the US dollar index consolidates above the 100 mark on firm safe haven demand. The US treasury yields retreat as investors continue piling into less risky US debt, despite the uptick in equities – a proof that the risk appetite remains brittle...
US equities rebounded; the Dow (+1.62%) and the S&P500 (+1.15%) gained on Thursday, as bank stocks rallied 2.64% as the Federal Reserve (Fed) Chair Jerome Powell talked down the possibility of negative rates for the moment. Nasdaq advanced 0.91...
The global risk sell-off is picking up momentum on worries that the post-coronavirus economic recovery may be bumpy due to renewed contagion waves and that the tensions between the US and China could further dent the world economy from gaining a healthy pace of recovery...
The US dollar demand remains firm as investors sell risky assets and pile into the greenback and US treasuries in a swift move to the safety. The USDJPY remains offered above the 107 mark, and gold is timidly bid past $1700 per oz...
Released this morning, the British production and growth data surprised to the upside. The industrial production slumped by 8.2% y-o-y in March versus 9.3% expected by analysts and the first quarter GDP contracted by 2% versus 2.5% penciled in. The pound shortly rebounded to 1...
Gold finds buyers below the $1700 per oz, but the US treasury demand - despite low yields, should limit the safety inflows to the yellow metal as risk-averse investors remain skeptical regarding the gold’s capacity to hedge a sharp risk sell-off at the current levels...
Equities in Asia mostly turned negative after European and US markets made a mixed start to the week amid rising concerns regarding what could go wrong as businesses reopen gradually across the globe. Gains in technology and healthcare stocks were offset by losses elsewhere...
The US dollar index steadies below the 100 mark as an indication that the global risk sentiment hasn’t been shaken by the latest employment figures in the US. The USDJPY is ready take over the 107-resistance. Gold remains close to the $1700 per oz...
Friday’s jobs data in the US was catastrophic with more than 20 million jobs lost during April, but in line with market expectations, so the market mood wasn’t shaken by the ugly number. The US equities closed last week on a positive note. The Dow rallied 1.91%, as S&P500 (+1...
US and European equities closed Thursday’s session comfortably higher, and futures rose on prospects of business reopening, even though the White House stood against issuing specific guidelines on when and how to kick start the economic activity on fear that they could be too prescriptive, and fo...
In the UK, the Bank of England (BoE) is widely expected to maintain the interest rates and the bond purchases program unchanged at today’s monetary policy meeting...
The early week optimism faded on the back of mixed but mostly negative corporate results in the US, hundreds of earning calls proving that the economic collapse due to the coronavirus has been far worse than the 2008 subprime crisis according to a Fed study, and a devastating jobs report...
