Weekly Market Analysis page 49

Key events:       USA - Christmas Canada - Christmas Switzerland - St. Stephen's Day UK - Boxing Day Australia - Boxing Day New Zealand - Boxing Day   The dollar experienced a long period of strength this year but reversed in the fall. While many events influenced this momentum, the Fed's…

Key events:       USA – Core Durable Goods Orders (MoM) (Nov) USA – Core PCE Price Index (MoM) (Nov)   Canada – GDP (MoM) (Oct)   USA – New Home Sales (Nov)   Should we expect another gift from the markets in the form of volatility before Christmas? The past year has been a tumultuous one in…

Key events:       USA – GDP (QoQ) (Q3)   USA – Initial Jobless Claims Markets are unlikely to be affected by the release of any data over the Christmas period, but a bumpy exit from quarantine in China and developments in the energy market could cause global risk sentiment to deteriorate.…

Key events:       USA – Building Permits (Nov)   Canada – Core Retail Sales (MoM) (Oct)   Investors will be watching company reports and macroeconomic data closely this week to see if the Fed's interest-rate hike campaign will cause a recession. Key data, in particular, include the report on…

Key events:       UK – CBI Industrial Trends Orders (Dec) Canada – RMPI (MoM) (Nov) New Zealand – Trade Balance (MoM) (Nov) U.S. stocks declined on Friday, with the S&P down 1%, and a similar decline was seen in Europe as the market continued to digest the hawkish messages from the ECB and…

Key events:       UK – Retail Sales (MoM) (Nov)   UK – Composite PMI    UK – Manufacturing PMI   UK – Services PMI    Eurozone – CPI (YoY) (Nov)   The dollar rallied against all Big Ten currencies on Thursday. This strengthening was very broad-based, with 85 of the 146 currencies tracked by…

Key events:       Switzerland  – Interest Rate Decision (Q4)     Eurozone – EU Leaders Summit      UK – BoE Interest Rate Decision (Dec)     Eurozone – ECB Interest Rate Decision (Dec) USA – Core Retail Sales (MoM) (Nov)   USA – Initial Jobless Claims     Eurozone – ECB President Lagarde Speaks…

Key events:       UK – Average Earnings Index +Bonus (Oct)   UK – Claimant Count Change (Nov) UK – BoE Gov Bailey Speaks      USA – Core CPI (MoM) (Nov)   USA – CPI (YoY) (Nov)   USA – CPI (MoM) (Nov)   We live in a world where inflation plays a major role in the economy, so investors are looking…

Key events:       Eurozone – ECB's Supervisory Board Member Jochnick Speaks      UK – NIESR Monthly GDP Tracker USA – Federal Budget Balance (Nov) Canada – BoC Gov Macklem Speaks      The U.S. market has been under pressure all last week ahead of the Fed meeting, and due to the release of PPI and…

Key events:       USA – PPI (MoM) (Nov)   European markets ended the day lower yesterday as nervousness over the global slowdown was very visible, and the market is in defensive mode ahead of the weekend. In contrast, U.S. markets were able to break a five-day losing streak, ending the session…

Key events: Eurozone – ECB President Lagarde Speaks      USA – Initial Jobless Claims European markets continued their third consecutive day of declines yesterday amid concerns over weak economic data and a tighter inflation outlook, while the U.S. markets also continued their losing streak with…

Key events: Canada – BoC Interest Rate Decision   USA – Crude Oil Inventories The Bank for International Settlements (BIS) is worried about various problems, thereby sparing our local central banks from this excitement. The immediate concern at the BIS is that central banks will have to conduct…