The Weekly Bottom Line: Something To Be Thankful For
U.S. Highlights A quiet, holiday-shortened week featured data that painted a picture of an economy that has slowed, but not stalled. Revisions to Q2 GDP did little to change the picture of the economy. Durable goods orders were a bright...
BoC’s 2019 Holdout Will be Cemented Next Week
Markets will continue to weigh the odds of a “phase one” US-China trade deal next week, with optimism earlier this week (fuelled by yet more reports of progress in trade talks) fading after President Trump signed the Hong Kong human...
Market Awaits China Retaliation on Trade
Trade hopes were boosted by comments from the US and China earlier in the week, only to be stamped out after the signing of an American law that supports Hong Kong autonomy was criticized by China bowing retaliation. The prolonged...
Apple’s ‘big story’ this holiday season is its credit card, analyst says
The “big story” for Apple this holiday shopping season won’t be what products consumers buy but how they pay for it, according to D.A. Davidson & Co. analyst Tom Forte. “AirPods Pro [is] a good product, but I think the...
Australian Q3 GDP, A Preview
Growth lopsided – private demand weakness Real GDP: f/c 0.6%qtr, 1.8%yr Domestic demand: f/c 0.2%qtr, 0.8%yr The Australian National Accounts, to be released on Wednesday December 4, will provide an estimate of economic activity for the September quarter, including any...
Week Ahead – US Jobs Report Could Further Bolster Dollar; RBA and BoC Meetings Eyed
Central bank meetings and the US jobs report will kick off the final month of 2019 next week, energising the markets as many traders return from the Thanksgiving break in the United States. The nonfarm payrolls report will of course...
Eurex joins the cross-currency swap clearing party
Eurex Clearing recently cleared its long-awaited first cross-currency swap transaction. The company only offers interdealer clearing of EUR/USD and GBP/USD cross-currency swaps, although it says it plans to introduce client clearing next year. Cross-currency swap clearing is not a new...
European Majors Lower ahead of Month End, USD/CHF Breaks Parity
European majors are trading generally lower today, in quiet markets just ahead of monthly close. On the other hand, Dollar is among the strongest together with Aussie and Kiwi. Despite steep selloff in Asian stocks, European markets recover after initial...
Stocks making the biggest moves premarket: Tech Data, Amazon, Walmart, Facebook, VF Corp & more
Check out the companies making headlines before the bell: Tech Data (TECD) – The technology distributor agreed to be bought by private-equity firm Apollo Global (APO) in a sweetened offer worth $5.14 billion excluding debt, or $145 per share. Tech...
Investors Expect Counter Measures From China
The US dollar is being traded without significant changes against a basket of currencies. Yesterday, the dollar index (#DX) closed in the green zone (+0.01%). Relations between China and the US are still in the spotlight after D. Trump signed...
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