ECB Preview: Time to Reveal the Scope
The ECB meeting next week is set to focus on the strategic review and not on new policy messages. Media reported that ECB governing council members received documents concerning the strategic review, which will officially be launched next week. We...
Weekly Economic and Financial Commentary: A Pretty Good Start to the Year
U.S. Review 2020 Is Off to a Good Start Most of this week’s economic reports showed the economy ended 2019 with strong momentum, while the Senate passage of the USMCA and the signing of Phase I of the China trade...
The Weekly Bottom Line: Canada – Trade Deals Abroad, Decent Data At Home
U.S. Highlights Data releases over the week reinforce the main themes in the U.S. economy: solid consumption, housing market recovery, faltering business investment and soft inflation. The phase one trade deal was formally signed, committing China to increase its imports...
Forward Guidance: Trade Deals Just One Factor in BoC’s Outlook
The Bank of Canada held interest rates steady throughout 2019 and is widely expected to do so again at its first meeting in 2020. While a run of soft economic data toward the end of last year suggests a rate...
As stocks hit more and more records, there are signs traders may be getting way too euphoric
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 15, 2020. Brendan McDermid | Reuters Wall Street may be getting a bit too excited about the stock market’s hot start to the...
US housing starts soar 16.9% in December to a 13-year high
U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record. Housing starts...
Week ahead – ECB, BoJ, and BoC Meet Before Crucial European and UK PMIs
It’s going to be an action-packed week, with three major central bank meetings and a storm of economic data likely to keep traders glued to their screens. The European Central Bank is unlikely to signal anything radical, so the euro...
USD/CHF Outlook: Swiss Deflated by Risk Mode; Reversal Pattern Forming on Daily Chart
The pair advances strongly on Friday after US-China trade deal provided relief and boosted appetite for riskier assets. Reversal pattern is forming on daily chart after Thursday’s action was strongly rejected at the downside and Friday’s rally is about to...
Dollar Rises Broadly, But Upside Capped by Mixed Data
Dollar strengthens broadly today but upside is somewhat limited by mixed US economic data. Canadian Dollar is following as the second strongest as oil prices recover mildly. On the other hand, both Swiss Franc and Euro are paring some of...
Manufacturers to spend $26.2 billion on ‘upskilling’ in 2020 to attract and keep workers
A worker fits wheel hub badges on the Ford Focus automobile assembly line inside the Ford Motor Co. factory in Saarlouis, Germany, on Wednesday, Sept. 25, 2019. Ford expects hybrid electric vehicles and battery electric vehicles (BEVs) to make up...
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