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<p>The US stock indices are higher with NASDAQ leading the way. That index is currently up 80 points or 0.55% at 14842. The high for the day reached 14848. Yesterday's high price reached 14855 which was the highest level going back to January 2022. The market price is still some 9% away from it's all-time […]

<ul><li>2024 US GDP forecast unchanged at 1.5%</li><li>2025 GDP seen at 2.2% vs 2.4% prior</li><li>2023 core PCE seen at 3.4% vs 4.1% in July forecast</li><li>2024 core PCE seen at 2.4% (same as FOMC forecast)</li></ul><p>Lower inflation, higher growth, what's not to like?</p

<p>The Nasdaq Composite has extended its gain to 0.5%.</p><p>There was some selling on the heels of the comments from Williams and the S&amp;P Global services PMI was also a touch hot but it hasn't left a lasting impact. Treasury yields are near the lows of the day, particularly at the long end.</p><p>In respo

<p>The USDCAD bottomed near a key swing area target at 1.3370 – 1.33776 (see red numbered circles on the chart below). The low prices reached 1.33725 and bounced. The move to the upside has reached 1.3402. That level is near the broken 61.8% retracement of the move up from the July low at 1.33999 (call […]

<p>I'm surprised the US hasn't responded to these shipping attacks but it's probably only a matter of time.</p> This article was written by Adam Button at www.forexlive.com.

<ul><li><a href="https://www.forexlive.com/news/us-september-sp-global-flash-services-pmi-509-vs-498-expected-20231024/" target="_blank" rel="follow">Prior </a>was 49.4</li><li>Manufacturing 48.2 vs 49.3 expected (prior 49.8)</li><li>Composite index 51.0 vs 50.7 prior<

Endless food offerings await… If you love food and want to be spoilt for choice, you need to head to the much-loved e& Beach Canteen. But you need to be quick about it, as it closes this weekend. The canteen is a part of the Dubai Food Festival and you can find the fun food […] The post Last chance: e& Beach Canteen closes this weekend appe

<p>The major US stock indices are trading mixed at the open:</p><ul><li>Dow Industrial Average is trading down -59 points or -0.16% at 37189.2 to</li><li>S&amp;P index down -9.45 points or -0.20% at 4710.09</li><li>Nasdaq index is trading up 35.22 points or 0.24% at 14796.78</li></ul>&

<p>New York NY Fed Pres. Williams poured cold water on the euphoria for rates a bit when he said the Fed is focused on getting inflation down and pooh-poohed the market reaction after the FOMC rate decision and press conference from Fed Chair Powell. Rates have moved higher with the 2-year yield now up 4.2 […]

Oil prices rally for a third day in a row,, fueled by the outcome of Wednesday’s US Federal Reserve meeting and Chairman Jerome Powell’s dovish remarks.  The Fed has confirmed to markets that rate cuts are coming in 2024