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Week Ahead on Wall Street (SPX QQQ): Return of the rally as yields fall and retail remains strong
The rally is back on after a strong week for equity markets. The main indices avoid an eighth straight down week. US market still has had one of its worst starts to the year in history. The week began with peak fear and ended with optimism high. Surely it can't be that easy to turn things around. Bu
Global financial elite in Davos lust for new powers
As global elites met in Davos this week to discuss their latest plans for a Great Reset, ordinary investors are hoping for a great rebound in their portfolios. The stock market did finally bounce after suffering several consecutive weeks of losses. Whether it’s a just a short-lived relief rally or t
USD/CAD Price Analysis: Selling pressure mounts around 1.2780s as bears eye for a break below the 100-DMA
The Canadian dollar is recording goodish gains in the week of 0.85%. A positive market sentiment boosted the appetite for high-beta currencies, like the CAD. USD/CAD Price Forecast: To face solid support around 1.2694-1.2700. The USD/CAD edges lower in the North American session, extending its weekl
USD/CHF Price Analysis: Remains negative but bounced off weekly lows around 0.9545, approaches 0.9590s
The USD/CHF is registering losses of 1.68% as the weekend looms. A risk-on market mood capped the USD/CHF fall as safe-haven appetite decreased. USD/CHF Price Forecast: If bulls are to regain control, a daily close above 0.9600 is needed. The Swiss franc is set to finish for the second consecutive w
Colombia's turn to lean left?
Summary In mid-2020, we identified rising populism and support for populist-style political candidates to be a long-term theme that emerged from COVID. Latin America has been a region where this theme has materialized, and with Colombians heading to the polls this weekend, opinion polls suggest Colo
Back to winning ways
Another positive session in equity markets as bargain hunters are tempted back in to cap off the first winning week in eight in the US. It's been a rough ride and despite this week's performance, there could still be more pain to come. But at these levels, it's only natural that the vultures are cir
The Week Ahead: US non-farm payrolls, Bank of Canada, EU CPI, Dr Martens and Broadcom earnings
US non-farm payrolls (May) – 03/06 – there’s a great deal of uncertainty about how resilient the US economy is when it comes to some of the underlying numbers. A sharp contraction in economic output in Q1 doesn’t appear to be altering the dynamics around the labour market, which is struggling with w
FTSE100 hits a 3-week high, windfall levy weighs on UK oil and gas
Europe It’s been a decent week of gains for markets in Europe, with the FTSE100 enjoying a particularly strong performance, on course for its best week in over two months. This outperformance has been helped by decent gains from the likes of Ocado, Kingfisher, B&M European Retail and Primark own
Market rebound extends towards the weekend
Equities continue to move higher as the week draws to a close, with hopes that this rally might last longer than some of the recent failed bounces. Stocks make fresh gains “Investors have been more comfortable about buying into this rally thanks to the lack of any hints of 75 bps rate hikes in this
USD/INR: Indian rupee to keep making new lows – Wells Fargo
The USD/INR is about to end the week modestly lower, pulling back from record levels. The chart shows the primary trend is bullish and strong. According to analysts at Wells Fargo, the rupee will continue to decline versus the US dollar, at a gradual pace. Key Quotes: “The Indian rupee recently hit
EUR/USD risks becoming more two-way – MUFG
The EUR/USD is about to post end higher for the second weekly in a row, “notable gains” according to analysts at MUFG Bank. They point out that the bounce in the pair is very notable and is becoming more difficult to simply dismiss out of hand as just a temporary reversal. Key Quotes: “EUR/USD is he
GBP/USD records a weekly high near 1.2669 but retreats towards 1.2610s post-US PCE
Cable is about to post back-to-back weekly gains, up by 0.94%. The Fed’s favorite inflation gauge eases from above the 5% threshold, showing signs that elevated prices could be peaking soon. UK’s PM Boris Johnson said that the UK might escape a recession. GBP/USD Price Forecast: If bulls fail to rec
US: Momentum in consumer spending continued into the second quarter – Wells Fargo
Data released on Friday showed Persona Spending rose in April 0.9%, surpassing expectations. Analysts at Wells Fargo point out that for the first time since October 2021 income outpaced inflation. They forecast consumer spending will downshift over the next quarters. Key Quotes: “On the day after re
USD/MXN tumbles to lowest since January 2021 near 19.50
Mexican peso among top performers on Friday. USD/MXN trades at the lowest level since January 2021. Risk appetite, a weak dollar and a hawkish Banxico supports MXN's rally. The USD/MXN is falling sharply on Friday, with the Mexican peso leading across the board. The pair tumbled to 19.56, reaching t
WTI set to end strong week around $114 and eyeing monthly highs with familiar bullish themes in focus
WTI has stabilised just below monthly highs near the $114 level, as bulls eye a push towards $120. Familiar themes of strong US demand, EU/Russia oil sanctions, OPEC+ output struggles and easing Chinese lockdowns are supporting prices. WTI looks set to end the week around $3.50 higher. Oil prices ha
Pull-up Update
