When will the $300 unemployment benefit start? Officials don’t know
John Moore | Getty Images News | Getty Images More than 20 million Americans are eagerly anticipating a $300 boost to their weekly unemployment benefits. The sum would nearly double weekly aid for the average worker and help lift...
November new home sales fall more than expected, builder stocks drop
A ‘Open House’ sign stands outside a new home for sale in the D.R. Horton Cambridge at Southbury development in Oswego, Illinois. Daniel Acker | Bloomberg | Getty Images Sales of newly built homes came in far weaker than expected...
FX Year Ahead 2021: Too Much Dollar Pessimism?
It has been year of absolute chaos, but hopefully 2021 will be much calmer as the global economy heals its wounds. The overwhelming consensus in the FX arena is for the US dollar to sink further as the reflation trade...
GBPJPY Soars Within the Confines of a Sideways Market
GBPJPY aggressively stepped back above the simple moving averages (SMAs) and the mid-Bollinger band today, taking out the nearby highs of 139.50 and 139.77 before tackling the upper Bollinger band at 139.91. The steady incline in the 200-period SMA promotes...
Canada: GDP Growth Slows in October
TD Bank Financial Grouphttp://www.td.com/economics/ 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...
Sterling Rises as Brexit Deal Said to be Pretty Much There
Sterling rises broadly in early US session on rumor that Brexit trade deal is “pretty much there”. But just like recent price actions, upside of the Pound is capped so far, waiting for confirmation. Dollar turns softer after a mixed...
Weekly jobless claims rise less than expected, but hold above 800,000
Jobless claims rose less than expected last week as employers weighed a wintertime spike in Covid-19 cases against expected relief from a pending $900 billion stimulus package, the Labor Department reported Wednesday. The number of first-time unemployment-benefits filers decelerated to...
Canadian GDP Continued to Grow Despite Second Virus Wave
October GDP rose 0.4%, advance estimate for November surprisingly resilient at also +0.4% Weakness relative to pre-shock levels increasingly concentrated in hospitality and travel sectors Vaccines still likely to ease COVID threat in 2021, near-term outlook closely tied to virus...
Canada GDP Expected to Slow
The Canadian dollar has posted gains on Wednesday, with the North American markets yet to open. Currently, USD/CAD is trading at 1.2868, down 0.31% on the day. Trump threatens veto of stimulus package The financial markets can be forgiven for...
Trump Stimulus Shocker, France Reopens Border, Dollar Drops
Trump veto threatens to derail stimulus package The unpredictability of President Trump provided a shock overnight that sent risky assets tumbling as Congress’s hard-fought battle for a fiscal relief deal seemed in jeopardy. Trump is making a push for USD2,000...