Trump says GDP would be near 4% and the Dow could be 10,000 points higher if it weren’t for the Fed
President Donald Trump told CNBC on Wednesday that U.S. economic growth would have been closer to 4% if it weren’t for the lingering effect of Federal Reserve rate hikes. “That was a big blip that should not have taken place. It...
BoC Keeps Rate Cut Prospects Alive
Overnight rate held at 1.75% for a 15th straight month Near-term growth projections revised lower Dovish policy statement sends loonie lower After a neutral speech from Governor Poloz just two weeks ago, the Bank of Canada sounded decidedly more dovish...
Trump says he ‘could get used to’ negative interest rates as he knocks the Fed: ‘Love that’
President Donald Trump on Tuesday spoke glowingly of negative interest rates and took another shot at the Federal Reserve to a global audience. “Even now as the United States is by far the strongest economic power in the world, it’s...
US 30 Index Consolidates; Remains Cautiously Positive
The Wall Street 30 stock index’s (cash) positive directional momentum appears to have weakened as it has eased slightly from the new all-time-high of 29,401. The index looks to be a bit flat – something also backed by the Ichimoku...
Sterling Surges on Record Improvement in Business Optimism, Traders Pare BoE Cut Bets
Sterling jumps broadly today as traders pare back bet on an imminent rate cut by BoE next week. Record improvement in quarterly business optimism is seen as a trigger for the sharp change in expectations. Canadian Dollar attempts to rally...
This one stock will signal whether the coronavirus situation is getting serious
InterContinental Hotel in Toronto, Ontario, Canada. Roberto Machado Noa | LightRocket | Getty Images If investors want their finger on the pulse of the coronavirus threat, they can look no further than InterContinental Hotels Group. The London-based hotel chain is...
Dollar Index Futures May Lengthen Bearish Trend
US dollar index futures are exposed to downside risks as regards the market trend. The first clue is the lower high and the lower lows registered below the 2 ½-year peak of 99.30 and second is the death cross created...
Canadian Dollar Mixed Awaiting BoC and CPI, Dollar Firmer
Yen and Swiss Franc turn mildly softer today as risk aversions receded. Asian stocks recover generally even though upside is limited. Traders remain cautious on coronavirus outbreak in China, which has already spread to the US. Sterling, Euro and Dollar...
Coronavirus Spreads To The US
Market movers today Focus in the short term will continue to be on the coronavirus in China and how fast it is spreading. Otherwise markets await the central bank meetings at Norges Bank and the ECB tomorrow. On the data...
AUD/JPY May Be Ready For Next Leg Lower
Later, markets will get their first look at how Australian consumers feel about the US-China trade deal. What is good for China is good for Australia as the economies are inherently tied through China’s demand for Australian goods. The Westpac...