The Canadian Dollar (CAD) is rising against the declining U.S. Dollar (USD) on Friday, despite data showing that the Canadian economy continues to be impacted by the Coronavirus pandemic. Canada’s Ivey Purchasing Managers Index (PMI) rose last month, but remained below the 50-point mark, which signaled contraction for the second …
Read More »U.S. Nonfarm Payrolls Report: June Data Shows Better-than-Expected Job Growth
The U.S. job market showed stronger-than-expected growth in June, according to the latest data from …
U.S. Stock Futures Edge Up as Trade Deal with Vietnam and Jobs Report Awaited
U.S. stock futures saw modest gains on Thursday as investors weighed the implications of a trade agr…
Bitcoin and Cryptocurrencies Surge Amid Trade Optimism and Economic Data Anticipation
Bitcoin extended its gains on Thursday, building on the momentum from the prior session as improved …
UK Services Sector Sees Strong Growth in June, Exceeding Expectations
The UK services sector saw its fastest expansion in nearly a year in June, according to the latest d…
European Stocks Rise Amid Trade Optimism and Caution Ahead of U.S. Jobs Report
European stocks gained on Thursday, continuing the positive momentum from Wall Street, though cautio…
Oil Prices Slip Amid Trade Concerns, U.S. Tariff Uncertainty, and Potential Output Hikes
Oil prices experienced a slight dip on Thursday, following a 3% gain in the previous session, as mar…
Gold Prices Hold Steady Amid Fiscal Concerns and Trade Uncertainty Ahead of Key U.S. Jobs Data
Gold prices held steady in Asian trading on Thursday, following three consecutive days of gains. Inv…
Market Movers- US Session: NFP and Key Data to Steer Markets and Assets on July 3
On Thursday, July 3, 2025, investors and traders will zero in on a critical lineup of US economic re…
AI Stocks Surge: Can Canadian Innovators Ride the Wave to Massive Gains?
The artificial intelligence (AI) sector is sparking a frenzy in global markets, with chipmakers like…
US Bond Yields Climb Amid Trade Talks and NFP Data Anticipation
US bond yields have been rising since the start of trading on Wall Street, driven by anticipation of…
Market Analysis
February, 2021
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5 February 2021 9:09 pm
U.S. Dollar Declines Across the Board
The U.S. Dollar (USD) declined on Friday, nearing to end the week on a negative note as the United States Congress nears the passing of the $1.9 trillion relief bill, proposed by President Joe Biden. The Dollar Index (DXY), which measures the performance of the greenback against a basket of …
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5 February 2021 7:50 pm
Canada’s Ivey PMI Rises in January but Shows Contraction
Economic activity in Canada continued to contract during January for the second consecutive month, data showed on Friday. Although the seasonally adjusted Ivey Purchasing Managers Index (PMI) increased to a reading of 48.4 last month, from 46.7 in December, it remained below the 50 mark that indicates expansion. The Ivey …
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5 February 2021 5:59 pm
Canada: Unemployment Rate Rises to 9.4% in January
The Unemployment Rate in Canada rose to 9.4% in January from 8.8% (revised from 8.6%) in December with the Net Change in Employment declining more than 212,000 (vs -47.5K expected), the data published by Statistics Canada revealed on Friday. This reading came in worse than the market expectation of 8.9%.
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5 February 2021 5:58 pm
US Nonfarm Payrolls (NFP) Rise by 49,000 in January
Nonfarm Payrolls (NFP) in the US increased by 49,000 in January, the data published by the US Bureau of Labor Statistics showed on Friday. This reading came in largely in line with the market expectation of 50,000. On a negative note, December’s reading got revised down to -227,000 from -140,000.
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5 February 2021 5:09 pm
Turkish Lira Jumped After The Central Bank Chief Ruled Out a Rate Cut
The Turkish lira reached its strongest level since August, Friday, February 5, and strengthened its position as the best performing currency in the world since the beginning of the year, after the central bank governor told Reuters that it was unlikely to cut interest rates for a “long period”. In …
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5 February 2021 4:01 pm
US Dollar on The Way to Its Best Weekly Performance in 3 Months
The dollar is heading towards recording its best weekly performance in three months Friday, February 5th, driven by growing confidence that the US economic recovery will surpass its global peers. The dollar index touched its highest level in two months in Asian trading in light of indications of the strength …
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5 February 2021 2:40 pm
Robinhood Lifts Trading Restrictions on Gamestop and AMC Stocks
Robinhood said it has removed trading restrictions on GameStop and AMC stocks, which have been the basis of the battle between the small traders who organized on Reddit and short sellers, according to an update on the trading platform’s support page. Robinhood’s move comes one day after it increased restrictions …
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5 February 2021 2:06 pm
Nonfarm Payrolls Preview: Forecast From 6 Major Banks
The US jobs report for January is due out at 13:30 GMT. here are the forecasts of economists and researchers of 10 major banks regarding the upcoming employment data. Deutsche Bank “Our US economists are now forecasting a +200K increase in nonfarm payrolls after total jobless claims fell by 1.73 …
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5 February 2021 1:16 pm
European Stocks Rise in Early Trading
European stocks rallied Friday (February 5th), tracking optimistic sentiment on Wall Street thanks to hopes for a faster global economic recovery, while stocks in Frankfurt lagged in performance after data showed a decline in industrial orders. The European Stoxx600 index gained 0.2% and is on track to post its longest …
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5 February 2021 12:31 pm
German Factory Orders Fall More Than Expected in December
Data revealed that German factory orders decreased more than expected on a monthly basis in December, as the impact of restrictions imposed to combat the Coronavirus reduced demand from the rest of the euro area. The data published by the Federal Statistics Office showed that orders for the supply of …
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5 February 2021 2:16 am
Dogecoin Surges Following Tweets by Elon Musk
Fringe cryptocurrency Dogecoin surged on Thursday, following a number of Tweets from famous billionaire and CEO of Tesla and SpaceX Elon Musk. Musk is famous for his social media presence, which often causes some sort of controversy. Mark Cuban, another famous billionaire investor has also recently tweeted about the digital …
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5 February 2021 2:01 am
Yellen Discusses Recent Trading Frenzy in Wall Street
The United States Secretary of the Treasury, Janet Yellen, is discussing with market leaders the recent fluctuations in the stock market due to speculation trading. Yellen is holding a meeting with the heads of the Securities and Exchange Commission (SEC), Federal Reserve Board, Federal Reserve Bank of New York, and …
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