Daily Market Commentary

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Friday March 26th, 2021

Equity, oil, US yields and the US$ index all tick higher on better market mood and upbeat data. Positive data and an optimistic outlook from the US Presidents comments Thursday increased market sentiment. At his first news conference since taking office President Biden said he will run for re-electi...
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Thursday March 25th, 2021

Equity markets mixed, oil prices lower, US yields and US$ inchs higher ahead of US GDP and Initial jobless claims. Markets are looking for US data to turn positive after Wednesdays disappointing US Durable Goods Orders. GDP annualized(Q4) is expected to confirm 4.1% growth rate and jobless claims an...
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Wednesday March 24th, 2021

Equity markets are down, oil prices higher, US yields are lower and US$ holds flat ahead of Fed Chair Powell & Treasury Secretary 2nd day of testimony. Yesterday the Fed chair said inflation may rise but is unlikely to become persistent. Treasury Secretary Yellen said in her testimony on Tuesda...
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Tuesday March 23rd, 2021

Equity and oil markets are down, US yields ease while US$ rally ahead of Powell & Yellen testimony. Fed Chair Powell and Treasury Secretary Yellen are due to make their first joint appearance in front of the US House committee on Financials services, likely focusing on inflation and deficits. In...
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Monday March 22nd, 2021

Equity markets are mixed, oil prices steady, US$ and US yields are flat ahead of Fed’s Chairs comments at 9am est. The focus will remain on the Fed today starting with the Fed’s Chair Powell, then followed by Fed’s Daly, Quarles and Bowman will also be speaking throughout the day.  This morn...
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Friday March 19th, 2021

Equity markets are mixed, oil prices higher, US yields ease and the US$ index is flat vs a basket of major currencies. Markets start the day a little calmer after Thursday’s volatility after investors reacted to the Fed’s comments allowing markets to run hot until job markets recover. US yields ...
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Thursday March 18th, 2021

Equity markets mixed, US yields & US$ higher and oil prices are lower as markets regroup after the Fed comments volatility. Markets reverse their reaction to the Fed’s dovish comments which has seen US yields rise to +1.7% and US$ index strengthen. The Fed reiterated it wants to see inflation ...
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Wednesday March 17th, 2021

Equity markets mixed, oil prices down, US yields higher and the US$ is flat ahead of the FOMC. The Fed is expected to upgrade its forecast for US economic growth which will likely intensify the debate over the central bank’s loose monetary policy. The Fed chair appears content with the increase in...
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Tuesday March 16th, 2021

Equity markets up, US treasuries and US$ hold steady, while oil prices dip as markets await the FOMC meeting. The Fed decision on Wednesday will be watched closely for hints of raising rates earlier than expected. The Fed is expected to walk a fine line between acknowledging the improving economy wi...
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Monday March 15th, 2021

Equity & oil markets strengthen, currency markets are mixed and US yields dip in early trading. US President Biden will be speaking today on the US stimulus plan, he will continue to warn about ongoing COVID issues and likely to discuss the next steps to boost the economy.  The focus will like...
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