BOC Preview – Staying Cautious about the Uneven Recovery
BOC will likely leave the policy rate unchanged at 0.25% next week’s meeting. After surprising unwinding of some operations last week, the rest of easing measures put in place since March should remain unchanged. Inter-meeting data flow shows that economic...
China Economic Update and Outlook
Executive Summary China continues to lead the world in the containment of COVID as new confirmed cases are minimal. This apparent success can likely be attributed to early lockdown protocols, significant testing and other healthcare procedures designed to mitigate the...
Weekly Economic and Financial Commentary: The Recovery Will Likely Prove Resilient
U.S. Review All Things Housing Appear to Be On a Roll A recent strong report from the National Association of Homebuilders set the tone for another round of strong housing data. The NAHB index rose two points to a record...
The Weekly Bottom Line: Housing Market Remains A Bright Spot
U.S. Highlights Covid-19 infections continued to rise this week, nearing record highs set in July. Concerns regarding this trend weighed on markets, but progress on a new stimulus package helped improve the mood later in the week. Positive housing reports...
Forward Guidance: Canada’s Economic Recovery Slowing ahead of COVID Resurgence
Expect next week’s GDP data to confirm that the uneven Canadian recovery continued in August. Our forecast suggests the economy grew by 0.7% (roughly in line with Statistics Canada’s 1% preliminary estimate), a slowdown from July’s 3.0% increase and June’s...
It’s a scary time financially. How to avoid panic
Anxiety around money is spiking in the pandemic. mapodile | E+ | Getty Images Amanda Collins describes the experience of being out of work for seven months in one word: “Maddening.” She was furloughed in March from her job in...
Stocks making the biggest moves midday: Virgin Galactic, Intel, Snap & more
Check out the companies making headlines in midday trading. Virgin Galactic — Shares of the space tourism stock slipped more than 5% after Goldman initiated coverage on the company with a neutral rating. The firm is the only one on...
Week Ahead – ECB, BoC, and BoJ Serve as Appetizers for US Election
With less than two weeks to go until the US election, markets are on red alert as opinion polls in key battleground states have tightened. In the meantime, there are three central bank meetings and a ton of data to...
Ready for a Breakout? EUR/AUD
Next week the ECB meets, and economists feel they will likely keep stimulus “unchanged” while they wait for staff projections at the December meeting. Meanwhile, the RBA recently suggested that they are ready to buy longer term bonds and provide...
GBP/USD Outlook: Deeper Pullback Likely to Precede Fresh Attack at Key Fibo Barrier
Cable edged higher on Friday on fresh optimism over Brexit, pausing after Thursday’s 0.5% drop, but near-term risk remains for deeper correction before bulls regain control. Wednesday’s massive advance stalled at key Fibo barrier at 1.3173 and profit-taking pushed the...
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