Powell Speaks At IMF Meeting Amidst rising optimism over the pace of the US vaccination programme and the prospect of an acceleration in the economic recovery as the country re-opens, Fed’s Powell had...
Canadian Unemployment Rate: 8.2% Prior 8% Expected Canadian unemployment data is up later today and will be the headline data event of the US session. Given the improvement we’ve seen over the last...
Dovish FOMC Report Leaves USD Bulls Struggling
US equity index futures posted another record on Thursday fueled by the release of dovish FOMC meeting report, which dampened concerns of early withdrawal of cheap liquidity, thereby fueling the...
US Yields Slide Following Dovish FOMC Minutes
Dollar Lower Following FOMC Minutes The US Dollar remains under selling pressure this week as the minutes from the latest FOMC meeting in March saw tightening expectations dialled back further. The...
The Crude Chronicles - Episode 77
Oil Traders Add to Longs The latest CFTC COT institutional positioning report shows that WTI traders increased their net long positions in crude last week by a further 8.255 contracts. With this...
Upbeat Soft Data in the EU Fuels Tactical Retreat of USD
Indices of activity in manufacturing and services sector in the EU indicated a welcomed expansion in March. However, it came with a decent delay due to lockdown extensions. Compared to the pace of...
UK Services PMI Surges Into Positive Territory Over March
Service Sector Rebounds There was some better news for the UK over the early European session today. The IHS reported that the UK services sector finally rebounded into expansionary territory last...
Dollar Lower Despite IMF Optimism On US Recovery
Crisis-End In Sight Risk appetite has been given a further boost this week with the International Monetary Fund upgrading its global growth outlook at the group’s spring meet. In a display of optimism...
ISM Non-Mfg. Activity Index for March Hits All Time High
Incoming data on the US economy suggests that recovery is quickly gathering pace. The bar to surprise markets after blockbuster March NFP report was quite high, however US activity indices could raise...
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