Kiwi Lower as Lockdown Extends, Dollar Mixed Awaiting Jackson Hole
Canadian and Australian Dollar trade generally higher today, following mild strength in Asian stocks. But New Zealand Dollar diverges from them as the country extends lockdown of Auckland until Sunday night. Following Kiwi, Swiss Franc and Yen are the next...
Market Morning Briefing: Pound Has Not Been Able To Break Above 1.3265
STOCKS Dow is inching higher and may attempt to breach 28000. It will have to be seen if it can rise past 28300 which is much needed to become bullish to see further rise. DAX has dipped below 12800 as...
Tropical Storm Marco becomes a hurricane and heads toward U.S. Gulf Coast
An employee of the Emergency Operations Center (EOC) monitors tropical storm Laura in Santo Domingo, on August 22, 2020. Erika Santelices | AFP | Getty Images Marco strengthened into a hurricane over the Gulf of Mexico on Sunday on its...
What GIC’s annual results tell us about sovereign wealth under Covid-19
Today (Tuesday July 28) the Government of Singapore Investment Corporation (GIC), one of the biggest and most sophisticated sovereign wealth vehicles in the world, announced its full-year return to March 31 ,2020. Chief executive Lim Chow Kiat has been saying...
California battles more than 500 fires with no end in sight as emergency response stretched thin
A firefighter rubs his head while watching the LNU Lightning Complex fires spread through the Berryessa Estates neighborhood of unincorporated Napa County, Calif., on Friday, Aug. 21, 2020. Noah Berger | AP Photo Some of California’s largest wildfires in state...
Euro Tumbled as Optimistic Investors Reassess Outlook, Turning Around?
Euro ended as the worst performing one last week as investors could have started to reassess the economic outlook. As ECB meeting accounts pointed out, recent positive market developments were “not fully backed by economic data”. Indeed, they might be...
Weekly Economic and Financial Commentary: Claims Rise Amid Slipping Momentum in Rebound
U.S. Review Bringing Down the Hammer Despite indications of lost momentum elsewhere, residential construction activity is picking up steam. A key survey shows confidence among homebuilders in August tied an all-time high set in 1998 and housing starts figures released...
The Weekly Bottom Line: Housing Market Rebound Continues
U.S. Highlights The housing market continues to exceed expectations. Existing home sales and starts rose by 24.7% m/m and 22.6%, respectfully in July. Existing home sales are now 8% above January levels while starts are 7% below the pre-pandemic peak....
Forward Guidance: New Canadian Income Supports Will Help But Downside Risks Remain
There is little doubt that the Canadian GDP report next week will show a gut-churning decline in activity in Q2, but the initial rebound has also been eye-catching. And early indicators for the US economy in Q3 have also looked...
Week Ahead: All Eyes on Jackson Hole Symposium
The FOMC minutes showed that the committee seemed to be inclined to keep stimulus “lower for longer”. However, market participants were surprised that the committee was less inclined to use new measures, such as yield curve control, as many were...
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