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 […]

Market Update – February 26 – End of Month shenanigans

Market News Today – Yields spike (10-yr +9.27% – over 1.52), Equities tank (Nasdaq -3.52%, Nikkei -4%), USD off 3-year lows. Commodity, EM currencies & Sterling cool from highs. Oil holds up (US attack on Iranian groups in Syria), Gold falls further under $1770, BTC […]

Events to Look Out for Next Week

Manufacturing PMI (CNY, GMT 01:00 Sunday) – The Manufacturing PMI is expected to slow down to 52.6 from 55.7 in January. Harmonized Index of Consumer Prices (EUR, GMT 13:00) – The prelim. German HICP inflation for February is anticipated to decline to 0.5% y/y from […]

Good US Income, Spending & Savings data

USDIndex, H1 US personal income climbed 10.0% in January and spending increased 2.4%, pretty close to expectations, with much of the strength a function of the $900 bln pandemic relief bill from late December. These follow respective December prints of 0.6% and -0.4%. Compensation increased […]

Why should we care about Yields?

The story in February has been inflation, inflation, inflation. The worries of rising inflation as central banks insist on accommodative policies until the labour market recovers significantly boosted yields upwards, putting stocks’ lofty levels in a new, riskier, light. Expectations of hefty stimulus this year […]