Why EUR/USD is Rallying… and What Could Cause it to Stop
Stop me if you’ve heard this one before, but the euro is the strongest major currency on the day despite the accelerating spread of coronavirus on the continent. Assuming we close anywhere near where we’re currently trading, this would mark...
Markets Slammed By Weak China Data
The true impact of the spread of CoVid-19 is starting to be felt, which China’s PMI data falling off the proverbial cliff last month. February was the first month the virus really started to hit the headlines and take hold,...
Weekly Economic and Financial Commentary: A Tough Week
U.S. Review A Tough Week The COVID-19 coronavirus hammered financial markets this week and rapidly raised the perceived likelihood and magnitude of additional Fed accommodation. The bond market now expects almost four Fed rate cuts by the end of the...
Forward Guidance: Coronavirus Risks in Focus with BoC Set to Cut Rates
Backward looking economic indicators – including US and Canadian employment reports for January over the next week – will probably continue to take a firm backseat to concerns about the spread of COVID-19 more significantly beyond China’s borders. Economic forecasts,...
The Weekly Bottom Line: Rate Cut Odds Surge As Covid-19 Spreads
U.S. Highlights Fears about the widening spread of Covid-19 lead to the worst week for equity markets since 2008. The 10-Year Treasury yield continued to find new all-time lows on Friday, and the Brent price of oil was down 15%...
Weekly Recap/Week Ahead: What Just Happened?
I don’t even know where to start: The coronavirus has spread outside of China More and more companies are lowering guidance for Q1 Economists are forecasting Central Bank rate cuts as the global economy grinds to a halt Global stock...
ISM PMIs Could Upset Dollar if Virus Impact Confirmed
The deterioration in the US preliminary IHS Markit PMI survey in February was partially attributed to the coronavirus outbreak and markets are now turning their attention to the more important ISM PMI indices for release on Tuesday (manufacturing) and Thursday (non-manufacturing) at...
A Sea Of Red
A sea of red European markets opened with a heavy weight on their collective shoulders Friday after the Dow Jones Index lost 4.4%, building up cumulative losses for this week that are beginning to resemble those in 2008. The FTSE...
COVID-19: How Would Fed Easing Help?
Financial markets have been thrown into a tailspin in recent days on news that the COVID-19 outbreak is spreading beyond China. Market participants fear that the outbreak will lead to slower economic growth in most countries, the United States included,...
U.S. Economic Growth Unchanged in the Fourth Quarter at 2.1% Annualized
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...
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