Articles
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 the rate at which a country's central bank lends money to local banks. The interest rate is charged b...
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 have benefited from similar economic drivers, it could be tough to navigate a directional bias for GB...
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 President of the United States last month. Why is the announcement important? Non-Farm Payroll is o...
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 after the rate fell unexpectedly in the fourth quarter as the country boomed after a lengthy recession....
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 of late, and from a fundamental point of view, it's not hard to envisage a return of strength for th...
Wall Street vs. Main Street
It has been an eventful week over in the United States this week. Some of the major companies, including Microsoft, Apple, Facebook, and Tesla announced their latest earnings. The Federal Reserve kept their interest rates unchanged at 0.25%. We also saw the US GDP expand by 4% in Q4 of 2020. However, these were not the most talked-about events t...
See-sawing equity markets, US Dollar strength and stimulus hopes
Equity markets Global markets see-sawed from record highs to steep declines in an eventful month that saw a new US administration sworn in, promises of record US stimulus and the FOMC spoiling the party somewhat. Global equities Major Indices in the US and Europe saw record highs this month on hopes of fresh stimulus from the US and signs of globa...
EURGBP – Sterling Applying The Pressure
EURGBP – Hourly Since the 12th of January, we've seen much choppy price action in the EURGBP cross, with Pound Sterling applying the more significant selling pressure. This shorter-term bearish bias is what we'll be looking at in today's Chart of The Day using the hourly time frame. Firstly, we can see the initial DiNapoli target of 0.8854 ...
COTD: FTSE100
FTSE100 – Point & Figure The FTSE 100 looked to ride the tailwinds of positive sentiment sweeping through US markets today but instead failed to maintain a reasonable start, ending the session down and 7 points in the red. However, the longer-term picture looks brighter for the Index as we study the latest point & figure chart shown ...
Preview: 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 a rate at which a country's central bank lends money to local banks. The interest rate is charged by the nat...
Electric Car Stocks on the Move
2020 was a good year for electric car space. We have seen shares of most electric car makers surge considerably and take steps to take the industry to the next level, most notably Tesla and NIO. Top 5 automakers by market cap* Tesla at $790.53 billion Toyota at $209.83 billion NIO at $97.21 billion BYD at $94.21 billion Volkswagen at...
Preview: Non-Farm Payroll Announcement
It’s a new month and a new year – which means the latest 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 has been a turbulent week in the United States with a riot causing havoc in Washington D.C. This will be the last jobs...
COTD: PFE – A Booster Shot For Pfizer Shares?
Pfizer (PFE)- Daily PFIZER - Before Christmas, the pharmaceutical giant Pfizer drew much speculation in the market once it became the first company to develop an approved Covid-19 vaccination. We see this reflected in the bullish activity leading up to December. Now that additional vaccines are available elsewhere, it seems to have had a detrime...
The pandemic year: investors navigating the new normal
2020 has brought a rapid and unpredicted change. The new decade started with talks about climate change, the shifting trading landscape and trade frictions, Brexit, and the rise of political populism but the dynamics quickly changed to an unparalleled and unprecedented health crisis that rattled the markets throughout the whole year. As we head...
CSL stops phase 2/3 COVID-19 vaccine trials: Australian Govt cancels order
CSL, a leading global biotech company headquartered in Melbourne announced its update on its COVID-19 vaccine developed in collaboration with the University of Queensland. The Company revealed while the Phase 1 trial “elicits a robust response” towards the virus and “has a strong safety profile”, the molecular clamp antibodies did cause ...
