Technical Outlook and Review

Gold prices surged to 2,570 USD per troy ounce on Friday. New record highs became possible amid the weakening position of the US dollar and declining yields on US government bonds. Gold prices began to rise after the release of another package of US macroeconomic statistics. The weekly initial jobless claims increased compared to the […]

There was no major news on the wire to trigger the minor selloff in global equities, so it was nothing else than a correction after a long rally following an ugly meltdown. As such, the S&P500 and Nasdaq were slightly down, by around 0.20% each, the European Stoxx 600 retreated 0.47%, while the Nikkei gave […]

The Canadian labour market report will be watched closely next Friday for further signs of deterioration in the country’s economic backdrop. We look for an increase of 15,000 workers after a small 2,000 drop in employment in March. But the unemployment rate will hold steady at 6.1%—its highest level since January 2022 and up from […]