Week Ahead: US Elections are Finally Here!
The major polls have Joe Biden in the lead by various amounts, but Wall Street remembers! After months of waiting (some people have been waiting years), the US Presidential Election will take place this Tuesday. The major polls have Joe...
Week Ahead – US Election, Three Central Banks, and Nonfarm Payrolls
It is probably the busiest week ever for markets. The US presidential election will eclipse everything else, but there are several other crucial events like a Fed meeting and nonfarm payrolls to follow the main dish. The Bank of England...
U.S Futures Sliding – Watch AAPL, AMZN, FB, GOOGL, TWTR
The S&P 500 Futures are back in the red after they rebounded yesterday as investors were encouraged to see more signs in U.S. economic recovery. Later today, the U.S. Commerce Department will report September personal spending (+1.0% on month expected)...
Door Wide Open for December European Central Bank Easing
Executive Summary The European Central Bank (ECB) kept monetary policy unchanged at today’s announcement, but its accompanying comments were notably dovish in tone, offering a very clear signal of further easing in December. The onus now appears clearly to be...
US: Blowout GDP in Q3, but Growth in Q4 Will Be Slower
Most spending components posted record rates of growth as the economy re-opened. However, growth is set to slow sharply in Q4, and new COVID cases pose a downside risk to our projected 6.1% Q4 growth rate. Strong Growth Rate Reflects...
Asia Morning: U.S. Stocks Suffer 3% Sell-Off
On Wednesday, U.S. stocks encountered another sell-off within the week. The Dow Jones Industrial Average tumbled 943 points (-3.43%) to 26520, the S&P 500 slumped 119 points (-3.53%) to 3271, and the Nasdaq 100 plunged 456 points (-3.93%) to 11142....
BoC “Calibrates” QE But Stays the Course with Stimulus
Overnight rate held at 0.25%, set to stay there until 2023 QE purchases trimmed back slightly, maturities extended Near-term GDP forecasts revised higher but protracted recovery still expected The Bank of Canada left interest rates unchanged this morning and maintained...
EU Indices Still Under Pressure | TA Focus On BASF
INDICESYesterday, European stocks remained under pressure. The Stoxx Europe 600 Index fell 0.95%, Germany’s DAX 30 lost 0.93%, France’s CAC 40 tumbled 1.77%, and the U.K.’s FTSE 100 was down 1.09%. EUROPE ADVANCE/DECLINE76% of STOXX 600 constituents traded lower or...
AUD/USD Calm ahead of Aussie CPI
The Australian dollar is showing limited movement in the Tuesday session. In North American trade, AUD/USD is trading at 0.7133, up 0.14% on the day. Australia CPI on center stage The Australian dollar has shown limited movement for almost a...
US Open – Justice Barrett, Earnings (HSBC, BP, Pfizer, Merck), CNY, Oil Edges Higher, Gold A Touch Softer
European stocks weakened, while US stocks rallied, fed by investor optimism that the presidential election would deliver a ‘blue wave’ and provide massive stimulus on coronavirus relief, infrastructure spending and expanded health benefits. Earnings results in Europe have been mixed...
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