China 10 year yields at record lowsChinese equities are in a precarious place. They're cheap but testing the lows of the pop that started in late-September. That could go either way as investors could bid up those companies in part due to the lack of alternatives.I...
Credit Agricole: December FOMC preview – we expect a hawkish cut
Credit Agricole anticipates a 25bp rate cut at the December FOMC meeting, lowering the fed funds target range to 4.25-4.50%. While this is broadly expected, a hawkish tone could emerge, with the Fed signaling slower cuts in 2025 amid resilient economic conditions and...
US treasury sells $13B of 20 year bonds at a high yield of 4.686%
High yield 4.686%WI level at the time of the auction: 4.671%DetailsTail: 1.5 bps vs 6-month average 0.6bpsBid-to-Cover: 2.50X vs 6-month average 2.57xDealers: 17.9% vs 6-month average 13.3%Directs ( a measure of domestic demand): 20.1% vs 6-month average...
Honda and Nissan to begin merger talks
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
The US treasury to auction $13B of 20-year bonds at the top of the hour
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Atlanta Fed GDPNow growth estimate for 4Q dips to 3.1% from 3.3% last
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
The AUDUSD and NZDUSD sellers remain in control. Test support targets
Both the AUDUSD and the NZDUSD are trading lower and in the process testing key support targets. The video above goes through the technicals driving the pairs. Below are the key technical points outlined in the video for each pair. AUDUSD Technical Analysis:The AUDUSD...
European equity close: Four days of declines for the STOXX 600
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Canadian CPI highlights the need for more Bank of Canada rate cuts – CIBC
Call it the Taylor Swift effect.CIBC highlights an unusual jump in concert and hotel prices in Canada in the November CPI report, assuredly due to the pop star's tour through Canada in the month. Though they do wonder if the data could be lagged as the price bumps in...
Nvidia stock price prediction, AI supported
Updated Perspective for NVDA Stock Holders and Potential Buyers.Recent order flow data of NVDA stock suggests that the selling pressure has been more dominant than buying over the last sequence of bars. While there have been occasional positive deltas—indicating brief...
USDCAD is racing higher as the sellers fail, and the buyers continue to trend higher
The USDCAD is breaking to new session highs, moving further away from the mid-April 2020 high at 1.4265 and approaching the early April 2020 peak at 1.4348. Buyers have maintained control since the pair bottomed at 1.3423 during the week of September 21, rallying...
USD/CAD rises to 1.43 for the first time since the height of the pandemic
Canada is in political turmoil but that's hardly the driver of the latest leg lower in the Canadian dollar. If anything, odds are improving for a spring election and that's something the market would smile on.Unfortunately, what's weighing on the Canadian dollar won't...
NAHB December US housing market index 46 vs 47 expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Nvidia trades above and below 100 day MA. Key level at $128.06.
US major indices are lower with the Dow down for the 9th consecutive day. The Nasdaq closed at a record level yesterday but with no help from Nvidia which is now in correction mode after falling more than 10% from its all-time high reached on November 21 at $157.89....
Semiconductor weakness persists: Tech faces challenges as communication stocks rise
Stock heatmap by FinViz.com Tue, 17 Dec 2024 14:46:02 GMTStock Market Snapshot: A Tale of Diverging Fortunes in Tech and CommunicationThe stock market today is a mixed bag, reflecting a complex landscape of gains and losses across sectors. While semiconductor stocks...
We’re back to the ‘cash is trash’ era and that’s a warning sign
Bank of America is out with its latest fund manager survey and it's littered with red flags about a crowded stock market, particularly in US equities.This chart might stand out the most as it indicates that cash allocations are the lowest since January 2002.Combine...
New Zealand GDT dairy price index -2.8%
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US November industrial production -0.1% vs +0.3% expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Canadian population growth slowed +0.4% in Q3
Canadian population growth has been a major reason for the ongoing downfall of Prime Minister Justin Trudeau, though his government is now trying to reverse it.Statistics Canada is out with the Q3 population report and it shows:Quarterly growth of 176,699 people...
Canada November new housing price index +0.1% vs -0.4% prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...