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,...
US equity close: Nasdaq down for the fourth day
Nasdaq CompClosing changes:S&P 500 down 0.4%DJIA +0.2%Russell 2000 -0.9%Nasdaq Comp -0.9%Toronto TSX Comp -0.5%Intel and United Health helped to fuel a gain in the Dow despite 2.9% drop in Apple. Broader tech struggled but did finish well above the lows.MoneyMaker...
Fed’s Williams: Labor market balances are evening out
There's still more data to come before next FOMC meetingInflation is far too high but moving downPolicy is in a good place, is data dependentWe are seeing movement in the right direction for the economyIt's an open question is mon pol is restrictive enoughThe latest...
Macklem Q&A: Maybe we don’t need to do more, maybe we do’ on interest rates
> Central Banks > Macklem Q&A: Maybe we don't need to do more, maybe we do' on interest rates Central Banks Macklem takes audience questions <!--> --> Adam Button Thursday, 07/09/2023 | 18:40 GMT-0 07/09/2023 | 18:40 GMT-0 <!--> --> We will...
WTI crude oil ends 9-day winning streak, settles 67-cents lower
oil dailyNo even a surprisingly large draw in US crude oil inventories could combat the inevitable profit taking of a nine-day rally in oil. WTI crude settled lower by 67-cents to $86.87 per barrel.There's a technical case to retest the old range top at $84-85 before...
BOC’s Macklem: We are concerned that progress in bringing down inflation has slowed
We are prepared to raise rates again but don't want to raise rates than we have toThe longer we wait, the harder it is likely to be to reduce inflationMon pol might not be restrictive enough to restore price stabilityBank is concerned that larger-than-normal price...
Canadian dollar falls to the lowest since March ahead of Macklem speech
Yesterday the Bank of Canada left rates unchanged at 5.00% but the market isn't sure they're done. The October meeting is priced at a 13% chance of a hike and that rises to about 30% for the Dec 6 meeting.The BOC statement maintained a hawkish bias, saying:The...
Senate votes to confirm Adriana Kugler as Federal Reserve Governor
Adriana KuglerThe latest member of the Federal Reserve's board of governors is Adriana Kugler, a 53-year-old Colombian-American. She was a professor of public policy at Georgetown University's McCourt School of Public Policy and formerly chief economist at the...
UAW calls GM proposal ‘insulting’ again treatens Sept 15 strike
UAW President Shawn Fain released the following statement: "After refusing to bargain in good faith for the past six weeks, only after having federal labor board charges filed against them, GM has come to the table with an insulting proposal that doesn't come close to...
DIS stock is now perilously close to the COVID low. What’s next for Disney?
DIS stock dailyShares of Disney are down another 1.5% today and are now perilously close to the COVID intraday low of $79.07, set on March 17, 2020 when Disney theme parks were shut down and and the world was in full panic about a devastating pandemic and economic...
European equity close: DAX slides again but closes above the lows
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,...
US weekly EIA crude oil inventories -6307K vs -2064K expected
Oil dailyPrior crude -10584KGasoline -2666K vs -950K expectedDistillates +679K vs +239K expectedRefinery utilization -0.2% vs +0.1% expectedProduction estimate 12.8 mbpd vs 12.8 mbpd priorImpld mogas demand: 9.32 mbpd vs 9.07 mbpd priorCrude was flat ahead of the data...
Walmart tweaks pay structure for some new hires
The WSJ reports that Walmart has tweaked its pay structure so some new hires get less.Under the new structure most new hires will make the lowest possible hourly wage for that store. In the past, some new hires, such as those who collect items for online orders, would...
US weekly natural gas inventories +33 bcf vs +43 bcf 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,...
No comments from Harker on the economic outlook
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 August Ivey PMI 53.5 vs 48.6 prior
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,...
US turns positive ahead of US weekly oil inventories. Could be 10th day in a row of gains
WTI crude oil dailyI think it's settling into the market that there's more oil in the world that's being consumed than produced, somewhere in the neighbourhood of 2 million barrels per day. There are huge inventories of oil in the world but if the Saudis and Russians...
US equity futures fall further after strong initial jobless claims data
I want to highlight reecnt comments from the CEOs of Mastercard and Visa. Mastercard:"The consumer has been outperforming expectations. Obviously, our business is a good indicator of what the consumer is doing. We've more data than probably many others. So what we are...
US weekly initial jobless claims 216K vs 234K 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,...
Tickmill Launches its own Social Trading Platform: Tickmill Social Trading
Tickmill announced the launch of its latest product: Tickmill Social Trading. The platform is set to further help successful and regular traders, and IBs to explore new earning opportunities. The platform allows successful traders to share their own strategies with...