Category Finance

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BofA advises against reacting to any initial hawkish market responses following the September FOMC meeting. They anticipate a 25bps rate cut and expect the Fed’s dot plot to exceed market expectations, but expect Powell’s tone to remain dovish. Key Points: Market Uncertainty: High Uncertainty: The market is highly…

The ECB cut rates last week but the market sees them holding steady in October with just a 28% implied probability of a cut. I think that would be a mistake. This article was written by Adam Button at www.forexlive.com.

The days of high yielding safe investments may be over for a generation. Jamie Dimon is continuing to warn about inflation but the bond market has moved on. Breakeven rates are below 2%, implying that the Fed is more likely to undershoot its target and nominal rates continue…

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The Canadian housing market is not looking healthy, particularly the Toronto condo market. The government is reacting with finance minister Chrystia Freeland extending 30-year loan amortization to all first-time home buyers and buyers of newly-built homes, all with CMHC insurance. Canada has gone back-and-forth on 30-year mortgages since…

The last two trading days in the NZDUSD have developed a pattern. That pattern is to ping-pong between the 100-bar moving average on a 4-hour chart on the topside (currently at 0.61967), and the 100-hour moving average on the downside at 0.61565. In between sits the 200-hour moving…

We’ve seen this pattern a few times recently: Positioning data released late on Friday shows extremely negative positioning in oil and on Monday there is a squeeze higher. Unfortunately, the gains haven’t lasted, at least not recently. There are already signs of that with WTI rising as high…