NFP: Major divergence in estimates

US ADP reported private payrolls increased 117k in February, well below forecast (177k), though the 174k January gain was revised higher to 195k. The service sector supported the increase, with jobs rising 131k. In this sector, trade/transport led with a 48k increase, followed by education/health […]

Midweek Market Podcast – March 3

The Market Week – March Week 1 HotForex · The Market Week – March 3rd 2021 The focus of attention once again this week is on the Bond markets, however Treasury prices & yields have stabilized, and volatility has cooled. The pressure on the USD […]

Apple ahead of its Spring update

APPLE, Daily Apple, an American company founded in the 1970s, represents itself as a great example of the American dream with many success stories. The company has at least two key months every year, usually September and March. Last September, everyone was waiting for the […]

Market Update – March 3 – Cautious ahead of Powell and OPEC

Trading was consolidative and quiet Tuesday as the markets took stock of recent activity. A lack of fresh catalysts also limited action. There was some jostling in stocks late after Texas announce it is opening up the state economy 100% and removing the mask mandate. […]

USOil and upcoming volatility

oil Later today and tomorrow evening we will have the API and EIA reports, while the day after that, on March 4, eyes will be on OPEC and its non-OPEC partners, known as the OPEC+ meeting. After touching the 13-month high at $63.67 on February […]

CAD remains and should remain capped

Canda’s GDP grew 9.6% in Q4 (q/q, saar), better than expected after the 40.6% bounce in Q3 (was 40.5%) that followed 38.5% plunge in Q2. A modest inventory accumulation in Q4 after the huge drawdowns in Q3 added to GDP in Q4. Government consumption, M&E […]

Forex Update – March came in like a bull for Wall Street

The major indexes surged sharply higher on the back of more good news on vaccines and the expectation of massive stimulus sooner than later. Another batch of stronger than expected data helped too. But opening the door for the gains was the more subdued tenor […]

Market Outlook – March 2021

March – 2021, Monthly Outlook February was positive for stock market recoveries and negative for safe-havens, as the virus infections declined and vaccinations increased, both significantly. Gold had its worse month since 2016, the Japanese Yen traded 1.7% lower and stocks hit new all-time highs. […]

Fluor Corporation Earnings Preview

Fluor Corporation is a holding entity that operates in four major segments: Energy and chemical Industrial, mining, infrastructure and power Different services Government The company offers professional services of fabrication, construction, procurement and engineering services on an international basis. Earnings Preview The corporation will publish […]

What about copper?

One of the latest lessons we have learned from nature is the importance of a healthy life and green energy. The global transition to green energy, especially following the COVID-19 pandemic, has sent Copper to an 11 year high, but why? While everyone was focused […]