The Weekly Bottom Line: Global Infections Surge
U.S. Highlights Covid-19 infections are surging in much of the world, prompting new restrictions in Europe and dampening market sentiment early in the week. U.S. data painted a clear picture of pandemic life. Inflation pressures for services hard hit by...
Forward Guidance: Economic Data Still Constructive as Virus Threat Looms
The week ahead should see another constructive report on the Canadian consumer. Statistics Canada already provided a preliminary estimate that retail sales rose 1.1% in August building on a sharp bounce-back over the spring that had already pushed sales above...
Week Ahead: Brexit Negotiations Off But Talks On?
Surprisingly, not a lot has changed over the last week in terms of headline events! Brexit “talks” seem to be happening this week, though Boris Johnson made sobering comments that the UK should get ready for a no-deal Brexit. However,...
Week Ahead – Flash PMIs Could Underscore Worsening Virus Trend; US Election Polls in Focus
The virus reality has come back to bite markets just as investors were attempting once again to shrug off the gloom and doom. The daily frequency of tighter Covid restrictions being announced across Europe and dimming expectations of a pre-election...
Brexit Deal or No Deal?
The Pound has moved between narrow gains and losses hovering around the $1.29 mark as Boris Johnson tells the UK to prepare for a no trade deal Brexit. However, with more talks due to start in London on Monday, the...
Asia Morning: U.S. Stocks Down For Third Session
On Thursday, U.S. stocks slipped for a third session. The Dow Jones Industrial Average eased 19 points (-0.07%) to 28494, the S&P 500 declined 5 points (-0.15%) to 3483, and the Nasdaq 100 lost 86 points (-0.72%) to 11898. S&P...
USD/CAD Slips on Weak Job Reports
USD/CAD has recorded strong gains in the Thursday session. In North American trade, the pair is trading at 1.3245, up 0.71% on the day. The US dollar has gained close to one percent this week against the loonie, after posting...
Aussie Declines After Lowe
All information provided by Trade The News (a product of Trade The News, Inc. “referred to as TTN hereafter”) is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or...
Oil Remains Under Pressure, Gold Holding On
Oil holds firm around $40 Oil prices recovered slightly on Tuesday but are under a little pressure again today. Under the circumstances, it’s perhaps surprising they’re being as resilient as they are given that much of last week’s rally was...
US Stock Halts Rally As COVID Vaccine & Treatment Trials Temporarily Suspended
Wall Street took a pause on Tuesday after four straight bullish sessions. Investors are worried that J&J’s vaccine trial halt would delay the introduction of a coronavirus vaccine. Meanwhile, negotiations over further stimulus went in sleep mode. Still, tech stocks...
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Trading education
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