Gold On The Edge As Investors Weigh Conflicting Macro Factors
At the time of writing, gold was somewhat desperately trying to cling onto key support around $1480, finding mild support thanks to the stock market rally pausing for a breather. The precious metal fell sharply on Tuesday, partly because we...
U.S.-China Trade War Injects Volatility in September Trade Data
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...
Canadian Trade Deficit Narrower But Not for Good Reasons
Trade balance narrowed slightly to $1.0 billion in September Both export and import volumes declined Data is volatile, but trade backdrop still looks lacklustre The September international trade data leaves recent lackluster trends largely in place. The slightly narrower trade...
Asia Morning: RBA And The Race (To Zero) That Stops The Nation
RBA expected to keep rates on hold The Aussie domestic economy is in a better and more encouraging shape since the October meeting with full-time employment and consumer inflation data steadying. Gov. Lowe on several occasions also noted that “negative...
Market Brief: New Record Highs await Wall Street
Markets update: Risk-ON at start of the new week so far, with European stocks, US index futures and crude oil all rallying, while in FX safe-haven yen was falling and risk-sensitive Aussie and kiwi dollars rising. Sentiment has remained supported...
Crude Oil Price Drops As Saudi Aramco Launches Its IPO
The price of crude oil declined after Saudi Aramco launched its long-awaited initial public offering. The IPO is expected to raise more than $60 billion by selling up to 3% of the company. Riyadh hopes that the IPO will value...
Weekly Economic and Financial Commentary: The U.S. Economy Continues to Trek Along
U.S. Review The U.S. Economy Continues to Trek Along It was as busy a week as one can get in terms of economic data. Third quarter GDP results hit the wire on Wednesday, followed by a 25 bps cut from...
The Weekly Bottom Line: BoC Opens the Door to Rate Cuts
U.S. Highlights U.S. economic activity decelerated in the third quarter to a 1.9% annual pace from 2% in the second quarter, with consumer spending doing much of the heavy lifting. The Federal Reserve implemented its third, and likely final, interest...
China Weekly Letter – On Track for Moderate Recovery and Phase One Deal
Chinese PMIs send conflicting signals. Metal prices and other indicators still support the case for a moderate recovery. Trump tweets that US and China will find another place for signing the phase one deal and says it will cover 60%...
Go-Forward Risks Remain – Current Growth Trends Still Solid
The US Fed and Bank of Canada still remain firmly focused on go-forward risks to growth from the US-China trade-war. The Fed cut rates for the third time in the last three meetings on October 30. The Bank of Canada...
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