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Trump says he would be a better Fed chairman than Powell

Trump says he would be a better Fed chairman than Powell

Trump, asked if he would replace Powell, didn't offer a hint and instead responded: "I think I'm better than he would be. I think I'm better than most people in that position." On changing rates, he did concede that he couldn't dictate them: "I don't think I should be...

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Canadian Real Estate Association downgrades 2024 forecast

Canadian Real Estate Association downgrades 2024 forecast

TorontoCREA now expects 468,900 properties to change hands in 2024 That's up 5.2% from 2023But down from July forecast of 6.1% increaseand way down from April forecast of 10.5% increaseAverage home price forecast for 2024: Now expecting 0.9% annual increase to...

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Fed’s Daly set to speak next

Fed’s Daly set to speak next

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,...

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BofA CEO sees ‘solid’ demand from clients

BofA CEO sees ‘solid’ demand from clients

Bank of America CEO Brian Moynihan was on CNBC talking about his bank and the economy. He warned the external shocks could hit the US economy but said that overall demand from clients was 'solid'. He initially started to say 'strong' then corrected himself.He outlined...

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US markets turn lower as NVDA shares fall 5%

US markets turn lower as NVDA shares fall 5%

Profit-taking is hitting the broader US equity market with the S&P 500 down 21 points or 0.3% following yesterday's record high. The signal to sell may have been triggered by Nvidia shares. The company failed to break the June record yesterday and is down more...

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Breakout? Bitcoin rises to the highest since July

Breakout? Bitcoin rises to the highest since July

Bitcoin daily chartBitcoin is showing fresh signs of life as it climbs $1600 to $67,500. That's the best since late-July and breaks a pair of highs in August and September, indicating some growing optimism about crypto and improving risk appetite (the S&P 500 is...

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US stock futures flat ahead of the open

US stock futures flat ahead of the open

SPX dailyCan the bulls do it again?S&P 500 futures are up 4 points today despite the rout in China. There is some help from lower bond yields and the 4% decline in oil prices but overall resilience in equities has been remarkable. For the past week, we've seen a...

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September Empire Fed -11.9 vs +3.85 expected

September Empire Fed -11.9 vs +3.85 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,...

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Canada September CPI 1.6% vs 1.8% expected

Canada September CPI 1.6% vs 1.8% 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,...

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