Markets Short-term yields in the US and Europe finally took a breather after a sharp hawkish repositioning. Fed Powell at last week’s policy meeting signaled the Fed would accelerate policy normalization as inflation is rising Read more…
Stocks point to a mildly stronger start after a rough ride in January. Fed speakers calm fears of an overly aggressive approach to tightening. US futures Dow futures +0.02% at 35110 S&P futures +0.08% at Read more…
Dollar loses ground after Fed officials rule out aggressive hike The dollar’s weakness is resuming today as an increasing number of Fed officials downplayed the possibility of a 50 basis points rate hike in March, Read more…
The Canadian economy expanded by 0.6% (month/month) in November, well ahead of Statistics Canada’s flash estimate of 0.3% and consensus expectations for 0.4%, respectively. The release means that Canada’s real GDP is now 0.2% above Read more…
GDP rose 0.6% in November, back above pre-pandemic (Feb/20) levels Early estimate of December output ‘little changed’; Q4 growth tracking close to our 6.0% (annualized) forecast GDP data to look softer in January, but economic Read more…
Gamers, accustomed to micro-transactions and loot boxes within games, oppose NFTs which they see as a moneymaking scam. Video game publisher Ubisoft, one of the major players in the sector, launched Quartz, a platform that Read more…
Pershing Square’s Bill Ackman made money on the economy’s decline at the beginning of the pandemic and then its rebound later on. Hedge fund titan Bill Ackman, CEO of Pershing Square Capital Management, made $3.85 Read more…
Philadelphia Fed President Patrick Harker said he would be “supportive of a 25 basis point increase in March.” But he’s “a little less convinced of” a 50 bps hike right now. He added, “if inflation Read more…
Daily Pivots: (S1) 0.7011; (P) 0.7044; (R1) 0.7101; More… AUD/USD’s break of 0.7089 resistance suggests that it has tentatively defended 0.6991 key medium term support. Intraday bias is back on the upside for stronger rebound Read more…
Daily Pivots: (S1) 114.84; (P) 115.21; (R1) 115.50; More… USD/JPY’s fall from 115.68 extends lower today but it stays above 114.46 minor support. Intraday bias remains neutral and further rally is in favor. . On Read more…