Investors brace for a roller-coaster week ahead with Fed decision and Apple, Alphabet earnings
Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters Federal Reserve Chairman Jerome Powell is expected to emphasize the Fed...
Forward Guidance: Canada GDP Growth Tracking Soft Q1, But as Soft as BoC Expects?
Canada’s February GDP report will help set the near-term growth narrative following the Bank of Canada’s well-telegraphed shift to a neutral policy bias in the April 24th policy announcement and Monetary Policy Report. We agree that recent growth/inflation trends make...
Deutsche Bank has no plan B
Christian Sewing, CEO of Deutsche Bank The day after ending merger talks with Commerzbank, Christian Sewing, chief executive of Deutsche Bank, put on his bravest face to announce a 9% decline in revenues during the first quarter of 2019 compared with...
Euro Bears Frustrated by Mixed US Data but More Evidence Needed to Signal Reversal
The EURUSD stayed at familiar levels following choppy reaction on today’s key event, release of US Q1 GDP data. Surprise acceleration of US growth in the first three months in 2019 (3.2% vs 2.2 prev and 2.0% f/c) was positive...
US: GDP Growth Not Quite as Strong in Q1 as Headline Suggests
Inventories and net exports made sizeable contributions to overall GDP growth in Q1. With price pressures muted, the Fed probably won’t be raising rates anytime soon, stronger-than-expected growth notwithstanding. Some Temporary Factors Lift Overall GDP Growth U.S. real GDP grew...
Dollar whipsaws following strong US Q1 GDP
GDP – Headline beat does not tell whole story XI – Confirms trade deal is nearing Oil – Short-term top in place Gold- Sinks following solid GDP reading GDP 3.2%! The US economy grew at 3.2%, much higher than 2.3%...
US GDP Recap: Traders See Through Stellar 3.2% Headline Growth to Questionable Details
Throughout this week, we’ve been highlighting today’s Q1 US GDP report as a potential market-mover for everything from GBP/USD to the S&P 500 and beyond. Late last week, we highlighted the potential for a stronger-than-anticipated GDP reading, and the initial...
US: Temporary Factors Boost First Quarter Growth to 3.2%
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
US GDP Jumped 3.2% in Q1
US GDP increased a stronger-than-expected 3.2% in Q1 – above expectations for a 2% increase More than half the increase was accounted for by big adds from net trade and inventories that aren’t likely to be repeated, but consumer spending...
Strong US GDP With Weak Details Send Dollar Lower, 10-Yr Yield Breaks 2.5
Dollar spikes higher in early US session as Q1 GDP grew much more than market expectations. However, the greenback quickly pulled back as details are seen as much weaker than the headline number suggests. It’s actually a set of data...