Dollar Recovery Ends Quickly
Dollar under pressure after brief respite US yields are quickly reversing lower after spiking higher after Mr Powell’s address on Thursday. The reality that inflation is but a distant hope, and that interest rates in the US are going nowhere...
Weekly Economic and Financial Commentary: Q3 PCE Rebound in the Cards, Outlook More Uncertain
U.S. Review Q3 PCE Rebound in the Cards, Outlook More Uncertain After a revised look at GDP this week suggested the second quarter may not have been quite as bad as first estimated, attention shifts to the current quarter. Fresh...
The Weekly Bottom Line: Federal Reserve Flips the Script, Targets Average Inflation
U.S. Highlights Federal Reserve Chair Powell unveiled a change in the Fed’s monetary policy strategy, announcing that it will target an inflation rate “that averages 2% over time” (instead of a strict 2% goal), and that it will be concerned...
Forward Guidance: Early Sprint in Job Gains Likely to Fade as Recovery Wears On
The jobs recovery probably extended into August alongside further improvement in the broader economic backdrop. About 1.7 million of the 3 million Canadian jobs lost in March and April came back through July, alongside an initial rebound in GDP as...
Week Ahead: NFP, Polls Gain Traction and European Covid Cases In Focus
The focus across the week was Jerome Powell and the shift in the Fed’s policy framework that he announced at the first virtual Jackson Hole symposium. The US central bank will adopt a softer approach to inflation, favouring full employment...
What the RBA Could Do Next to Control the Economic Qqueeze?
Australia has two key events next week in the agenda. The Reserve Bank is setting its policy on Tuesday at 03:30 GMT, while the next day at 01:30 GMT the Bureau of Statistics is releasing GDP figures for the second...
Oil Retreats, Gold Volatility Continues
Oil Stays on Summer Holidays Brent and WTI both retreated overnight, moving both contracts back into range-trading no-man’s land. A stronger US dollar and higher US yields capped price increases, with the coup de grace administered by the relatively uneventful...
US GDP: Still the Biggest Economic Decline in Official Records in Q2
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...
US Futures Consolidate before Powell Speech – Watch NTAP, DG
The S&P 500 Futures are consolidating after they closed higher yesterday. The Nasdaq 100 jumped 250 points (+2.1%) and the S&P 500 rose 35 points (+1.0%), both up for a fifth straight session. Later today, U.S. Federal Reserve Chairman Jerome Powell...
In Fed We Trust, Oil Breakout, Gold Bulls Defend $1900
Risk appetite remained strong after durable goods data and excitement that Fed Chair Powell reaffirm the whatever it takes attitude to supporting the economy later this week at Jackson Hole. Everyone waiting for softer US economic was disappointed after the...
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