TDS

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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USD: NFP normalization and Fed hold expectations – TD Securities

TD Securities analysts expect the March US labor report to show a normalization in Nonfarm Payrolls (NFP), with headline gains…

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CAD: BoC minutes expected to stay dovish – TD Securities

TD Securities analysts expect the Bank of Canada (BoC) Summary of Deliberations to reiterate a dovish tone, emphasizing Canada’s softer…

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