The BOC and The Canadian Dollar
The Bank of Canada meets tomorrow and must decide whether they need to cut rates or leave them unchanged at 1.75%. The market is expecting the BOC to leave rates unchanged, as inflation is hovering near 2.0% and GDP has...
US Stocks Highs, UK December Elections
The S&P 500 hit a record on Monday as commentary from executives so far points to a modest economy but not a recession. The pound regains the 1.2890s after UK Labour leader Corbyn announced his party’s backing for a December...
Pending home sales rise 1.5% in September, thanks to lower mortgage rates
A realtor holds an open house in Somerville, MA. Pat Greenhouse | The Boston Globe | Getty Images Pending home sales, which are measured by signed contracts to buy existing homes, rose 1.5% in September compared with August, according to...
US consumer confidence dips in October, misses expectations
A woman shops at a Walmart Supercenter store in Rosemead, California. Frederic J. Brown | AFP | Getty Images U.S. consumer confidence dipped slightly in October as worries over business conditions and employment prospects ticked up, according to data from...
Yen Mixed as Risk Appetite Fades, Europeans Soft on UK Election
Australian Dollar remains the strongest one for today as boosted by optimism over US-China trade deal. But the markets are relatively mixed elsewhere. Yen couldn’t decide what to do as risk appetite fades in European session, while US stocks also...
Home price gains heat up in August but lag in major markets: S&P Case-Shiller index says
Daniel Acker | Bloomberg | Getty Images Home prices are heating up again on a national level, but some of the largest cities are lagging. That may be due to already overheated prices in those cities as well as new...
Beyond Meat shares plunge 20% despite solid results as insiders rush for the exits
Ethan Brown, founder and chief executive officer of Beyond Meat Inc., speaks during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, May 2, 2019. Michael Nagle | Bloomberg | Getty Images Wall...
HKD/JPY 1H Chart: Rising Wedge Pattern In Sight
The Hong Kong Dollar has been appreciating against the Japanese Yen since the beginning of September. This movement has been bounded in the rising wedge pattern. As apparent on the chart, the HKD/JPY exchange rate has been trying to breach...
Fed to cut rates again, but other economic concerns are emerging ahead of election: CNBC survey
Even while the stock market breaks out to new records, the CNBC Fed Survey finds elevated concerns over recession, growing divisions about the outlook for monetary policy and worries about the economic policies of both President Donald Trump and Democratic...
Aussie Surges on US-China Trade Optimism, Yen Broadly Lower
Australian and New Zealand Dollar rise broadly on optimism that US and China are “ahead of schedule” in completing the phase one trade deal. Dollar and Canadian are not too far away but buying is relatively refrained ahead of Fed...
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