Monday price action saw US equities continue to extend their run, and all of this during a thinner Monday holiday session in the US. On the currency side, things have been tamer, and it’s been more about consolidation than anything else. read report
Next 24 hours: Will the feel good in markets keep going this week?
The holidays in North America will make this Monday a lighter day of trade, with proper conditions not expected to return until tomorrow. Risk markets have been very well in demand, with investors feeling better about the US election and progress towards the next round of stimulus out of the US. read report
We’re about to close out a week dominated by headlines around US fiscal stimulus. After a stumble earlier in the week on President Trump’s announcement that there would be no stimulus until after the election, things have turned back up and then some. read report
Next 24 hours: Lots of uncertainty, very little worry
Investor sentiment continues to hold up well into Thursday after easily shrugging off the setback from earlier in the week. We didn’t get much from the Fed Minutes, though the market seems to like the fact that the Fed is prepared to do more if the response on the fiscal side proves to be lacking. read report
Special report: Breaking down the Fed Minutes
The big news into Wednesday is President Trump’s decision to hold off on additional stimulus until after the US election. The President had said Nancy Pelosi wasn’t negotiating in good faith and the market responded accordingly, with stocks selling off and the US Dollar back on the bid. read report
Next 24 hours: What will the central bankers say?
Monday was a good day in financial markets. There was optimism around President Trump’s recovery, prospects for that next round of US stimulus, and economic data that exceeded expectation around the globe. But into Tuesday, we’ve seen a little chipping away at that shine. read report