Canadian Retail Sales Pick Up in February
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...
European Update – Stocks Bounce after PMI Setback
Markets recover from initial post-PMI weakness European equity markets have recovered from earlier weakness, following another disappointing batch of PMIs from the euro area, with stocks being supported by a weaker euro. It’s going from bad to worse for the...
US: Retail Sales Surge in March
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...
Oil Volatility is about to Kick into High Gear
2019 has delivered for the most part a one-way move higher for oil prices as OPEC + production cuts have successfully stabilized prices. WTI crude has rallied over 40% this year and prices could be ripe for a massive pullback...
British Pound Edges Lower Despite Strong UK Retail Sales
GBP/USD has posted slight losses in the Thursday session. In North American trade, GBP/USD is trading at 1.3015, down 0.20% on the day. On the release, British retail sales jumped 1.1% in March, crushing the estimate of -0.3%. Over in...
Healthcare Stocks Get Burn-ied
Healthcare stocks get burn-ied Wall Street shrugged off much improved US trade figures, and a slight China GDP beat, as Presidential hopeful Bernie Sanders’ “Medicare for all” comments saw healthcare sector stocks take fright. This took the edge of generally...
AUD/NZD Poised For A Pullback If AU Jobs Data Misses
It’s been a day of differing fortunes for the antipodean currencies. The kiwi is the day’s biggest loser after a weak Q1 CPI report potentially put an imminent rate cut onto the table. In contrast, a bout of strong economic...
Euro Area PMIs: Too Early for a Substantial Rebound?
The Eurozone’s preliminary PMIs for April are due on Thursday at 08:00 GMT and forecasts point to a rebound, albeit only a modest one. Make no mistake, these are the most important figures for the euro right now, and any...
Aussie Shifts Focus to Australian Jobs Data
The minutes from the latest monetary policy meeting by the Reserve Bank of Australia underlined the importance of the labor market in setting interest rates on Tuesday, making the Australian employment report due on Thursday at 0130 GMT the next...
Swiss Franc Reverses Its Losses In The Morning Session
For the 24 hours to 23:00 GMT, the USD rose 0.38% against the CHF and closed at 1.0077. In the Asian session, at GMT0300, the pair is trading at 1.0071, with the USD trading 0.06% lower against the CHF from...