Markets ECB chief economist Lane spent most of today’s speech in Paris reminiscing on the ECB’s “successful” monetary policy response to the pandemic. He took the opportunity as net asset purchases under the Pandemic Emergency Read more…
Personal income was up 0.5% month-on-month (m/m) in February, on par with consensus expectation. January growth was revised up to +0.4% m/m from a flat reading. Compensation of employees (+0.6% m/m) remains the driving force Read more…
The Canadian economy expanded by 0.2% month/month (m/m) in January, matching Statistics Canada’s flash estimate. The flash estimate for February showed an even stronger gain of 0.8% m/m. January’s increase in activity was mixed, with Read more…
Detroit giant GM is increasing production rates for an electric pickup that is seeing very high demand. General Motors (GM) – Get General Motors Company Report is lining up the pieces to counter and attack its Read more…
This should bring in a global audience for Caesars, MGM, Wynn, and every casino operator on the historic Las Vegas Strip. Las Vegas has quickly gone from a sports desert to one of the world’s Read more…
GBPCAD is improving from the 29½-month low of 1.6315 but the near six-week decline from 1.7376 high remains intact below the 1.6714-1.6786 resistance boundary. The falling simple moving averages (SMAs) continue to endorse a deteriorating Read more…
Futures trade mixed after US core PCE rose 5.4% YoY, below the 5.5% forecast and as spending slows This won’t change the Fed’s outlook. Oil tumbles 5% as the US considers a record reserves release. Read more…
Daily Pivots: (S1) 0.8465; (P) 0.8482; (R1) 0.8512; More… EUR/GBP retreats sharply after hitting 0.8551 and intraday bias is turned neutral first. At this point, further rise is still in favor as long as 0.8294 Read more…
Daily Pivots: (S1) 121.03; (P) 122.12; (R1) 122.92; More… USD/JPY is holding on to 121.17 support and intraday bias remains neutral. Further rally is still mildly in favor. On the upside, above 125.09 will target Read more…
The Encode Plus brings support for Apple’s new Home Key feature Continue reading…