Dollar, gold, and oil surge as uncertainty grips the markets.

Stock market rally enters in the fifth month

FX Forecast for March 2024: Rate cuts may be further delayed as inflation persists

Canada's inflation unexpectedly dropped.

Global equities are having a strong performance year-to-date, buoyed by acceptable economic growth and the prospect of lower interest rates in 2024 as inflation continues to decline worldwide. The US S&P 500 has surged by 9.74%, Canada's S&P/TSX Composite has gained 4.89%, and the Euro Stoxx 50 has climbed over 11% thus far in 2024. The boom in artificial intelligence has propelled equity markets to new highs, supported by inflation data indicating a general slowdown in price levels across most advanced economies. Despite US inflation slightly exceeding expectations at 3.2%, markets still anticipate three 0.25% rate cuts in 2024, as reaffirmed by the US Central Bank. Any uptick in inflation could further delay these rate cuts, which have already been postponed over the past two years. In Canada, inflation was reported at 2.8% year-over-year, surprising markets and fueling expectations that the Bank of Canada will initiate rate cuts sooner than the US. A major concern is the potential for rate cuts to drive up house prices in Canada, but the Governor of the Bank of Canada has emphasized that house prices are not their primary concern, and rate cuts will proceed as scheduled. Currently, in Canada, if mortgage costs are excluded from inflation calculations, the overall inflation rate would fall even lower than the Central Bank's 2% target.

FX forecast February 2024 - US dollar remains strong so as the US economy

USDCAD Q1 2024 Median: 1.35 High: 1.37 Low: 1.32 Forward: 1.35 The US dollar and equity market The first two months of 2024 have further affirmed that the US will not enter the anticipated economic recession, with additional economic data such as une

Tech companies are delivering on earnings.

North American stock markets fell on Tuesday as the fourth-quarter earnings season comes to an end, with Nvidia as the last giant name remaining to report, potentially pushing markets higher or disappointing on the AI hype. The S&P 500 and Nasdaq are

No Interest Rate Cuts Coming Soon

US stock markets continue to march higher, even after the latest inflation print showed that the path to reaching the inflation target could take longer than investors and officials had hoped for. The US S&P 500 and Nasdaq are up 5.41% and 5.92% in 2

Magnificent Seven Stocks March Higher

US stock markets extended their rally, gaining solid ground as the latest earnings reports from industry giants, including Amazon and Meta (Facebook), exceeded expectations. This positive turn catapulted these stocks to new heights. Year-to-date, the

S&P 500 tops 4900

The last week of January began with gains in both stocks and treasuries, with the S&P 500, a key benchmark for US stocks, surpassing the significant threshold of 4900. In 2024, the S&P 500 and Nasdaq have seen increases of 3.3% and 4%, respectively,

New Records for the US Stocks

The US stock market has reached a two-year high as equities see another round of gains, with the S&P 500 index, serving as the broad benchmark, surpassing 4,800 for the first time in two years. The S&P 500 is maintaining its December rally, registeri