Forward Guidance: Canada GDP Growth Tracking Soft Q1, But as Soft as BoC Expects?
Canada’s February GDP report will help set the near-term growth narrative following the Bank of Canada’s well-telegraphed shift to a neutral policy bias in the April 24th policy announcement and Monetary Policy Report. We agree that recent growth/inflation trends make...
US: GDP Growth Not Quite as Strong in Q1 as Headline Suggests
Inventories and net exports made sizeable contributions to overall GDP growth in Q1. With price pressures muted, the Fed probably won’t be raising rates anytime soon, stronger-than-expected growth notwithstanding. Some Temporary Factors Lift Overall GDP Growth U.S. real GDP grew...
Dollar whipsaws following strong US Q1 GDP
GDP – Headline beat does not tell whole story XI – Confirms trade deal is nearing Oil – Short-term top in place Gold- Sinks following solid GDP reading GDP 3.2%! The US economy grew at 3.2%, much higher than 2.3%...
US GDP Recap: Traders See Through Stellar 3.2% Headline Growth to Questionable Details
Throughout this week, we’ve been highlighting today’s Q1 US GDP report as a potential market-mover for everything from GBP/USD to the S&P 500 and beyond. Late last week, we highlighted the potential for a stronger-than-anticipated GDP reading, and the initial...
US: Temporary Factors Boost First Quarter Growth to 3.2%
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 GDP Jumped 3.2% in Q1
US GDP increased a stronger-than-expected 3.2% in Q1 – above expectations for a 2% increase More than half the increase was accounted for by big adds from net trade and inventories that aren’t likely to be repeated, but consumer spending...
Crude Oil Relinquishes Big Chunk Of Weekly Gains
After an early surge to new 2019 highs, both major oil contracts have given up large chunks of their weekly gains. WTI is down for the third consecutive day, while Brent is down for the second day. Prices were barely...
Focus Back On The Greenback Ahead Of US Q1 GDP Data
The Japanese yen weakened against the USD after the country released key data. In March, the unemployment rate rose to 2.5% from 2.3% in February. Investors were expecting it to rise to 2.4%. In the month, the industrial production declined...
Currencies: Dollar Remains In Driver’s Seat Ahead Of US Q1 GDP Release
Rates: Temporary relief from US Q1 GDP data?Core bonds lacked inspiration yesterday, but that will change today with US Q1 GDP up for release. Bond markets are positioned to take some more bad news. However, we deem the bar of...
Central Banks Become Extra ‘Dovish’
Rate differentials, global growth concerns and G7 Central Banks ‘extra’ dovish rhetoric this week has provided the U.S dollar ample support to be trading at six-month highs across the board. Even the petro-currencies are having trouble gaining traction despite the...
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