USD/CAD Dips on Mixed US Durable Goods
The Canadian dollar has posted slight gains for a second successive day. In Wednesday’s North American session, USD/CAD is trading at 1.3151, down 0.15% on the day. US durable goods orders mixed, GDP next With no Canadian data on Wednesday,...
Asia Morning: S&P, Nasdaq At Records Again, Dow Eases
On Tuesday, U.S. stocks closed mixed. While both the S&P 500 (+12 points or 0.36% to 3443) and the Nasdaq 100 (+95 points or 0.82% to 11721) closed at record levels again, the Dow Jones Industrial Average eased 60 points...
USD/CAD Dips on Mixed US Data
The Canadian dollar has posted slight gains in Tuesday trade. Early in the North American session, USD/CAD is trading at 1.3186, down 0.23% on the day. US consumer confidence slides The US consumer held on tighter to the purse strings...
EU Indices Still Up This Morning | TA Focus On Ferrexpo
INDICESYesterday, European stocks were broadly higher. The Stoxx Europe 600 Index jumped 1.58%, Germany’s DAX 30 surged 2.36%, France’s CAC 40 gained 2.28%, and the U.K.’s FTSE 100 was up 1.58%. EUROPE ADVANCE/DECLINE86% of STOXX 600 constituents traded higher yesterday.74%...
USD/CAD Calm at Start of Week
The Canadian dollar has started the week with slight losses. In the North American session, USD/CAD is trading at 1.3156, down 0.16% on the day. Canada retail sales soar The week ended on a high note, as Canada’s retail sales...
Risk Appetite Continues To Find Some Footing
Notes/Observations Perceived easing in US-China trade tensions helps risk appetite coupled with progress of various potential coronavirus treatments The summer lull in bond issuance expected to end this week with numerous sovereign auctions and syndicates expected Attention building to the...
Weekly Economic and Financial Commentary: Claims Rise Amid Slipping Momentum in Rebound
U.S. Review Bringing Down the Hammer Despite indications of lost momentum elsewhere, residential construction activity is picking up steam. A key survey shows confidence among homebuilders in August tied an all-time high set in 1998 and housing starts figures released...
The Weekly Bottom Line: Housing Market Rebound Continues
U.S. Highlights The housing market continues to exceed expectations. Existing home sales and starts rose by 24.7% m/m and 22.6%, respectfully in July. Existing home sales are now 8% above January levels while starts are 7% below the pre-pandemic peak....
Forward Guidance: New Canadian Income Supports Will Help But Downside Risks Remain
There is little doubt that the Canadian GDP report next week will show a gut-churning decline in activity in Q2, but the initial rebound has also been eye-catching. And early indicators for the US economy in Q3 have also looked...
Week Ahead: All Eyes on Jackson Hole Symposium
The FOMC minutes showed that the committee seemed to be inclined to keep stimulus “lower for longer”. However, market participants were surprised that the committee was less inclined to use new measures, such as yield curve control, as many were...
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