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Stock markets in Europe, plus U.S. index futures are flat this morning, while currencies are steady. Commodities have been active, along with resource stocks.Overnight, both China and Germany reported...
The excellent employment figures released on Friday in the U.S. fuelled the U.S. dollar, which closed the week on an encouraging note. In addition to higher-than-expected job creation, the report...
Yesterday, former governor of the Bank of Canada, Mark Carney, now head of its British counterpart, announced that he would maintain the key rate unchanged at 0.25% and was lowering his 2017 GDP...
Global markets have been steady overnight awaiting today's big employment reports. U.S. index futures, the DAX and the Hang Seng are all up about 0.1%, while the Nikkei fell 0.4%.In currency markets,...
The U.S. dollar is mixed on the Thursday session against the major currencies awaiting the release of the U.S. non-farm payrolls (NFP) due Friday, Aug. 4, at 8:30 am EDT. The U.S. economy is...
Traders thinking that, based on recent MPC comments, the Bank of England was preparing to start raising interest rates, were hit with a bucket of ice water this morning. The MPC voted to maintain its...
Two developments late yesterday afternoon have had a big impact on overnight trading that may continue to impact trading across world markets today.Apple (NASDAQ:AAPL) reported better than expected...
The fortunes of the Canadian dollar have changed quite drastically since May. While USD/CAD was lingering near 1.37 just a couple of months ago, it is now in position to test purchasing power parity...
While U.S. President Donald Trump tries to convince us that there is no chaos in the White House, there’s no denying that appearances indicate the exact opposite. Barely a week after he arrived,...
The new trading week has started with another big rally for the Hang Seng, which jumped 1.2% overnight. Other index moves have been more moderate, with the FTSE up 0.4%, while the DAX and US index...
Last week, clear indications were expected from the U.S. Federal Reserve on when it would officially start reducing its balance sheet. Instead, we got the same song and dance as in June, and we only...
Global economic data continue to point to robust and synchronized economic growth with the release of stronger-than-expected ISM surveys, German IFO business climate survey and Chinese Q2 real GDP...
After hitting a two-year low, the USD/CAD pair ended the day yesterday with a major reversal, closing up 0.76%. We can pinpoint certain factors that contributed to the relative strength of the...
It's a sea of red out there this morning with indices around the world getting slammed downward. Following on from bearish key reversals in the Nasdaq (NASDAQ:NDAQ) and SPX, plus the DAX...
Not surprisingly, the U.S. Federal Reserve (Fed) opted for the status quo. In the statement that accompanied the decision, it was noted that reducing the balance sheet will begin “relatively...