End of week Briefing – Live Analysis
US equity futures are modestly firmer, as the market rebounds somewhat following the hefty losses seen Thursday. Mild declines in Treasury yields are supporting equities, while bargain hunting is likely…
Read More »CAD remains and should continue to remain capped
Canada’s GDP grew 9.6% in Q4 (q/q, saar), better than expected after the 40.6% bounce in Q3 (was 40.5%) that followed the 38.5% plunge in Q2. A modest inventory accumulation in…
Read More »US Market Open Live Analysis – March 1
A year since the markets plummeted on the pandemic’s global spread. Join Andria for a preview of the markets prior to the US open today. Click here to access the…
Read More »Live Commentary post ECB meeting!
EURUSD topped at 1.2135 following the disappointing jobless claims data, though has since ebbed back to 1.2097 lows after the ECB’s Lagarde mentioned the EUR exchange rate in her press…
Read More »Get prepared for tomorrow
The November Nonfarm payroll report is expected to show a gain at 540k, while the risk that heightened headwinds from rising COVID-19 cases may have been partly captured in the…
Read More »NFP Friday in US Election Week!
Treasury Action: losses on Treasuries have accelerated even as stocks sag. Some of the action is a function of unwinding of some of this week’s big moves. But there’s some renewed…
Read More »ADP, NFP and the change in their correlation
Today ADP reported a 749k sure in private payroll employment in September, almost double the 400k expectation, after an upwardly revised 481k (was 428k) increase in August. There were solid…
Read More »Twin US/Canada Jobs reports for August
USDCAD rallied to 1.3118 highs from 1.3078 lows following the twin US/Canada jobs reports. Both were close to consensus expectations, though the USD appeared to have received a broader bounce. The…
Read More »Durables present a potential GDP surge in Q3
The 11.2% July durable goods orders surge sharply exceeded estimates, following gains of 7.7% (was 7.6%) in June and 15.1% in May, led by increases of 35.6% for transportation after…
Read More »After ADP, Payrolls rise expected barring any surprises with tomorrow’s claims
The lean 167k July ADP payroll rise undershot our 1,900k private BLS payroll estimate with a 2,600k total BLS payroll gain. We also saw the expected big boost in the…
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