ECB Preview: Time for Inaction
This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents...
Is The Loud Market Selloff Just The Beginning?
The financial markets were pretty turbulent on Thursday. The Nasdaq100 lost 5% in one day, the biggest selloff since early June and the fifth largest one-day drop so far this year. The S&P500 and Dow Jones 30 lost noticeably less,...
Downbeat Claims and Trade Data Keep Risky Assets Heavy, Commodities Slide on Strong Dollar
Wall Street’s rally is running out of steam amid worries the labor market recovery has stalled. The headline beat for weekly jobless claims needs to be taken with a grain of salt. After seasonal adjustments, initial jobless claims for last...
Oil Suffers A Pipeline Burst, Gold Slips
Oil falls sharply as US dollar recovers Oil markets endured their most torrid day in weeks as a rotation out of risk positioning, and a stronger US dollar weighed heavily on energy markets. Again, the price action overnight looks to...
Nonfarm Payrolls: An Asymmetric Event?
The US employment report for August will be released at 12:30 GMT Friday, and forecasts suggest the economy continued to recover jobs at a healthy clip. For markets though, this data set might present an asymmetric risk, with a negative...
Oil Market and Gas Price History by President
When it comes to the market, do past presidents provide precedent? We weigh in on the oil market and gas price history by President. Oil & gas: Do past presidents provide precedent? As arguably the planet’s most important commodity, the...
USD/CAD Yawns as Manufacturing PMIs Rise
The Canadian dollar is showing limited movement in the Tuesday session. In the North American session, the pair is trading at 1.3060, up 10% on the day. Canada, US Manufacturing PMIs head higher Manufacturing activity accelerated in August on both...
GBP/USD Hits 2020 High on Strong UK Data
The British pound started the trading week with huge gains of 2.0% and the upswing has continued on Tuesday. Currently, GBP/USD is trading at 1.3442, up 0.55% on the day. Earlier in the day, the pair climbed to 1.3482, recording...
Markets Look For Clarity On Fed Regime Shift
Market movers today Preliminary euro area HICP figures are due. After inflation surprised on the upside in July, we expect a very low reading for core inflation (our call: 0.2%) due to seasonal factors that relate to postponed summer sales...
Best August in Years
Wall Street Poised For Best August in Decades A rather flat end to an otherwise very good month, with indices from Europe to the US enjoying their best August in many years. There’s been nothing normal about 2020 and this...
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