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<p><img width="558" height="307" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-usa4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p> <p>US ISM Manufacturing

<p><img width="531" height="325" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-canada1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p> <p>Canada&#8217;s employment grew 24.9k in Nove

<p><img width="612" height="406" src="https://www.actionforex.com/wp-content/uploads/2022/02/f-cad96.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/

<ul><li><a href="https://www.forexlive.com/centralbank/powell-fomc-is-moving-forward-carefully-as-risks-around-rates-becoming-more-balanced-20231201/">Powell: FOMC is 'moving forward carefully' as risks around rates becoming more balanced</a></li><li><a href="https://www.forexlive.com/

<p>Closing changes:</p><ul><li>S&amp;P 500 +0.6%</li><li>DJIA +0.8%</li><li>Nasdaq Comp +0.6%</li><li>Russell 2000 +2.9%</li><li>Toronto TSX Comp +1.0%</li></ul><p>This is the fifth straight week of gains, sentiment <a href="https://www.forexlive.c

<p>It's a buy-everything market today, with one big exception.</p><p>Oil fell sharply today in the past two hours. The catalyst: US oil drilling rigs rose by 5 in the latest Baker Hughes weekly count. OPEC+ now has around 5 million barrels per day of spare capacity and there's no sign yet of US production growth falling

<p>This has gotten out of hand — The rate cut pricing just won't stop.</p><p>US 2s are down 15.6 bps to 4.55% and Fed funds futures are pricing in 132 bps of cuts next year. Pricing for the first cut on March 20 is now at 73%.</p><p>It's tough to square this with a series of Fed […]

<p>This is the moment of truth for gold. I like the setup here, as I always do on December seasonals. In addition, the Fed is going to pivot dovishly and the dollar looks out-of-gas.</p><p>Gold is now up $35 on the day at $2071. I don't get the sense that gold is crowded even as it […]

<p>The latest tracker from the Atlanta Fed fits into the market's narrative of falling growth. The problem would be if it falls below 0% but 1.2% is still fine.</p><p>"After this morning’s construction spending release from the US Census Bureau and the Manufacturing ISM Report On Business from the Institute for Supply Ma

<ul><li>Gas rigs 116 vs 117 prior</li></ul><p>These guys are adding rigs while OPEC+ has 5 million barrels of spare capacity? Yikes.</p> This article was written by Adam Button at www.forexlive.com.