European Central Bank Kept Its Key Interest Rate Unchanged
For the 24 hours to 23:00 GMT, the EUR rose 0.95% against the USD and closed at 1.1339, after the European Central Bank (ECB) increased the size of its Pandemic Emergency Purchase Program (PEPP) to support the economy. The ECB,...
Weekly Focus – Reopening Lifts Spirits, US-China Tensions Increase
This week we got some encouraging data releases . In Germany, the May labour market report showed a further increase in the unemployment rate to 6.3% from 5.8% in April. Still, the employment losses remain relatively contained, as Kurzarbeit is...
Dollar Steadies As Stocks Pause Rally, Euro Eyes ECB Stimulus
Dollar regains some positive footing as risk rally eases Euro takes a breather ahead of ECB decision Oil pulls back amid doubts about OPEC+ extending output cuts Dollar fights to end losing streak as stocks lose steam The US dollar...
The Bank of Canada Holds Rates, Maintains Asset Purchases
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 Extending Gains, Watch CPB, ZM, TWTR, LYFTI, CCL, NCLH
The S&P 500 Futures advance further as expectations of continued economic recovery outweighed impact of violence and looting across the country. Later today, the Automatic Data Processing (ADP) jobs report is expected to show a reduction of 9.000 million private...
ECB Set to Expand Pandemic Stimulus But Size and Split Views May Hurt Euro
The European Central Bank is widely expected to announce a ramping up of its pandemic emergency purchase program (PEPP) on Thursday at 11:45 GMT as the Eurozone economy slowly emerges from weeks of lockdown. But as the euro rallies on...
Stocks Focus on China Purchases and Not Protests
Stocks focus on China purchases and not protests, Oil rises as Russia open to 1-month cut extension, Gold steady, Bitcoin pops past $10K US equities advanced higher after Chinese firms continued to purchase US soybeans, alleviating concerns that China was...
RBA Meets as Australia Reopens for Business, Aussie Rallies
The Reserve Bank of Australia is scheduled to hold a policy meeting on Tuesday with an announcement expected at 05:30 GMT. A day later, the GDP growth estimate for the first quarter is due at 01:30 GMT, making it an...
Week Ahead – ECB, RBA, and BoC meetings ahead of nonfarm payrolls
The coming week is action-packed, with three central bank meetings, the resumption of critical Brexit talks, and the release of the US jobs report. The ECB looks primed to expand its QE program but paradoxically, that may not hurt the...
Trump To Trigger June Jitters?
Friday response to new Chinese law to have major say on market direction Risk aversion could erase Dollar losses Trump’s next move may be catalyst for $1800 Gold All eyes will be on President Trump, who is set to announce...
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