Last week Dell’s shares surged nearly 13% higher on May 27 as the company reported very strong demand for business PC’s and networking services. Sales climbed 16% to $26.1 billion in Q1 vs an expectation of $25 billion. The strong…
The last FOMC minutes signal that the Fed will not stop hiking interest rates until inflation is firmly on the path to 2%. The Fed officials agree that they will need to raise interest rates by 50 bps at their…
The ECB has seen a series of hawkish comments from ECB board members over the last couple of weeks. It seems that Christine Lagarde now has the memo as on Monday this week she outlined that the ECB will be…
The Canadian dollar has been benefitting from the surge higher in commodities, especially oil. Lack of investment in oil longer term, shrewd management during lockdowns of oil production levels from OPEC+, and supply shocks from Russia’s move into Ukraine has…
When Netflix announced its earnings in April it sent shares plummeting lower. Netflix announced a drop in subscribers for the first time in a decade. Furthermore, they also reported that they were expecting a further fall of 2 million subscribers…
The USD has a period of seasonal weakness around the start of June. Over the last 10 years it has fallen 7 times between May 31 and June 10. The average fall has been -0.93% and the maximum fall has…
The USDJPY pair shows seasonal weakness between now and August with an average fall of -1.36%. The USD has found significant buying since the start of the year due to expectations that the Fed will rapidly hike interest rates in…
The Federal Reserve are on a rate hiking cycle and the increase in interest rates can help financial companies that charge interest rates on loans. The higher interest rate charges can result in higher profit margins for the companies on…
