BoC might raise rates by 50bps in September. Canada’s inflation is showing signs of peaking. Falling commodity prices are hurting Canada’s economy. The Canadian dollar remains under pressure amid a stronger greenback. This year, the BoC has already increased rates four times. To combat four decades of excessive inflation, it most recently raised the benchmark Read More…
Fed Minutes leave markets unchanged ES trading near the long-term trend line Pullback entries giving positive results on lower time frames Yesterday, August 17, the Fed released its meeting minutes which has left most indices unchanged for the most part. ES futures are approaching the upper trend line, which has held since the start of Read More…
US crude stocks fell by 7.1 mln barrels in the past week. Russia to boost oil output in the wake of strong Asian demand. The market anticipates Iran’s response regarding its Nuclear proposal After reaching a six-month low, crude oil prices increased on Wednesday by approximately 1.5% as concerns over rising Russian output and exports Read More…
Corporate America reports better-than-expected earnings, boosting stock prices. Markets are pricing a lower Federal Reserve target rate. Investors are neutral, pending the FOMC meeting minutes. Tuesday saw a slight decline in US stocks due to slightly downbeat Walmart and Home Depot reports. Meanwhile, investors are cautious due to signals of a weakening global economy. The Read More…
Investors are optimistic that the Fed will achieve its inflation target without hurting the economy. Prices are climbing as investors await retail earnings from the US. Markets barely reacted to China’s poor economic data. The E-mini S&P 500 (ES) futures went up as mega-cap growth shares extended the market’s recent rally amid investor optimism that Read More…
Investors keen on the Fed minutes on Wednesday at 13:00 CT The E-mini Nasdaq (NQ) futures is up 23% from the June 16 lows Bulls seem to be in control, with $14, 200 as the target Since the Nasdaq made its lows on June 16th, we have seen a strong move to the upside with Read More…
