NZ Dollar Hits 6-Week High, Then Retreats
The New Zealand dollar is showing strong volatility in the Wednesday session. Early in North American trade, the pair is trading at 0.6669, down 0.40% on the day. On Tuesday, NZD/USD recorded sharp gains, climbing 0.95%. The volatility has continued...
US Dollar Sinks As US Election Results Stream-In
The US dollar is up sharply as the market reacts to the streaming results from the United States. The dollar index is up by more than 0.90%, which is a sign that the market is getting cautious over the results....
Fed Meeting and NFP Eyed as Markets Digest Election
It is the mother of all weeks for the dollar and stock markets. In the aftermath of the US election, traders will have to digest a Fed meeting at 19:00 GMT Thursday and the latest US employment report at 13:30...
Dollar Slips, Stocks Rally As World Awaits Next US President
Few signs of market jitters on Election Day despite uncertainty about outcome Strong manufacturing data help ease virus fears, stocks bounce back Dollar retreats from highs, aussie shrugs off rate cut to turn higher Biden still in the lead, Trump...
USD/CAD Falls on Strong Canada Mfg. PMI
The Canadian dollar has kicked off the week with gains. In Monday’s North American session, USD/CAD is trading at 1.3270, down 0.34% on the day. It was a rough week for the Canadian dollar, which fell 1.48%, its worst weekly...
U.S Futures Rising – Watch AAPL, AMZN, WYNN, MPC
The S&P 500 Futures are posting a rebound after they in the red again on Friday. Investors became cautious ahead of the Nov. 3 presidential election, and remained concerned over the record-breaking Covid-19 cases around the world. Later today, the...
Asia Morning: Tech Stocks Lead U.S. Market Lower Again
On Friday, U.S. stocks ended in the red again. The Dow Jones Industrial Average fell 157 points (-0.59%) to 26501, the S&P 500 dropped 40 points (-1.21%) to 3270, and the Nasdaq 100 slumped 297 points (-2.62%) to 11052. S&P 500 Index (Daily Chart) : Downside...
Weekly Economic and Financial Commentary: Renewed Questions Surrounding Global Recovery
U.S. Review GDP Bounces Partway Back in Q3 Real GDP jumped a record 33.1% during Q3, beating expectations. A 40.7% surge in consumer spending drove the gain. However, real GDP is still 3.5% below pre-pandemic levels. Initial jobless claims dropped...
The Weekly Bottom Line: Economic Growth Resumes in Q3
U.S. Highlights Financial markets tumbled this week as worsening coronavirus caseloads fueled concerns about the global economic outlook. The S&P 500 is on track to end the week 6% below last week’s close. The American economy rebounded sharply in the...
Forward Guidance: October Canadian Job Report to Show Early Impact of Virus Resurgence
We expect the pace of job growth in Canada slowed to 50k in October after a stronger-than-expected 378k increase in September. Virus containment measures were reintroduced in Ontario, Quebec and other regions, and although much less stringent than in the...
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