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USD:

Buy:

1.3373

/

Sell:

1.3712

-0.02%


0.13%


EUR:

Buy:

1.4522

/

Sell:

1.4964

-0.03%


-0.12%


GBP:

Buy:

1.6867

/

Sell:

1.7425

0%


0.05%


JPY:

Buy:

0.00882417

/

Sell:

0.0093179

-0.06%


-0.05%


Market Watch

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

February 27th 2024

3 min to read


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

February 25th 2024

1 min to read


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

February 17th 2024

1 min to read


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

February 7th 2024

1 min to read


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,

January 31st 2024

1 min to read


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

January 22nd 2024

1 min to read


Market Direction Remains Uncertain

Market Direction Remains Uncertain As we step into the second week of 2024, stock markets continue to meander within a range, lacking a definitive trajectory for the year ahead. The S&P 500 and Nasdaq have experienced marginal declines of 0.34% and 1.29% year-to-date, respectively, while Canada's benchmark exhibits a slight positivity, courtesy of the energy sector. Current market sentiment suggests a speculation that significant US rate cuts may commence as early as March. However, according to Federal Reserve projections, the first rate cut is anticipated in June. Given the robust US economy, there is a possibility that this timeline could be further delayed. Recent economic experiences underscore the notion that events unfold more gradually than initially presumed. Even the presumed alleviation of concerns surrounding inflation may prove to be a more extended process, potentially deferring interest rate cuts. Moreover, there persists a prevailing belief that elevated inflation and interest rates might become the new normal in the foreseeable future. Factors such as heightened energy prices, a shifting role for China in the global economy, and the ongoing green transition contribute to the potential for sustained inflation. Investors appear to favor the US over other economies, including Canada. Following a lackluster performance of Canadian equity markets compared to the US in 2023, expectations loom for both stock markets and currencies to underperform in 2024.

January 11th 2024

1 min to read


FX Forecast January 2024 – US Dollar Dominance Persists

USDCAD Q1 2024 Median: 1.35 High: 1.40 Low: 1.29 Forward: 1.34 December 2023 proved to be a favorable month for US stocks but less so for the US dollar. On December 13, the Federal Open Market Committee maintained the US interest rates at 5.5%, a wid

January 11th 2024

2 min to read


Wall Street started the year on a negative note

The recent stock market rally reversed on the first trading day of 2024. Despite this setback, analysts remain optimistic, anticipating new highs for the stock markets throughout the year. Currently, the S&P 500 and Nasdaq are still showing gains of

January 3rd 2024

1 min to read


Eighth Week of Stock Gains

The US stock market is poised for its eighth consecutive week of gains as the latest US inflation reading reinforced expectations of a substantial rate cut early in 2024. Treasuries are also on track for a week of gains. The S&P 500 has surged by 18.

December 24th 2023

1 min to read


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