The Weekly Bottom Line: It’s Always Darkest Before the Dawn
U.S. Highlights COVID-19 concerns took center stage again this week as cases surged to new daily records. This overshadowed optimism on vaccine progress and mostly positive economic data, with U.S. equity markets trending modestly lower as a result. Retail sales...
Forward Guidance: Early Signs of COVID Damage in Europe to be Closely Watched in Canada
We’ll get some early indications of how re-imposed virus containment measures are affecting Europe with the release of advance PMI survey data next week. The resurgence of COVID 19 there, and re-introduction of more significant restrictions on businesses and individuals,...
Week Ahead: US Thanksgiving and Another Brexit Deadline
Traditionally, Thanksgiving week in the US tends to be more on the quiet side. With the holiday on Thursday and a half day on Friday, many people take some or all of the week off. However, as we have seen...
Week Ahead – Let the Battles Commence
Focus back on fiscal response It appears we’re moving seemlessly from one major risk to another at the moment in the markets. The election is still technically live, Covid is spreading like wild fire and battles are commencing in Washington...
Yen’s Path Versus Dollar Defies Recovery Trend, May Cause Headache for Policymakers
The Japanese yen has been on a steady downtrend against most of its major peers since March when it exploded higher during the virus-induced financial turmoil. Although only the euro and the Australian dollar have managed to erase their year-to-date...
US Recovers On Stimulus Optimism, But Futures Drop On Friday
US equities partially recovered on Thursday, after tumbling over 1% in the previous session. Investors reacted positively to the new stimulus hopes, which offset the worries over tighter restrictions and layoffs related to the surging coronavirus infection rates. Senate Minority...
Aussie Dips Despite Sharp Job Data
The Australian dollar has dipped lower in the Thursday session. Currently, AUD/USD is trading at 0.7268, down 0.50% on the day. Sparkling job numbers, but Aussie falls There was excellent news on the employment front in October, as the economy...
Oil Edges Higher, Gold Range Trading
Crude inventories saves oil’s blushes Oil would probably have finished the overnight session lower as well but can thank a lower than expected rise in official US Crude Inventories. The 768,000-barrel print was well below market expectations of a 1.65-million-barrel...
Pound Climbs as Inflation Beats Estimate
GBP/USD is in positive territory for a fourth straight day, as the pair continues to make inroads against the greenback. Currently, the pair is trading at 1.3305, up 0.47% on the day. British inflation beats forecast Inflation levels are an...
US: Housing Starts Continue to Defy Expectations in October
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...
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