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AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

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Late Equity Roundup: 2W Highs

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Goldman Sachs raise their 2021 US GDP growth estimate:
  • With Democratic control over Congress and the White House, GS further increase their forecasts for a U.S. growth and now expect +6.4% this year (vs. a prior forecast of 5.9% and consensus forecast of only 3.9%).
  • Growth should be boosted by the passage of an estimated $750 billion fiscal stimulus package in February or March. The positive growth effects of this stimulus will be more lagged than usual, as new virus strains and slow progress on vaccination weigh on the economy—but consumer spending should rebound strongly in the second and third quarters to push growth higher in the back half of the year.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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