Weekly Economic and Financial Commentary: A Pretty Good Start to the Year
U.S. Review 2020 Is Off to a Good Start Most of this week’s economic reports showed the economy ended 2019 with strong momentum, while the Senate passage of the USMCA and the signing of Phase I of the China trade...
The Weekly Bottom Line: Canada – Trade Deals Abroad, Decent Data At Home
U.S. Highlights Data releases over the week reinforce the main themes in the U.S. economy: solid consumption, housing market recovery, faltering business investment and soft inflation. The phase one trade deal was formally signed, committing China to increase its imports...
Forward Guidance: Trade Deals Just One Factor in BoC’s Outlook
The Bank of Canada held interest rates steady throughout 2019 and is widely expected to do so again at its first meeting in 2020. While a run of soft economic data toward the end of last year suggests a rate...
Week ahead – ECB, BoJ, and BoC Meet Before Crucial European and UK PMIs
It’s going to be an action-packed week, with three major central bank meetings and a storm of economic data likely to keep traders glued to their screens. The European Central Bank is unlikely to signal anything radical, so the euro...
GBP/USD Drops On Weak Retail Sales
UK data this week has been dismal. UK retail sales was the latest release to disappoint: MoM -0.6% vs +0.6% exp. YoY +0.9% vs 2.9% exp. Expectations were running high for December retail sales as the data included black Friday...
China’s GDP Growth Expected to Stabilize as Phase One Deal Completed
China will report GDP numbers for the fourth quarter on Friday 02:00 GMT alongside industrial output and retail sales figures for December. After growth slowed to a three-decade low in the third quarter, will the optimism around the ‘phase one’...
U.S. Retail Sales End 2019 on Solid Footing
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...
Gold Firms As US-China Trade Deal Details Fail To Allay Uncertainty
Gold rose on Wednesday as details of the U.S.-China Phase 1 trade deal failed to soothe investors’ concerns about trade differences, as Washington retained tariffs on some Chinese goods. In other precious metals, palladium climbed to a record high and...
After an Impressive New-Year Rally, What Does 2020 Hold for Gold?
Gold has been on a tear lately, reaching heights not scaled since 2013 to temporarily breach the $1600 an ounce level. However, with risk appetite also riding high on the back of easing trade frictions, and US and Iranian tensions...
Stocks Falls Following Reports That US Tariffs On China Will Remain
US stocks declined yesterday as traders started worrying that US tariffs on Chinese goods would remain until after the November election. Media reports indicated that the US will extend its tariffs for ten months, at which time the Trump administration...
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