Delaying an election is incredibly difficult, but here’s what experts say could happen to the economy if the 2020 election were postponed
Tensions over the validity of a mail-in election are growing. “This is the greatest scam in the history of politics,” President Donald Trump declared in one of his appearances at this week’s Republican National Convention. “They’re going to mail out...
US GDP: Still the Biggest Economic Decline in Official Records in Q2
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...
Jared Kushner praises Powell, says Fed chief ‘stepped up to the plate’ during coronavirus crisis
White House senior advisor Jared Kushner on Thursday praised Federal Reserve Chairman Jerome Powell for his leadership of the central bank’s response to the coronavirus pandemic. “Look, you really see what people are made of in times of crisis and I...
Dollar Tumbles as Fed Adopts Average Inflation Targeting to Allow Inflation Overshoot
Dollar appears to have finally taken a side, the downside, with Fed chair Jerome Powell’s Jackson Hole speech. In short, Fed is now adopting a “flexible form of average inflation targeting”, to achieve inflation that “averages 2 percent over time”....
US Futures Consolidate before Powell Speech – Watch NTAP, DG
The S&P 500 Futures are consolidating after they closed higher yesterday. The Nasdaq 100 jumped 250 points (+2.1%) and the S&P 500 rose 35 points (+1.0%), both up for a fifth straight session. Later today, U.S. Federal Reserve Chairman Jerome Powell...
Gold Price Might Be Dropping From The Megaphone Top
Gold is currently in an intraweek downtrend. We still might expect selling the rallies and bearish continuation moves. On the H1 chart, we can spot huge bearish Head and Shoulders pattern which is looming above the price. 1966-70 zone is...
Dollar Softer in Mixed Markets, No Decisive Selling Yet
Markets continue to be rather mixed as investors are awaiting Fed Chair Jerome Powell’s speech at the Jackson Hole symposium. S&P 500 and NASDAQ surged strongly overnight to new record highs. But Asian markets are mixed, with weakness seen in...
Stocks making the biggest moves after hours: NetApp, Williams-Sonoma, Box & more
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: NetApp — NetApp shares rose more than 10% in after-hours trading after the data-storage company reported unexpected earnings and sales growth. NetApp reported adjusted earnings of 73...
In Fed We Trust, Oil Breakout, Gold Bulls Defend $1900
Risk appetite remained strong after durable goods data and excitement that Fed Chair Powell reaffirm the whatever it takes attitude to supporting the economy later this week at Jackson Hole. Everyone waiting for softer US economic was disappointed after the...
GBP/USD Outlook: Recovery Extension Brings New 2020 High in Focus Again
Cable extends recovery on Wednesday’s early US session trading after dollar accelerated lower and erased all gains from better than expected US durable goods data. The pair advanced 0.67% on Tuesday and confirmed reversal signal on Monday’s inverted hammer. Fresh...
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