Loonie Waits for Bank of Canada to Talk Up Recovery Prospects
Following a roughly as expected jobs report, the Canadian dollar will be next waiting for the Bank of Canada’s rate announcement and the short explanation delivered along on Thursday at 14:00 GMT. However, the event itself may not be exciting...
Still Overextended, Decoupling from China, Apple and Tesla Pain, Commodities Crushed Again, Dollar Surge, Treasuries Tumble
US stocks resumed their slide, with tech leading the plunge as investors scramble for the sidelines for a plethora of reasons: US-China tensions boil, high fliers such as Apple and Tesla are still overextended, and on fears that the US...
Asia Trades Mixed, Hang Seng Tech Index Drops
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Pound Drops On Renewed Brexit Pessimism
Brexit developments over the weekend added to the pessimism that an agreement will be reached with the EU ahead of the October deadline. Boris Johnson was expected to announce that if no deal is reached by October 15th, then both...
EU Indices Up | TA Focus On Dechra Pharmaceuticals
INDICESFriday, European stocks were broadly lower. The Stoxx Europe 600 Index slid 1.3%, Germany’s DAX 30 sank 1.7%, France’s CAC 40 and U.K.’s FTSE 100 were down 0.9%. EUROPE ADVANCE/DECLINE70% of STOXX 600 constituents traded lower or unchanged Friday.29% of...
US Elections: A Simple Guide and Market Implications
The 3rd of November is the day that American citizens will decide who will lead their country for the next four years. Opinion polls suggest Biden will win, but Trump is quickly closing that polling gap in key battleground states...
Weekly Economic and Financial Commentary: Jobs Rebound Continues, But Signs of Moderation Ahead
U.S. Review Jobs Rebound Continues, But Signs of Moderation Ahead Employers added jobs for the fourth consecutive month in August, bringing the total number of jobs recovered from the virus-related low to 10.5 million. Although the labor market continued to...
The Weekly Bottom Line: Labor Market Mending Continues, but Risks Are Mounting
U.S. Highlights After reaching new highs early in the week, financial markets tumbled, driven by a broad sell-off in technology stocks. The S&P 500 is on track to end the week about 3% below last week’s close. The labor market...
Forward Guidance: BoC to Keep Rates Low Despite a Rebounding Economy
Expect the Bank of Canada to stay focused on economic growth rather than damage control during its policy deliberations next week. Another gain in August employment – this time more heavily weighted to full-time work – added a measure of...
Week Ahead: September Begins with a Bang!
Monday is a bank holiday in the US and Canada and marks the unofficial end of summer. Many traders will be back in the office this week after August holidays, even amid the coronavirus pandemic. Stocks were the story last...
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