Can The ECB Drag The Euro Lower?
This year, the Euro has been one of the best performing major currencies, having appreciated 8% against the Dollar so far while rebounding 14% from the March lows. The rise in the Euro has come despite depressed bond yields across...
UK Recovery Stumbles as No-Deal Brexit Risks Spike; Pound Oblivious
Growth data out of the United Kingdom will kick off Thursday’s European session at 07:00 GMT when traders are likely to wake up to fresh Brexit headlines. Prime Minister Boris Johnson is due to travel to Brussels later today to...
Focus On UK-EU Meeting Later Today In Attempt To Break The Deadlock In Brexit Negotiations
Notes/Observations Focus on Wednesday dinner between UK PM Johnson and EU Commission President von der Leyen in Brussels; meeting viewed as last-ditch attempt to salvage a Brexit trade deal Risk appetite trying to find some tailwinds as last-ditch Brexit talks...
US: Small Business Confidence Takes a Step Back in November
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...
Yen Yawns on Strong Japanese GDP
The Japanese yen is almost unchanged in the Tuesday session. Currently, USD/JPY is trading at 104.09, up 0.04% on the day. Japan second-estimate GDP beats consensus Japan’s GDP reports have followed the trend we’ve seen across the major economies. Growth...
Euro Resumes Rally on German Manufacturing Data
After a brief pause on Friday, the euro has resumed its upswing early in the trading week. Currently, EUR/USD is trading at 1.2158, up 0.31% on the day. Euro The week ended on a bright note, as German Factory Orders...
Yen Calm ahead of Japanese GDP
The Japanese yen is showing limited movement in the Monday session. Currently, USD/JPY is trading at 104.11, up 0.06% on the day. USD/JPY has been relatively quiet, as the pair remains close to the 104 level. Japan second-estimate GDP expected...
British Pound Bounces Back As Brexit Talks Resume
The British pound erased earlier losses as traders reacted to the latest developments on Brexit. Over the weekend, Boris Johnson and Ursula von der Leyen agreed to restart the talks as key issues remained. While the two sides have made...
Weekly Economic and Financial Commentary: COVID Is Still Holding Sway Over the Economy
U.S. Review Data Continue to Reflect the Economy’s Resilience Manufacturing held up relatively well in November, despite a larger-than-expected dip in the ISM manufacturing survey. The nonfarm manufacturing survey rose slightly. Residential construction continues to ramp up, while the commercial...
The Weekly Bottom Line: December Calm Before the Storm
U.S. Highlights Financial markets remained upbeat this week, looking past the near-term risks associated with the ongoing health crisis. Economic data delivered a mixed bag. Both ISM activity indexes remained in expansionary territory and jobless claims showed improvement, but nonfarm...
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