The Future of the US Dollar After the 2020 Election
Tuesday, Nov. 3, 2020 marks one of the more memorable Election Day contests in U.S. history. Featuring an outspoken incumbent POTUS, a former Vice President, and an unprecedented series of geopolitical and social events, Election Day 2020 will have a...
US Futures Slightly Up – Watch MSFT, MPC, GOOGL, MRK, YUM
Futures remain on the upside after they closed higher on Friday. Apple (AAPL +10.47%) gapped up to close at an all-time high of $425.04 after reporting better-than-expected earnings.Later today, July ISM Manufacturing Index (53.5 expected) and June Construction Spending (+1.0%...
Asia Morning: U.S. Dollar Rebounds, Stocks Close Higher
On Friday, U.S. stocks closed higher. The Dow Jones Industrial Average rebounded 114 points (+0.44%) to 26428, the S&P 500 rose 24 points (+0.77%) to 3271, and the Nasdaq 100 jumped 190 points (+1.78%) to 10905. Nasdaq 100: Daily Chart...
Weekly Economic and Financial Commentary: The Second Wave Appears to Have Crested
U.S. Review While Risk Remains, The Worst Appears to Be Behind Us The resurgence in COVID-19 in much of the Sun Belt appears to have topped out, although cases are rising faster in some smaller mid-Atlantic states and in parts...
The Weekly Bottom Line: Historical Decline in GDP As Virus Struck in Q2
U.S. Highlights Real GDP fell by an historic 9.6% in the second quarter (32.9% annualized), led by declines in spending on services as the economy locked down in March and April. The fall was deep but short. Spending rebounded in...
Forward Guidance: Growth in Employment to Continue in July, at a Slower Pace
Canadian labour markets probably continued to look a little better in July. Though the 400k increase in employment we expect would still leave the job count down about 1.4 million compared to February levels, even after the 1.2 million jobs...
Week Ahead: The Coronavirus Continues to Dominate Global Economies
“The path of the economy will depend on the course of the virus.” This sentence was a new addition to the FOMC’s Monetary Policy statement and reflects the uncertainty of monetary policy. The number of coronavirus cases continue to grow,...
GBPUSD Continues to Gain Momentum
Increased economic uncertainty has brought added volatility into global forex markets. Here is a look at key U.S. economic data over the past week that helped move the majors. Personal Income declined 1.1% on month in June (-0.6% expected), compared...
US Futures Climbing – Watch AAPL, AMZN, GOOGL, MRK, FB, EA
The S&P 500 Futures are on the upside after they closed mixed on Thursday. In after-market hours, Apple (AAPL), Amazon.com (AMZN), Alphabet (GOOGL) and Facebook (FB) saw their share prices rise after posting upbeat earnings results. Later today, June Personal...
‘King Dollar’ Falls from Grace, Growth Concerns to Blame?
The world’s reserve currency took a beating lately, as the resurgence of infections in the US painted a darker outlook for the nation’s economic recovery and sparked expectations for more action by the Fed. But FX is a two-way game,...
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