Market Watch: The Week Ahead

By The National Bank of CanadaMarket OverviewApr 29, 2013 11:25AM ET

www.investing.com/analysis/market-watch:-the-week-ahead-164932

Market Watch: The Week Ahead

By The National Bank of Canada | Apr 29, 2013 11:25AM ET

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USD/CAD

+0.07%

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OPIN

+0.00%

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NOTE

+0.54%

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DRP

0.00%

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Last week wrapped up on a down note south of the border, as first quarter GDP came in at 2.5%, well below analysts' expectations of 3.0%. It should be noted that Personal Consumption Expenditures and Spending are improving, particularly for services, which racked up their biggest gain in seven years.
We are beginning a very busy week for economic indicator releases: ISM surveys and U.S. Jobs figures, as well as the Canadian GDP, will generate interest but first, eyes will be turned to the Fed and the European Central Bank. Investors will be on tenterhooks on Thursday morning after hints that the ECB may lower its key rate this week.
The euro should be in for a wild ride this week after the appointment of a new PM in Italy, and uncertainty remains omnipresent (a probability of a drop of 70%) regarding what actions the ECB will take. For the USD/CAD pairing, buyers are once again seeing relatively attractive levels and would be well advised to take advantage of them. A flagging economy in several countries should halt the loonie's rise. For sellers, the low level of volatility allows them to safeguard their positions at very reasonable prices while retaining the option to take advantage of a potential rise in the greenback.Benoit Marcoux
Range of the day: 1.0100-1.0180
Range of the next 5 days: 1.0000-1.0260

Data Watch

FX And Market Data

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.65%

Apr 17, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	42,768.5	+189.7	+0.45%
US 500	5,764.8	+26.3	+0.46%
Dow Jones	42,801.72	+222.64	+0.52%
S&P 500	5,770.20	+31.68	+0.55%
Nasdaq	18,196.22	+126.97	+0.70%
S&P 500 VIX	23.37	-1.50	-6.03%
Dollar Index	103.810	-0.220	-0.21%

Crude Oil WTI	67.04	+0.68	+1.02%
Brent Oil	70.36	+0.90	+1.30%
Natural Gas	4.399	+0.097	+2.32%
Gold	2,914.10	-12.50	-0.43%
Silver	32.809	-0.529	-1.59%
Copper	4.7100	-0.0975	-2.08%
US Soybeans	1,025.00	-2.25	-0.22%

U.S. 10Y	4.304	+0.025	+0.70%
U.S. 30Y	4.601	+0.022	+0.44%
U.S. 5Y	4.083	+0.025	+0.74%
U.S. 3M	4.303	+0.002	+0.00%
US 10Y T-Note	110.55	-0.23	-0.21%
Euro Bund	127.66	-0.81	-0.63%
10-2 Yield Spread	31.32	+4.15	+15.27%

Apple	239.07	+3.74	+1.59%
NVIDIA	112.69	+2.12	+1.92%
Alphabet A	173.86	+1.51	+0.88%
Tesla	262.67	-0.78	-0.30%
Amazon.com	199.25	-1.45	-0.72%
Netflix	891.11	-15.25	-1.68%
Meta Platforms	625.66	-2.27	-0.36%

Market Watch: The Week Ahead

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