Open Demo Account
Open Live Account
Login To Account
Durable Goods Orders are an important barometer for US consumption, which constitutes roughly 70% of GDP. Typically, consumers hold off on buying durable goods during poor economy conditions; thus, improved orders suggest confidence among American consumers with respect to their future financial security. The preliminary August print is expected to show an increase of +1.0% over the prior month after the -6.8% decline in July.Read More
The US Dollar is easing off for the second consecutive day following the September FOMC meeting as it appears that the rebound in rate expectations has hit a ceiling. Ahead of the Wednesday policy conference, Fed funds futures were pricing in approximately a 45% chance of a 25-bps rate hike by December; immediately after the meeting through early yesterday morning, the odds had risen to near 65%; and today, they've fallen back to near 60%.Read More
In what’s already been a rather eventful week across global markets, we have two more high-impact drivers to get through ahead of the weekend with Canadian CPI and a pivotal speech from British PM, Theresa May. But next week is loaded with high-impact prints, and there’s a heavy emphasis of U.S. data with significant releases offered every day Tuesday-Friday. Read More
Another uptick in Canada’s Consumer Price Index (CPI) may rattle the near-term rebound in USD/CAD as it puts pressure on the Bank of Canada (BoC) to deliver another rate-hike over the coming months. The BoC may continue to implement higher borrowing-costs as ‘the level of GDP is now higher than the Bank had expected,’ and Governor Stephen Poloz and Co.
.Read More
Earlier in the week we made note of the breakdown below key channel support in precious metals, highlighting that it signaled more weakness ahead. We’ll start out by looking at silver and then move onto to its big sibling, gold.Read More
Yesterday brought a widely-awaited Federal Reserve rate decision, and at that meeting the bank announced that balance sheet reduction would begin in October. This wasn’t really a surprise, as the Fed has been talking about this since March. Read More
Effectively 'quantitative tightening,' the balance sheet unwind will be the withdrawal of stimulus from the US economy. Given the underlying instruments - Treasuries and agency mortgage-backed securities - it would appear that a balance sheet unwind announcement should help buoy long-end US yields.Read More
The Federal Open Market Committee (FOMC) is widely anticipated to keep the benchmark interest rate on hold in September, but the fresh forecasts from Chair Janet Yellen and Co. may heavily influence the near-term outlook for the dollar as market participants gauge the timing of the next rate-hike.Read More
Today at 2PM marks the release of the Federal Reserve’s rate decision for September, and at 2:30 the press conference will begin with Janet Yellen first issuing a statement, then taking questions from the press. The big expectation for today is the announcement of the start of balance sheet reduction at the Fed. This has been somewhat of the elephant in the room of global markets for some time now. Read More
Gold prices corrected a bit higher after yesterday’s aggressive selloff as markets set sights on the FOMC monetary policy announcement. The start of a modest “quantitative tightening” program seems all-but-certain at this point, with updated projections for the Fed interest rate hike path this year and through 2019 likely to be most market-moving.Read More
Apply For Live Account 
Login To Account