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Nasdaq Composite dailyA stronger US retail sales report isn't the great news that markets wanted as it pushed Treasury yields higher across the curve and re-raised the possibility that the Fed isn't done or will have to hold rates higher for longer.In turn, equity...

The major US stock indices are moving lower led by the NASDAQ index which is trading down over 1.1%. Showing the expected retail sales (and industrial production) are sending yields higher. With the Fed decision upcoming on November 1, concerns that the Fed may go...

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,...

Bank of America is facing a mountain of unrealized losses on its hold-to-maturity portfolio but its quarterly numbers were good today. Shares of BAC are up 1.7% in the pre-market.For us, what's more important is the broader economy and Bank of America has an...

The United States plans to update rules related to semiconductors and chipmaking equipment exports, with updates expected to occur at least annually, according to the Commerce Secretary. These updates will affect exports of chips to foreign units of companies...

As the old saying goes: Never underestimate the spending power of the US consumer.The US dollar is at the highs of the day on most fronts after a strong September retail sales report. Headline sales rose 0.7% compared to 0.3% expected and the closely-watched control...

Prior was 0.6% revised to 0.8%Details:Retail sales MoM 0.7% versus 0.3% expectedEx-autos 0.6% versus 0.2% expected. Prior ex-autos 0.6% revised to 0.9%Control group 0.6% versus 0.0% expected.Prior control group 0.1% (revised to 0.2%)Retail sales ex gas and autos 0.6%...

Prior month 4.0%CPI MoM -0.1% versus 0.1% expectedPrior MoM 0.4%Core measures:BOC core YoY 2.8% versus 3.3% last monthBOC core MoM -0.1% versus 0.1% last monthCPI median 3.8% versus 4.1% last month CPI trim 3.7% versus 3.9% last monthCPI common 4.4% versus 4.8% last...

A pair of top-tier economic indicators are coming up at the bottom of the hour with the US releasing retail sales and Canada releasing CPI. Both reports are for September.For the US, the data on retail sales will be one of the first places where weakness shows up if a...

Headlines:Markets:AUD leads, NZD lags on the dayEuropean equities lower; S&P 500 futures down 0.3%US 10-year yields up 5.5 bps to 4.765%Gold up 0.3% to $1,924.37WTI crude up 0.1% to $86.79Bitcoin up 0.2% to $28,470With US president Biden only arriving in Israel on...

S&P 500 futuresAs yields are holding higher so far on the day, we are seeing equities slip a little further as the focus turns towards US trading later. S&P 500 futures are down 0.3% while European indices are down by 0.2% to 0.4% mostly at the moment. The...

USD/JPY 5 mins chartFrom my broker, USD/JPY caught a whipsaw lower to 148.72 before reversing that move to steady around 149.40 levels again now. The reaction is to the headlines here. It's a bit of a sensitive one but it just confirms what we already should know...

Prior -79.4Outlook -1.1 vs -9.3 expectedPrior -11.4The good news here is that the economic sentiment i.e. outlook reading is seeing a significant improvement, beating estimates and that points to some further optimism in the months ahead. That being said, the current...

It is being reported that Beijing has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates. Adding that they will set up an emergency liquidity tool with the banks and that the interest rates on the...