Powell checks the calendar (AI image)This week ahead includes CPI and PPI and with some notable Treasury auctions. The Fed goes into blackout at midnight on Friday so it will be considerably quieter on that front. The FOMC decision is December 18.Here’s a day-by-day...
Canadian employment headline strength masks weakness underneath. Expect 50 bps – CIBC
CIBC is out with a review of today's Canadian jobs report:Despite strong headline job numbers, the underlying details were mostly negativeThey cite: Largely public sector job gains, highest unemployment rate since 2016, wage growth lowest since June 2023The weakening...
Fed’s Daly: The labor market remains in a good place, is balanced
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Fed’s Goolsbee: Hope the Fed will get the to range of neutral by the end of 2025
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Bitcoin busts back above $100,000
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Hammack Q&A: ‘Really focused’ on getting inflation back to target
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Fed’s Hammack: We are ‘at or near’ the time to slow rate cuts
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MUFG Trade Of The Week: We go long USD/CAD
USDCAD weekly chartMUFG Research added a long USD/CAD position to its ToTW portfolio targeting a move towards 1.4550, with a stop at 1.3850."We are recommending a new long USD/CAD trade idea. We still see room for the CAD to weaken further against the USD heading into...
European equity close: German DAX flat today but up 3.8% on the week
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Fed’s Goolsbee: On average it feels like the jobs market cooling from a very hot level
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US dollar rebounds after non-farm payrolls. What’s driving it
The US dollar has recouped the non-farm payrolls declines and -- in most cases -- even more.EUR/USD is down to 1.0560 from a high of 1.0630.EUR/USD 10 minsI think -- or at least hope -- that most of this is on a deeper dive into non-farm payrolls. You essentially have...
UMich December prelim consumer sentiment 74.0 vs 73.0 expected
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Tech sector powers up: Tesla and Microsoft lead the charge
Stock heatmap by FinViz.com Fri, 06 Dec 2024 14:46:08 GMTSector Overview: A Mixed Bag with Tech Taking the LeadThe US stock market today presents a dynamic picture, highlighted by notable movements across various sectors. The technology sector shines, driven by gains...
USD/CAD rises above 1.41 as a jumbo Bank of Canada rate cut nears
The headline Canadian jobs gain was a positive surprise today but digging into the details tells a different story. Virtually all the job gains were in government jobs and the unemployment rate rose to 6.8% from 6.6% in another jump in population estimates.Canada...
Fed’s Bowman says she does not take a dissenting vote on policy lightly
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US stocks set to open higher after non-farm payrolls
Spoos after the jobs reportS&P 500 futures are up 8 points, or 0.1% ahead of the open. The larger move is in Russell 2000 futures, which are up 0.8%.The gains come after non-farm payrolls beat estimates slightly but saw the unemployment rate rise. That's enough to...
US dollar stumbles as unemployment rate falls and the market leans to a December rate cut
The US dollar fell to the lows of the day immediately after the November non-farm payrolls report.The headline jobs gain was slightly better than expected at +227K compared to +200K and there was an upward revisions to the past two months of data but the market...
US November non-farm payrolls +227K vs +200K expected
nonfarm payrollsPrior was +12KTwo-month net revision: +56K vs -112K Unemployment rate: 4.2% vs 4.2% expected (though some wires had the consensus at 4.1%)Unrounded unemployment rate: 4.215% vs 4.145% priorParticipation rate: 62.5% vs 62.6% priorPrivate payrolls +194K...
Canada November employment change +50.5K vs +25.0K 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,...
This recent study shows where some of the big fish are taking some of their money
🌟 Big Money Moves: What It Means for You 🌟Sovereign and public funds managing a staggering $6.5 trillion are making bold investment moves! 🤑 Here's what's happening:🌍 Emerging Markets in Focus: These funds are pouring money into rapidly growing markets like India,...