The Unbearable Weight Of Home Prices
About 15 million, or 37% of Canada’s 40 million people, live in the Vancouver, Toronto, and Montreal areas, three of the top seven least affordable cities in America and Canada.Over 25% live in the two least affordable cities—Vancouver and Toronto—where the average sale price in 2024 was 12.7x and 10.7x the median household incomes of […]
ECB May Go For A Double Rate Cut In December
Image Source: Pexels On Monday, the Dow Jones (US30) fell by 0.29%. The S&P 500 Index (US500) gained 0.24%. The Nasdaq Technology Index (US100) added 1.12%. Better-than-expected US economic news on the ISM Manufacturing Index for November and construction spending for October bolstered the outlook for a soft landing and boosted stocks. The US Manufacturing PMI […]
The Greenback Extends Waller’s Inspired Losses
Image Source: Pixabay Overview: The US dollar has extended the losses scored late yesterday when Federal Reserve Governor Waller indicated he was still leaning toward a December rate cut. The odds of a rate cut rose to around 76% from about 66% at the end of last week. The odds are slightly lower today, around 72%. A […]
US Dollar Settles Down And Turns Flat After French Turmoil Could End Quickly
Image Source: Pexels The US Dollar touch softer on some profit-taking after its steep surge registered on Monday. A vote of no confidence is on the table for Wednesday in France, while elections are not foreseen until 2025. The US Dollar Index drops back to the lower end of 106.00, failing to hold gains above […]
Renewed Demand For US Dollar
Image Source: Pixabay Trump’s warnings to the BRICS nations against a competing currency to the US Dollar, and political turmoil in France have been the major stories over the past 24 hours. Both stories have translated to renewed demand for the US Dollar on the Trump trade impact and flight to safety appeal.Video Length: 00:00:38More By […]
Elliott Wave Technical Analysis – Gold
Gold Elliott Wave AnalysisGold is expected to continue the bullish cycle from September 2022 as it tries to complete the last leg of the cycle before a major pullback begins. After recovering about half of the sell-off in November, the rally has stalled and the commodity looks for the right momentum to lift again.Daily Chart AnalysisGold […]
China Is Tanking And It’s Spreading Quickly Around The World
Image source: Pixabay After a weekend of disappointing macro data (which was characterized as “mixed”), China’s markets tanked. Not stocks, of course, instead more record lows in bonds plus a very sharp drop in CNY. As we know only too well, CNY DOWN = BAD and yuan is right back near multi-year lows. It’s not the […]
Daily Market Outlook – Tuesday, Dec. 3
Image Source: Pexels Since the recent US limitations on Chinese access to critical semiconductor and AI components weren’t as harsh as anticipated, most Asian markets witnessed gains overnight, especially in the technology sector. While stock indexes rose in a number of nations, such as Australia and Japan, Chinese equities initially dipped after the Yuan fell to […]
USD/JPY Forecast: Struggles Below 150
The US dollar initially did try to recover against the Japanese yen during the trading session on Monday, but a lower than anticipated manufacturing PMI number may have been a bit of a problem. While that has seen the US dollar rocket higher against other currencies, I think this is more or less a situation […]
In Store Sales Falter Despite A Good Black Friday
Based on early Black Friday sales estimates, sales were strong, but shoppers were much more inclined to take advantage of online sales than go to the malls and stores in person. Mastercard SpendingPulse estimates that in store sales only grew by 0.7% from last year, while online sales rose by nearly 15%. Facteus, another data […]
