AI imageThe question for the Federal Reserve in December wasn't if it would pivot, it was when.nce the decision was framed in this way, the rationale for acting sooner rather than later became much clearer.Many market participants are currently frustrated because the...
US December NAHB housing market index 37 vs 36 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,...
Oil climbs $2 with eyes on the Red sea
The situation in the Red Sea appears to be growing untenable for global shipping companies. That may result in the US military intervening to keep the critical shipping rout open.This is from Javier Blas at Bloomberg:The West has two "b" alternatives with the Houthis,...
S&P 500 climbs 0.3% at the open
We're into the 'Santa Claus rally' time of the year, though many might argue it started on November 1 this year. In any case, S&P 500 futures are up 11 point,s or 0.2% just ahead of the open.There was dip on Friday but the buyers arrived, including in a pop in the...
Q3 Canadian job vacancies fell 9%
Statistics Canada is out with quarterly job vacancies data and the picture differs strongly from still-robust hiring data. The report shows vacancies fell by 69,900 to 706,100. That's a ongoing decline from the peak of 990,900 in Q2 2022.The job vacancy rate fell to...
Fed’s Goolsbee: We’ve seen significant improvement on inflation
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,...
Canada October new housing price index -0.2% vs -0.1% expected
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Goolsbee and housing data highlights a light economic calendar
The highlight of the economic calendar in North American trading today is probably Chicago Fed President Austan Goolsbee, who will be on CNBC at the bottom of the hour. He spoke on Friday so I don't know if there's some material change he can make. Here were the...
ForexLive European FX news wrap: Dollar mixed, more central bank pushback
Headlines:Markets:AUD and NZD lead, JPY lags on the dayEuropean equities lower; S&P 500 futures up 0.2%US 10-year yields down 2.1 bps to 3.907%Gold up 0.2% to $2,023.54WTI crude up 0.9% to $72.09Bitcoin down 3.2% to $40,890It was a quiet session for the most part,...
ECB’s Kazimir: Inflation optimism not enough to declare victory and move on to next stage
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China and Russia says will continue to deepen, expand pragmatic cooperation
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Fed’s Mester: Markets are ‘a little bit ahead’ of central banks on rate cuts
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BOE’s Broadbent: Policy reaction to shocks likely to be delayed than in a perfect world
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Dollar a little more mixed in quiet trading so far today
It's been a quiet start to the week and not too surprising as markets are looking to wind down for the year already. The dollar benefited from NY Fed president Williams' comments late on Friday, but is seen trading more mixed and mostly little changed today. USD/JPY...
Macy’s Stock Skyrocketed on Buyout News. Keep an Eye on One Key Moment
Macy's shares surged approximately 20% following the announcement of a $5.8 billion takeover bid. This suggests Macy’s might become a private company, with its shares being acquired at a 32% premium to the $16 price. However, some analysts advise against hasty...
Market Outlook for the Week of 18-22 December
Last week was full of economic events, but as we approach the Winter holidays, activity is winding down and we'll get fewer notable data prints.On Tuesday, Australia will release the Monetary Policy Meeting Minutes, Japan will get the BoJ monetary policy announcement,...
Market Recap: Focal BoJ ahead & the very last key US data
Markets are starting to wind down for the year. The four major central banks, the FOMC, ECB, BoE, and SNB all left policy rates unchanged, and most dialed back their hawkish biases. But while officials tried to push back and say that early rate cuts are not on the...
ECB’s Vasle: Market pricing for rate cuts is excessive
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Germany December Ifo business climate index 86.4 vs 87.8 expected
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SNB total sight deposits w.e. 15 December CHF 462.6 bn vs CHF 471.7 bn prior
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