Mark Zandi is chief economist at Moody's Analytics.On the reasons for steeply rising interest rates he cites:strong economyhigher tariffs, immigrant deportations, and deficit if Trump elected***Given the super-heated pre-election environment in the US Zandi has come...
ICYMI – Japan economy minister Akazawa warned on impacts of a weak yen
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,...
Chair Schlegel – Swiss National Bank could cut interest rates further in coming quarters
Swiss National Bank Chairman Martin Schlegel spoke on Tuesday:"In the coming quarters, further interest rate reductions could be needed to maintain price stability in the mid-term""The good news is that our inflation forecasts show inflation in the area of price...
MUFG says US dollar to rise if Trump wins, but much of it priced in already
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,...
Private survey of oil inventories shows surprise headline draw
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,...
Forexlive Americas FX news wrap: US job openings take a surprise fall
Markets:Gold up $30 to $2772US 10-year yields down 1.4 bps to 2.26%WTI crude oil down 13-cents to $67.25Bitcoin up 4%, nears recordS&P 500 up 0.2%GBP leads, AUD lagsThe early US session maintained some of the recent themes with Treasury yields climbing to new...
Bank of Canada Governor Macklem says beginning to see the impact of recent rate cuts
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,...
Alphabet beats: EPS 2000 $2.12 versus $1.84. Rev $88.27 billion versus $86.31 billion
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,...
NASDAQ index closes at a new record level
The major US stock indices are closing with mixed results. However, the NASDAQ index is closing at a new all-time record high. It is closing above the high from July at 18647.45.The gains as AMD and Alphabet report after the close.The final numbers are showing:Dow...
Economic calendar in Asia 30 October 2024 – Australian inflation data
The quarterly CPI data is viewed as the official inflation rate. The monthly reading is a stopgap, used as an incomplete guide. The headline y/y is expected to dip slightly under the upper end of the 2 to 3% Reserve Bank of Australia target band. There are plenty of...
Trade ideas thread – Wednesday, 30 October, insightful charts, technical analysis, ideas
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 USDCAD stretches toward the highs for the year and toward highs going back to 2022.
The USDCAD has been stretching higher and is extending closer to the high price from 2024 at 1.39458. Move above that level and traders would target the 2022 high at 1.3970. Get above that level and the pair is trading at the highest level going back to 2020.In this...
BOC’s Macklem: We anticipate cutting further if economy follows our forecasts
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,...
Bitcoin and gold could hit all-time highs on the same day
Gold hit a fresh record at $2775 earlier today in a series of record highs this year.Bitcoin may finally be joining the party as it tests the March high of $73,803. The high so far is less than $300 from that level, though it should provide tough resistance.Bitcoin is...
Bitcoin now above $73,000
The price of bitcoin is now trading above $73,000. The high price just reached $73,099 which is the highest level going back to March 14. The all-time record intraday high price reached $73,794. The high closing level is at $73,121.Catalyst for the rise: A Trump...
Nasdaq rises to the best levels of the day as we count down to earnings from Alphabet
The Nasdaq is putting on a brave face as we count down to some major earnings releases. The index is at the highs of the day, up 0.8% on strength from chipmakers and Meta.Another solid gainer is Alphabet as it rises 1.9% to the highest since August 1 as it gets set to...
China stimulus report has the right number but the details are all wrong
The market has been patiently waiting for news on Chinese fiscal stimulus after the finance ministry hinted it was coming following a range of moves to boost financial markets.Today in a report from Reuters, we got a strong sense of what's coming. The report says that...
How can the U.S. government debt bubble be solved?
If people cared about the environment as much as U.S. debt, we might have hit net zero emissions by now. But why think about the planet when it’s easier to predict the collapse of the world’s biggest economy?Every week or so, someone expresses deep concern about...
Video: Why the Canadian dollar will continue to struggle
USDCAD monthlyWith two trading days left in October, USD/CAD has a shot at breaking the monthly closing highs in 2016 and 2020. Much of that will depend on key US economic data on Wednesday and Thursday but even if the loonie hangs on, the outlook is worsening in part...
US treasury auctions off $44 billion a 7-year notes at a high yield of 4.215%
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,...