Week Ahead – Fed Meeting, Barrage of Data, and Tech Earnings
With President Biden now in office, markets will be on alert for any remarks from US Senators about whether they’d support the massive stimulus bill he proposed. A tough negotiating battle could see the final proposal being watered down. The...
ECB On Hold And Hoping To Stay There
As expected, no policy change delivered or signalled. ECB emphasises mixed signs in current oulook. Obstacles to early policy changes look immense. Preserving ‘favourable financing conditions’ the key current focus for ECB. But guidance lacking on what ‘favourable conditions’ might...
US: Housing Starts End the Year on Strong Footing
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...
Stocks, Pound Extend Gains And EUR/USD Steady As ECB Eyed
The EUR/USD was steady while the GBP/USD hit a new multi-year high on Thursday morning, as the US dollar fell further with more global indices hitting new record highs with investors remaining hopeful that lockdowns will end hopefully in the...
Pound Hits 32-Month High
The British pound has posted slight gains in the Tuesday session. Currently, GBP/USD is trading at 1.3619, up 0.25% on the day. Pound breaks 1.37 level The British pound has posted modest gains this week, but the currency did reach...
Canadian Inflation Edges Lower in December to Just 0.7%
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...
Canada’s Manufacturing Sector Pulls Back in November
RBC Financial Grouphttp://www.rbc.com/ The statements and statistics contained herein have been prepared by the Economics Department of RBC Financial Group based on information from sources considered to be reliable. We make no representation or warranty, express or implied, as to...
Australian Employment Report May Shoot Aussie Higher
December’s employment report for Australia is likely to attract investors’ attention on Thursday at 00:30 GMT. Technically, the recession is over in the country as the economic indicators have turned positive, however, the recovery is not. Unemployment is expected to take two to three...
New Zealand Dollar Rises After Strong Retail Sales Data
US futures turned positive in the overnight session ahead of key corporate earnings. Later today, companies like Bank of America, Goldman Sachs, and Charles Schwab will deliver their fourth-quarter earnings. In general, analysts expect the numbers to be relatively strong....
Canada: Homebuilding Pulls Back But Remains firm in December
Housing starts dropped 12.6% m/m in December to a still-strong 228.3k units. This level was achieved without CMHC conducting their survey in the Kelowna CMA due to COVID-19. Excluding the Kelowna CMA from the growth calculation, starts decreased by a...
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