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Can Gold’s Uptrend Survive Friday’s PCE Data?

Gold prices slipped over 0.7% on Wednesday as the U.S. dollar rebounded, setting the stage for a pivotal close to the month with key inflation data on the horizon. Markets are bracing for the upcoming Personal Consumption Expenditures (PCE) Price...

Stock Surge Leaving Bitcoin Behind?

The longstanding correlation between the Nasdaq and Bitcoin took a hit today as the two markets diverged, signaling potential shifts in investor sentiment. This breakdown could be a precursor to broader market volatility, particularly as Nvidia prepares to release its...

Red Monday: Emergency rate cut needed?

US equities just experienced their worst day since 2022, with the S&P 500 dropping 3.0%, the Nasdaq falling 3.4%, and the Dow Jones Industrial Average plummeting by 1033 points. All sectors in the US saw declines, with mega-cap tech stocks...

More market events to watch this week

The US Federal Reserve is set to announce its interest rate decision on July 31, with expectations pointing towards a hold. Wall Street Journal Fedwatcher Nick Timiraos suggests that the Fed may lay the groundwork for a potential rate cut...

Earnings season kicks off: Key reports to watch

Earnings season kicks into high gear as Novartis, Goldman Sachs, BlackRock, UnitedHealth, Bank of America, Morgan Stanley, Charles Schwab, Progressive, Johnson & Johnson, Netflix, Abbott, Blackstone, Reliance, and American Express, prepare to report their financial results....

Key Canadian trading events this week

On Friday, alongside the US PCE data release, Canada will publish its Q1 GDP growth figures. Earlier in the week, Canada will also release its producer prices data. Note that US markets will be closed on Monday for Memorial Day....

OpenAI’s search engine: Implications beyond GOOG stock

OpenAI has denied rumors claiming it's set to reveal an AI-powered search engine for its flagship chatbot, ChatGPT, on Monday. Although there is speculation that OpenAI is being a bit of a wise guy, and the product it will demo...

USD & tech stocks: High-stakes week ahead?

Upcoming key economic indicators could reinforce the strength of the US dollar and the weakness in stocks over the coming week. Thursday's release of first-quarter gross domestic product and Friday's unveiling of the March core PCE deflator, the Federal Reserve's...

Gold & oil volatility grows amid Middle East escalation

Financial markets are bracing for the uncertainty surrounding Iran's recent strike on Israel and the potential for retaliatory measures....
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