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<p>Although yields have moved sharply to the downside of late, there still is a watchful eye on the supply of treasuries and the demand for treasuries especially from foreign investors. Concerns that the ever-increasing supply will crowd out other borrowers and lead to higher rates is a concern.</p><p>The U.S. Treasury has announc

<ul><li><a href="https://www.forexlive.com/news/us-sept-wholesale-sales-22-vs-08-expected-20231108/" target="_blank" rel="follow">Prior </a>was +2.2% (revised to +2.0%)</li><li>Inventories -0.4% vs -0.2% expected</li><li>Stock to sales 1.34 months vs 1.33 months prior<

<p>Guyana has 6000 regular military compared to 150,000 in Venezuela so there's little chance that Guyana could stop the annexation of Essequibo.</p><p>However, Exxon owns all the oil offshore in Guyana and there's no chance that the US military doesn't backup Exxon.</p><p>That said, the <a href="

<p>The US stocks are off to a solid start led by the Nasdaq index. However, for the week the major indices are still on track for a decline which would snap a five-week winning streak.</p><p>A snapshot of the market currently shows:</p><ul><li>Dow Jones Industrial Average: The index is at 36,078.09, up 23.65 poin

<p>It takes awhile for declines in used car prices to filter into the CPI but it's coming. In October, used car prices fell 2.3% and they've fallen another 2.1% in November, according to Manheim.</p><p>On a year-over-year basis, prices fell 5.8%.</p><p>“While November’s decline was only slightly less than Oct

<p>The euro has found support and 1.0760 and turned higher with the help of a broader slump in the US dollar. There was no clear catalyst for the move as it came after a relatively in-line weekly US jobless claims report. If anything, the dip in continuing claims might have given the US dollar some […]

<ul><li>Prior week 219K versus 218K previously reported</li><li>initial jobless claims 220K versus 222K estimate</li><li>4-week moving average 220.75K vs 220.25K last week</li><li>Continuing claims 1.861M versus 1.910M estimate</li><li>Prior week 1.925M revised down from 1.927M last week&l

<ul><li><a href="https://www.forexlive.com/news/canada-sept-building-permits-65-vs-16-expected-20231108/" target="_blank" rel="follow">Prior </a>was -6.5% (revised to -8.1%)</li><li>Oct permit value $11.2B vs $11.2B prior</li><li>Residential permits +0.6% vs +4.3% m/m pri

<p>I won't be expecting any fireworks from economic data today but the market will be tuned into initial jobless claims at the bottom of the hour. The consensus is for a 222K reading, up a touch from 218K last week.</p><p>On a higher reading, the market will be tempted to extrapolate that the employment market is […]