GBP/USD Flat Despite Soft GDP, Manufacturing Data
GBP/USD continues to have a quiet week, as the pair is drifting in the Friday session. In the European session, the pair trading at 1.2940, up 0.02% on the day. British GDP falls short of estimate The UK released its...
Asia Morning: U.S. Stocks Rise As Stimulus Tug-Of-War Continues
On Thursday, U.S. stocks posted further gains. The Dow Jones Industrial Average rose 122 points (+0.43%) to 28425, the S&P 500 climbed 27 points (+0.80%) to 3446, and the Nasdaq 100 was up 47 points (+0.42%) to 11550. S&P 500...
Economic Modeling in the Post-COVID Era: Part II
Executive Summary As discussed in Part I of this series, the fundamental ambiguity of the current virus-driven crisis has brought a host of new challenges for economic modeling. Record volatility and persistent uncertainty complicate analysts’ ability to discern trends in...
British Pound Rises On Renewed Hopes Of A Brexit Breakthrough
The US dollar was little changed as the market reacted to the minutes of the previous Fed interest rate decision. The minutes showed that the central bank was concerned about the state of the economy now that congress had failed...
USD/CAD Steady, FOMC Minutes Loom
The Canadian dollar has posted slight losses on Wednesday, erasing most of the gains seen on Tuesday. In the North American session, USD/CAD is trading at 1.3272, down 0.32% on the day. Canada Ivey PMI disappoints Canada’s Ivey PMI posted...
The US Dollar Rises On Trump Tweet
Hurricane Delta holds up oil Oil markets were having another heady session until hitting a brick wall when President Trump called off stimulus talks. Oil abruptly reversed course, but both Brent and WTI still managed to finish the day marginally...
USD/CAD Flat after Trade Balance Releases
The Canadian dollar is almost unchanged on Tuesday, after starting the week with gains. USD/CAD is trading at 1.3260, up 0.04% on the day. On the fundamental front, both Canada and the US released their respective trade balances for August....
Four Weeks Out: The State of the 2020 US Presidential Race and Market Implications
It’s been more than three months since our last “State of the 2020 US President Race” report, and while we’ve seen countless massive storylines (ongoing protests across the country, another 100k Americans dying from COVID-19, the biggest quarterly decline in...
Asia Morning: U.S. Stocks Advance As Trump Leaves Hospital
On Monday, U.S. stocks rebounded. The Dow Jones Industrial Average jumped 465 points (+1.68%) to 28148, the S&P 500 rose 60 points (+1.80%) to 3408, and the Nasdaq 100 surged 253 points (+2.25%) to 11509. S&P 500 Index: Daily Chart – advertisement – Market momentum picked...
US: Services Sector Activity Defies Expectations, Improves a Touch in September
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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