Forex News
Stock prices near record highs as Fed takes center stage
Yesterday, the S&P 500 index reached a new record high of 5,670.81, briefly surpassing the previous high from July 16 before reversing and closing just 0.03% higher. Today's focus is on the FOMC rate decision, with the announcement scheduled for 2:00 p.m.
Wed, 18 Sep 2024 09:00:11 -0400
Canada Foreign Portfolio Investment in Canadian Securities rose from previous $5.17B to $10.98B in July
Canada Foreign Portfolio Investment in Canadian Securities rose from previous $5.17B to $10.98B in July
Wed, 18 Sep 2024 08:30:35 -0400
United States Building Permits Change climbed from previous -4% to 4.9% in August
United States Building Permits Change climbed from previous -4% to 4.9% in August
Wed, 18 Sep 2024 08:30:10 -0400
United States Housing Starts Change climbed from previous -6.8% to 9.6% in August
United States Housing Starts Change climbed from previous -6.8% to 9.6% in August
Wed, 18 Sep 2024 08:30:05 -0400
United States Building Permits (MoM) registered at 1.475M above expectations (1.41M) in August
United States Building Permits (MoM) registered at 1.475M above expectations (1.41M) in August
Wed, 18 Sep 2024 08:30:04 -0400
Canada Canadian Portfolio Investment in Foreign Securities: $4.45B (July) vs previous $16.35B
Canada Canadian Portfolio Investment in Foreign Securities: $4.45B (July) vs previous $16.35B
Wed, 18 Sep 2024 08:30:04 -0400
United States Housing Starts (MoM) came in at 1.356M, above forecasts (1.31M) in August
United States Housing Starts (MoM) came in at 1.356M, above forecasts (1.31M) in August
Wed, 18 Sep 2024 08:30:02 -0400
Natural Gas News: Prices Hold Gains as Traders Watch Key 50-Day Moving Average
Natural gas prices hold gains as traders eye key support levels, weather forecasts, and technical indicators. Can the market sustain its momentum above $2.292?
Wed, 18 Sep 2024 08:17:56 -0400
Pound Sterling Price News and Forecast: GBP jumps as UK inflation ticks up, Fed-BoE policy in focus
The Pound Sterling (GBP) surges to near 1.3220 against the US Dollar (US) in Wednesday's London session after the release of the hot UK inflation data for August. The GBP/USD pair reclaims the immediate resistance of 1.3200, however, it is expected to face sheer volatility as the Federal Reserve's (Fed) monetary policy decision will be announced at 18:00 GMT.
Wed, 18 Sep 2024 08:06:06 -0400
Crude Oil slides below $70 ahead of vital Fed meeting
Crude Oil drops lower this Wednesday in a very calm market which is looking ahead to the US Federal Reserve (Fed) meeting later this Wednesday. Meanwhile India's government has removed the windfall tax on crude oil Bloomberg reports.
Wed, 18 Sep 2024 08:06:03 -0400
Mexico Private Spending (YoY) down to 2.7% in 2Q from previous 3.6%
Mexico Private Spending (YoY) down to 2.7% in 2Q from previous 3.6%
Wed, 18 Sep 2024 08:00:40 -0400
Mexico Private Spending (QoQ) dipped from previous 1.5% to -0.6% in 2Q
Mexico Private Spending (QoQ) dipped from previous 1.5% to -0.6% in 2Q
Wed, 18 Sep 2024 08:00:40 -0400
BoE: The upcoming decision to be a decisive pause – TDS
For BoE Bank Rate, the upcoming decision will be a decisive pause, with a 7-2 vote expected and with the key uncertainty surrounding the size of balance sheet reduction over the next year. The BoE is widely expected to stay on hold, so the Pound Sterling (GBP) will remain driven by market sentiment post-Fed.
Wed, 18 Sep 2024 07:55:05 -0400
USD retains a soft undertone – Scotiabank
The USD is trading lower. All other major currencies are posting gains, while global stocks are mixed and bonds are generally softer as markets ponder this afternoon's FOMC outcome, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Wed, 18 Sep 2024 07:28:57 -0400
US Dollar trades subdued as Fed rate-cut decision looms
The US Dollar (USD) retraces and trades below 101.00, as measured by the US Dollar Index (DXY), ahead of the US Federal Reserve (Fed) interest rate decision on Wednesday. The DXY is under pressure near the yearly lows and faces a key moment, with the Federal Open Market Committee (FOMC) ready to answer how much the Fed needs to cut interest rates.
Wed, 18 Sep 2024 07:20:33 -0400
FOMC: Powell isn't going to dispel the market's concerns – Commerzbank
A 50-basis point interest rate cut, if it were to come from the Fed tonight, would be negative for the US Dollar (USD). The Fed's reaction function is more aggressive than previously thought, and not just for today, but possibly for the future, which is USD-negative, Commerzbank's FX analyst Antje Praefcke notes.
Wed, 18 Sep 2024 07:18:28 -0400
South Africa Retail Sales (YoY) declined to 2% in July from previous 4.1%
South Africa Retail Sales (YoY) declined to 2% in July from previous 4.1%
Wed, 18 Sep 2024 07:00:41 -0400
United States MBA Mortgage Applications increased to 14.2% in September 13 from previous 1.4%
United States MBA Mortgage Applications increased to 14.2% in September 13 from previous 1.4%
Wed, 18 Sep 2024 07:00:01 -0400
US MBA mortgage applications w.e. 13 September +14.2% vs +1.4% prior
A further drop in the average rate of the most popular US home loan sparked a big jump in refinancing activity in the past week. And that led to the surge in mortgage applications, also helped by a slight bump in purchases activity.
Wed, 18 Sep 2024 07:00:00 -0400
Oil News: Crude Futures Fall as Rising U.S. Inventories Dampen Market Sentiment
Rising U.S. crude inventories push oil futures lower, with API reporting a 1.96M barrel build. Bearish sentiment grows as traders await Fed rate cut decision.
Wed, 18 Sep 2024 06:44:30 -0400
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