European indices end the session with declines across the board German DAX, -1.4% The provisional closes are showing:
USD/JPY Trades Back Above 50-Day SMA to Clear Monthly Opening Range USD/JPY may hold above the 50-Day SMA (110.02) ahead of the next Federal Reserve meeting as it clears the opening range for September.
BOE's Bailey: We are seeing some short-term leveling off in the recovery Comments from BOE officials Bailey: Ramsden: Tenreyro:
Coinbase says the S.E.C. has threatened to sue it over a plan to pay interest. Coinbase’s Lend offering — an interest-generating service that somewhat resembles accounts traditionally offered by banks — could violate securities laws, the Securities and Exchange Commission said.
GBPUSD tests the swing lows from last week Price below the 50% of the move up from the August 20 low The USD is moving higher and that is true vs the GBP as well. The GBPUSD is traded to a new session low and in the process is testing the swing lows from last weeks trading between 1.3730 and 1.3733.
US stocks getting hit with the NASDAQ leading the way NASDAQ down -0.84% The US stocks are moving lower with the NASDAQ leading the way. The tech heavy index is down -131 points or -0.86% at 15242. The S&P is down -0.5% and the Dow industrial average is also down -0.5%.
US dollar jumps again, Canadian dollar hit hardest The bid in the dollar is relentless Yesterday we could point to rising Treasury yields as a catalyst for dollar strength but today yields are down and the dollar is jumping anyway.
Why tax pay packets more and not property? The pandemic response has spurred a greater willingness to tax wages rather than property.
Natural gas continues to sizzle: Breaks $5 for the first time since 2014 Henry Hub gas futures up 8% Natural gas has broken above the 2019 spike high of $4.92 and climbed through $5 to the highest since 2014. Given that natural gas is a very seasonally-traded commodity, perhaps it's even more important that it's trading at 13-year high for this time of year.
Canadian Dollar Latest: USD/CAD Dips Briefly on BoC, USD Dictating Play USD/CAD pays little attention to BoC. USD driving price action.
USDCAD stays within the trading parameters The pair is looking to test the high We are currently trading to a new session high as I type, and in doing so has moved above the ceiling at 1.2708. The 50% retracement of the move down from the August 20 high is the next target at 1.27204. Get above that level and the door opens up
Green and amber lists could go in travel rules shake-up The BBC has been told that the green and amber categories could be removed and replaced with a new system.
Salvatore Ferragamo's Profits Will Line Ad Men's Pockets The Italian shoemaker’s better-than-expected profits will soon need to be invested into marketing campaigns.
Rihanna drops legal case against her father The singer had accused her father of misusing her name to further his entertainment business.
Coinbase Says SEC Plans Enforcement Action Over Crypto Lending Program Coinbase co-founder and Chief Executive Brian Armstrong accused the SEC of using ‘intimidation tactics behind closed doors’ to stop his company from launching a lending program.
Top 1 Percent Evade $163 Billion a Year in Taxes, Treasury Finds A new report makes the case that narrowing the tax gap is part of the Biden administration’s ambition to create a more equitable economy.A new tax analysis comes as the Biden administration is pushing lawmakers to embrace its ambitious proposal to invest in beefing up the Internal Revenue Service to narrow the “tax gap.”
Bank of Canada: Rates unchanged, QE pace unchanged Highlights of the Bank of Canada statement Here's the final paragraph, which includes the BOC's guidance. It's exactly the same as in July: The Canadian dollar initially rose on the headlines but is back to unchanged.
Global Economic Warfare Intensifies as Military Conflict Recedes Biden is embracing sanctions, though they may be losing effectiveness and increasing the risk of conflict.
Yellen Says Treasury Could Exhaust Cash-Conservation Measures in October The Treasury secretary urged lawmakers to suspend or raise the federal borrowing limit again before the Treasury exhausts emergency measures.
US July JOLTS job openings 10.934M vs 10.03M estimate JOLTS job openings - 7 straight months of gains. - Record level of job openings - Prior was 10.073M revised to 10.185M - Hires were little change at 6.7 million. Hires decreased in retail trade -277K and durable goods manufacturing -41K. State and local government education increased by 33K and in Federal government +21K
Full text of the Bank of Canada Sept 8, 2021 statement Bank of Canada statement full text "Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing" The Bank of Canada today held its target
Technical levels in play through the BOC decision No change expected The Bank of Canada rate decision will be at the top of the hour. No changes is expected. What technical levels are in play? Looking at the hourly chart above, the pair today moved up to test the swing highs from August 27 at 1.2708 and found sellers.