This trade has been at the top of the charts all year The failure of the Canadian dollar to launch immediately after the Bank of Canada decision last week was puzzling but the market got the memo (telegram?) this week. A strong retail sales report helped to cement the momentum in the Canadian economy and
Month: May 2021
Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in the near future. While projects that operate on the Ethereum (ETH) network
By Eddie Spence and Megan DurisinThe prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life. From steel and copper to corn and lumber, commodities started 2021 with a bang, surging to levels not seen for years. The
Canadian Dollar ended last week as the strongest ones on a couple of factors. With some near term resistance taken out, such rally will likely continue for the near term. Swiss Franc ended as the second strongest. While Dollar was pressured for most of the week, it staged a notable rebound on Friday to close
The Federal Reserve on Wednesday declined to let up on its easy-money policy despite an economy that it acknowledged is accelerating. As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter part of policy is a two-pronged
In this article BRK.A Warren Buffett. Gerald Miller | CNBC Berkshire Hathaway‘s operating earnings rebounded as the conglomerate’s businesses recovered from the pandemic hit. Chairman Warren Buffett kept buying back Berkshire shares aggressively in the first quarter, but at a slightly slower pace. Berkshire reported operating income of $7.018 billion in the first quarter, up
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Closed at 0.7744 The AUDUSD has cracked below an upward sloping trend line and away from the 100/200 hour MAs today. The pair has also just cracked back below the close from last week at 0.7744. The pair is trading at 0.7737 as I type, after reaching an intraday low at 0.77337. The next downside
Forex news for North American trade on April 30, 2021: Markets: Gold down $3 to $1769 US 10-year yields down 1 bps to 1.62% S&P 500 down 30 points to 4181 WTI crude oil down $1.43 to $63.58 USD leads, NZD lags The US dollar was strong particularly against the euro, sterling and antipodeans. Consider
Physical gold in India was sold at a discount this week for the first time in 2021 as a spike in coronavirus cases prompted strict restrictions and kept buyers away. Several Indian states have run out of coronavirus vaccines as new infections surged to another daily record. “Almost every state government has put some kind
The Fed voted unanimously to leave the Fed funds rate target at 0-0.25%. It also decided to keep the asset purchases at US$120B per month. As expected, the Fed upgraded the economic assessments but continued to warn of downside risks. Fed Chair Jerome Powell at the press conference noted that the Committee has not talked
A Wawa store hiring sign in Bethany Beach, Delaware. Stephanie Dhue | CNBC The economy could add more than 1 million jobs in April, economists say. Hiring seems to have strengthened as businesses reopen, leading some economists to make big predictions for the number of jobs added during the month. The April employment report is
In this article GOOGL MSFT AMZN AAPL FB Gwyn Photography | Digital Vision | Getty Images The tech industry is really two industries. There are the five giants, which operate at an almost unimaginable scale, and then there’s everybody else. Alphabet, Amazon, Apple, Facebook and Microsoft all reported March-quarter earnings this week, and some of
Equities give up some ground on Friday but remain poised for fresh records. Earnings season continues to see record growth in earnings Fed remains committed to full employment and a fully accommodative stance. Another week another set of fresh records for equity markets. There really is no alternative (TINA) continues to dominate the narrative. The