Uncertainty About President Trump’s State Of Health
Market movers today Today’s highlight are the final service PMIs out of the euro area. We expect a poor reading, which will confirm the two-speed economic recovery with service PMIs underperforming manufacturing PMIs. This week is fairly light in terms...
Weekly Economic and Financial Commentary: Recovery Keeps Trudging Along
U.S. Review Recovery Keeps Trudging Along In what was a jam-packed week of economic data, the jobs report, prospects of additional fiscal stimulus and the president’s positive COVID-19 test result commanded markets’ attention. Nonfarm employers added 661K jobs in September....
Week Ahead – Markets Hate Uncertainty
Or so the old saying goes You’re going to be hearing the word uncertainty a lot over the next month. We have political uncertainty ahead of what is going to be a highly unusual election, economic uncertainty as Congress fails...
The Weekly Bottom Line: Healing, but Slowing Labor Market
U.S. Highlights Following a four-week losing streak, U.S. financial markets regained some gusto, buoyed by optimism on the prospect of a new stimulus package. The labor market continues to mend, albeit at a decelerating pace. The American economy added 661,000...
Week Ahead: October Will be Anything but Normal
This week is going to be full of headlines regarding President Trump’s health and Brexit. As if things couldn’t get more bizarre in 2020, US President Trump and his wife have tested positive for the coronavirus, only weeks ahead of...
Forward Guidance: Canada’s Labour Market Recovery Continues, Albeit at a Slower Pace
We expect next week’s Canadian labour report to show a 200k increase in employment – the smallest gain in 5 months. Still, the increase will bring the cumulative job recovery to 2.1 million, or 70% of the 3 million jobs...
RBA to Hold off on Rate Cut for Now but Could Flag Future Move
The Reserve Bank of Australia meets on Tuesday for its latest policy decision, with an announcement expected at 03:30 GMT. Having clearly signalled at its previous meeting that the Bank is planning to stay on hold for the foreseeable future,...
US Dollar Strengthens Ahead Of Nonfarm Payroll Data
The US dollar strengthened as traders reacted to mixed economic data from the United States. Data released yesterday showed that initial jobless claims dropped to 837k in the previous week. That was the lowest reading since March. Other data by...
USD/CAD Flat Despite Strong Canadian Data
The Canadian dollar’s mini-rally has taken a pause on Thursday. In the North American session, the pair is trading at 1.3306, down 0.11% on the day. After a quiet start to the week, USD/CAD dropped by o.50% on Wednesday, its...
Investors Little Moved By The Presidential Debate
There is no doubt whoever becomes the next President of the United States of America will influence investor’s decisions, but it seems we are no clearer in knowing who that will be after the first presidential TV debate. After a...
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