Canada serves up an early-bird special
FX Trader, Loonieviews.net
Summary: USDCAD is in focus on the rocket-fuelled rally that followed StatsCan's early release of its latest GDP print.
The early bird gets the worm and today, it got the GDP scoop as well. Q4 GDP rose 0.4%, quarter-over-quarter, well below the 1.2% forecast and sharply lower than the 2.0%, q/q seen in November. Statistics Canada blamed lower oil prices and a 2.7% drop in investment spending for the weakness.
Today's Q4 GDP was expected to be weak, but this print ensures that the Bank of Canada will leave monetary unchanged at its March 6 meeting.
Wall Street is trading in positive territory, erasing all of yesterday’s losses. Prices were bolstered by the modestly positive risk-on sentiment seen in Asia and Europe.
“Get your motor runnin’, head out on the highway..." That’s what Elon Musk wants you to do, and he wants you to do it in a Tesla. And to make it more appealing, Tesla announced that the $35,000 Model 3 is available to purchase online, immediately. Tesla also said that prices of its other vehicles will drop about 6%. TSLA shareholders were not impressed and prices dropped 5.75% in early New York trading.
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.
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