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Up next: the Bank of Canada rate decision
One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The rate decision is due to be announced at 15:00 PM London time on Wednesday. Why is the announcement important? A bank interest rate is t...
Overnight on Wall Street: Tuesday 9 March 2021
Equity markets US Equity markets were a mixed bag overnight with the Dow Jones again hitting all time highs while the rout of the tech heavy NASDAQ continued. The NASDAQ has now officially slid into correction territory after dropping over 10% fro...
DOW hits all time highs, Nikkei back to bubble era prices and Bitcoin’s wild ride.
Going into the month’s last day of trading, Global markets have performed well despite a sell off this week. Continued hopes that we’re on a path to economic recovery, with COVID vaccines rolling out and the subsequent drop in cases, have suppo...
Overnight on Wall Street: Thursday 25 February 2021
Equity markets US markets rallied broadly last night with the Dow again hitting an all time high as investors were cheered by Fed chair Jerome Powell’s testimony to the House Financial Services Committee in Washington overnight. Powell testified ...
Overnight on Wall Street: Tuesday 23 February 2021
Equity markets US markets were mixed last night, the S&P which recorded a fifth straight loss while the Dow Jones managed to hold on to a small gain. The biggest disconnect though was the tech heavy NASDAQ, slumping almost 2.5%. NASDAQ listed ...
US markets again hit all time highs and Gold loses its lustre
Equity markets US markets dipped last night with the Dow finishing down for the first time in 4 sessions. This came as the streak of better-than-expected economic data came to an end with initial jobless claims unexpectedly jumping to a one-month ...
Overnight on Wall Street: Wednesday 17 February 2021
Equity markets US Equity markets started strongly with a post Presidents Day holiday bump, only to fade during the session with only the Dow 30 managing to keep in positive territory and hit another record high. It was a quiet night on the news...
Week Ahead: All time highs for US markets, China drives oil rally and Bitcoin boost.
World equity markets finished modestly positive for a week sparse of economic news. US markets again hit all time highs on the back of strong corporate earnings, continued optimism in fiscal stimulus and COVID progress as the US infection rate ease...
GBPCAD – G10’s Best Performing Currencies Lock Horns
GBPCAD – Hourly Individually, both the British Pound and the Canadian Dollar have surged in recent trading sessions, appearing relatively strong against their peers in the short-term. With the latest fundamental data suggesting both currencies h...
Overnight on Wall Street: Tuesday 09 February 2021
Equity markets US Equity markets rallied strongly last night with the Dow Jones jumping more than 200 points to hit another record. The 6 day winning streak has seen the Dows best upward run since August last year as investors remained optimistic ab...
Vaccine progress, Aussie QE extended and Silver rally fizzles
Major global markets rallied convincingly this week with strong corporate earnings from the US, commitments from central banks to keep accommodative measures in place and good progress in US COVID vaccinations gave investors optimism. Equity market...
Preview: Non-Farm Payroll announcement
The Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. It will be the first jobs report since Joe Biden was inaugurated as the 46th P...
The kiwi shooting star
By Luis Sebastian The Kiwi unemployment rate dropped to 4.9% from 5.3% in the quarter ending December 2020, Statistics New Zealand announced yesterday; it is worth noting some Economists had projected a rise to 5.6%. The Kiwi dollar (NZD) soared aft...
Overnight on Wall Street: Thursday 04 February 2021
Equity markets Major US and European indices had a quiet night finishing mostly flat after 3 days of solid gains. US corporate earnings have been strong all week helping to lift equity markets and give investors optimism that the US economic recove...
AUDNZD – Kiwi Returning To The Status Quo
AUDNZD – Daily Despite the Australian Dollar having a strong rally towards the end of last year, it appears the New Zealand Dollar is once again regaining the upper hand against its counterpart. New Zealand is ticking many of the economic boxes ...