Blogs

<p>The question for the Federal Reserve in December wasn't if it would pivot, it was when.</p><p>nce the decision was framed in this way, the rationale for acting sooner rather than later became much clearer.</p><p>Many market participants are currently frustrated because the Fed's dovish shift led to a 15% r

<ul><li><a href="https://www.forexlive.com/news/us-november-nahb-housing-market-index-34-vs-40-expected-20231116/" target="_blank" rel="follow">Prior </a>was 40</li><li>Single family 40 vs 40 prior</li><li>Next six months 45 vs 39 prior</li><li>Traffic of pros

<p>The situation in the Red Sea appears to be growing untenable for global shipping companies. That may result in the US military intervening to keep the critical shipping rout open.</p><p>This is from Javier Blas at Bloomberg:</p><blockquote>The West has two "b" alternatives with the Houthis, which are disru

<p>We're into the 'Santa Claus rally' time of the year, though many might argue it started on November 1 this year. In any case, S&amp;P 500 futures are up 11 point,s or 0.2% just ahead of the open.</p><p>There was dip on Friday but the buyers arrived, including in a pop in the final ten minutes […]

<p>Statistics Canada is out with quarterly job vacancies data and the picture differs strongly from still-robust hiring data. The report shows vacancies fell by 69,900 to 706,100. That's a ongoing decline from the peak of 990,900 in Q2 2022.</p><p>The job vacancy rate fell to 3.9% from 4.3%.</p><p>The chart shows

<ul><li> Inflation is the key spot we've missed on our mandate and that's where we should be focused</li><li>If we get improvement on inflation, back into the range of our dual mandate, then we have more-symmetric concerns</li><li>We don't debate on specific policies for the future, that's not

<ul><li><a href="https://www.forexlive.com/news/canada-sept-new-housing-price-index-02-vs-01-prior-20231024/" target="_blank" rel="follow">Prior </a>was +0.1%</li><li>New home prices -0.9% y/y vs -1.0% y/y prior</li><li>Prices were down or unchanged in 25 of the 27 </l

<p>The highlight of the economic calendar in North American trading today is probably Chicago Fed President Austan Goolsbee, who will be on CNBC at the bottom of the hour. He spoke on Friday so I don't know if there's some material change he can make. </p><p>Here were the headlines from that speech:</p><ul>&l

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<h2>Introduction to Digital Currency Disruption</h2> <p>Digital Currency Disruption: These three words are reshaping the very foundation of global finance. In a world where innovation and technology advance at an unprecedented pace, digital currencies have emerged as a revolutionary force, poised to disrupt traditional forex marke