US Open: Futures Rise ahead of Fed Announcement
Stocks on Wall Street look set to open higher as the Evergrande can is kicked down the road and as the Fed announcement is awaited. With expectations of a hint towards tapering, the risk is that the Fed fails to...
Sterling Staying in Selloff Mode, Quiet Markets Await Fed
Trading in the forex markets is rather subdued today, as FOMC policy decision, dot plot and economic projections are awaited. The markets could come back to live if there are some hawkish twists in Fed’s projections. For now, Sterling is...
Jamie Dimon warns it’s possible the Fed could be forced into a sharp move next year
JP Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon has warned investors that the...
USD/CAD Ascending Channel But The Price Is Ranging
The USD/CAD is currently ranging within an ascending channel. We could see a dip then a move up. The POC zone comes around 1.2650 and we could see a move to the upside. However, watch for the FOMC today. If...
Stronger mortgage demand points to September surge in home sales
A sales center sign in front of a new residential community in Lithonia, Georgia, April 26, 2021. Elijah Nouvelage | Bloomberg | Getty Images After a Labor Day week lull, demand for mortgages rose sharply last week from homeowners and...
Here’s why the Evergrande crisis is not China’s ‘Lehman moment’
The Evergrande headquarters is seen in Shenzhen, southeastern China on September 14, 2021, as the Chinese property giant said it is facing “unprecedented difficulties” but denied rumours that it is about to go under. Noel Celis | AFP | Getty...
USD/CAD Uptrend Likely To Continue
On Tuesday, the US Dollar surged by 84 pips or 0.66% against the Canadian Dollar. The currency pair breached the upper line of an ascending channel pattern at 1.2850 during Tuesday’s trading session. As for the near future, the exchange...
Markets Turned Cautious ahead of FOMC, Hawkish Surprise Possible
Markets have turned quiet today as focus is shifted to FOMC policy decisions. While a tapering announcement is highly unlikely, there are still prospects of hawkish surprises in the dot plot and the economic projections. In the currency markets, Sterling...
Trudeau Holds On, Gold Steadies
Canadian Prime Minister Justin Trudeau called an early election in the hope of securing a majority government, but voters didn’t give it to him and instead sent back nearly an identical parliament. The Canadian dollar clawed back ground after the...
The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buying
After Monday’s market turbulence, the Federal Reserve’s challenge will be to sound reassuring while acknowledging it’s preparing to make its first major step away from the easy policies it put in place to fight the pandemic. The Fed will release...
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