TDS
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Silver: Inflation shock threatens demand – TD Securities
TD Securities’ commodity team highlights that Silver has already fallen sharply since the conflict began and could face further downside if inflation…
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BoC: Cautious hold and two‑sided risks – TD Securities
TD Securities strategists, including Andrew Kelvin and colleagues, expect the Bank of Canada to keep the Overnight Rate at 2.25%…
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USD: Fed politics skew downside risks – TD Securities
TD Securities strategists argue that Kevin Warsh’s path to the Fed chair and related independence concerns mostly point to a…
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USD: Labor data supports resilience – TD Securities
TD Securities reports that United States labor market data surprised slightly on the positive side, with initial jobless claims below expectations and…
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CNY: Trade normalization and growth risks – TD Securities
TD Securities expects China’s March exports to normalize after a strong Jan–Feb report, while imports could surprise on the upside…
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NZD: RBNZ tightening bias and earlier hike risk – TD Securities
TD Securities analysts review the latest Reserve Bank of New Zealand (RBNZ) decision, noting the cash rate was held at…
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AUD: Energy shock threatens fragile consumption – TD Securities
TD Securities analysts highlight a record monthly rise in the Melbourne Institute Inflation Gauge, pushing headline and trimmed mean inflation…
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CAD: Jobs data and geopolitics steer rates – TD Securities
TD Securities strategists Robert Both and Emma Lawrence highlight that Canadian rates are opening weaker, with yields tracking US moves…
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US: Services growth seen easing on Iran uncertainty – TD Securities
TD Securities analysts expect US ISM Services to soften in March as geopolitical uncertainty from Iran weighs on sentiment. They…
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BoC: Dovish patience with geopolitical risks – TD Securities
TD Securities analysts characterize the Bank of Canada’s (BoC) March Summary of Deliberations as slightly dovish, consistent with the March…
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