MY.BLOGTOP10.COM

Markets:CAD leads, USD lagsS&P 500 up 80 points, or 1.9%, to 4318WTI up $2.05 to $82.49 per barrelUS 10-year yields down 12 bps to 4.67%Gold up $2 to $1984There was no hangover as the post-Fed rip continued on Thursday in a big way. The dollar softened in Asia...

Stryker Corp (SYK) Q3 2023: BEATAdj. EPS: $2.46 (BEAT, expected: $2.43)Revenue: $4.90 billion (BEAT, expected: $4.86 billion)Despite the beat shares are trading down $-16.23 or -5.83%Microchip Technology Inc (MCHP) Q2 2024:MISSAdj. EPS: $1.61 (MISS, expected:...

Closing changes:S&P 500 up 1.9%DJIA +1.7%Russell 2000 +2.5%Nasdaq Comp +1.8%Toronto TSX Comp +2.75%There was a small pullback today just ahead of the European close but otherwise, it was one-way traffic and stocks closed right at the highs. I thought we might see...

What's been notable about the market reaction to Gaza headlines this week is that there has been minimal reaction. The ground incursion started on Friday and there was some reaction then, followed by a 'sell the fact' reaction on Monday. Since then, we've seen a bleed...

USDCAD dailyThe Canadian dollar is competing with the kiwi for the top spot in G10 FX today as risk trades surge and the US dollar sinks. USD/CAD is down 106 pips to 1.3747, which is the lowest in a week.The price action in November so far is a mirror image of...

nonfarm payrollsThe bond market and US dollar backed off in a big way ahead Friday's 8:30 am ET release of non-farm payrolls but that could unwind in a big way on a strong report. Let's have a look at the numbers.Consensus estimate +180K (range +125 to +285K)Private...

CNN reports that the US intelligence community believes that Iran and its proxies are calibrating their response to Gaza to avoid direct conflict with the US and Israel.“This is a very fine line to walk,” Christy Abizaid, the director of the National Counterterrorism...

SPX dailyThe mood in markets continues to improve with the S&P 500 now up 70 points, or 1.6%.Meanwhile, the US dollar is still some distance from its lows. The exception is USD/CAD, which is now down 94 pips as oil prices hit a high for the day, up $2. MoneyMaker...

Need to set conditions for durable, sustainable peace for Palestinians and IsraelisWill be talking about concrete steps to minimize harm to men, women and children in GazaDemocracies have responsibility to protect civiliansExports more aid trucks in coming daysIt's...

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,...

I don't envy Kazuo Ueda.The Bank of Japan governor faces the task of unwinding the world's most-aggressive policy of QE and ultra-easy rates in the world's most-indebted country.He took a small step towards less-aggressive policy on Tuesday and that has helped to prop...

Short-dated yields have bounced and helped to lift the US dollar off the lows across the board. That hasn't inspired any slowdown in equities though, with the S&P 500 near a session high, up 1.5%. Many of the heavily-shorted names are leading with way, with...

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,...

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,...

Target CEO Brian Cornell was on CNBC today and offered up a cautious outlook for Q4.He warned that sales of discretionary items have been falling for a number of quarters and that the trend may be worsening.“Even in food and beverage categories, over the last few...

The post-FOMC rally is set to continue in the US stock market today. S&P 500 futures are up 0.8% and Nasdaq futures up 1.25%.The bond market is driving the price action with US 10-year yields down 14.7 bps to 4.64% -- a long way from the 5% touched last week. The...

It's headlines like this that are suddenly everywhere and they certainly capture the market mood today.US 10-year yields are down 15.5 bps to 4.636% today, which is certainly a long ways off from 5% just over a week ago.US 10 year yields dailyThe drop in Treasury...