Despite a bit of a setback over the past few weeks, markets are arguably still sticking with their guns as we look towards next year. It is very much a case of nobody wants to buy what the Fed is selling – at least in terms of pricing and rates. That doesn’t bode well for

The holiday mood will continue after the Christmas break but that might not mean a pause in the action for stocks ahead of the new year. I’ve highlighted the technical predicament for the S&P 500 for a while now, ever since before we got to the Fed meeting earlier this month here. And that story

There was a flurry of data today before markets settled into the holiday week ahead that will have Stock and bond markets closed on Monday in observance of Boxing Day and Christmas and early closes next Friday and on Monday for New Years. The forex market will be open Monday to Friday as is customary,

Recover from earlier losses The major US indices are closing the day higher and near highs for the day. At session lows the Dow Industrial Average was down -213 points S&P index was down -25.37 points NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York

Crude oil settles higher The price of WTI crude futures are settling at $79.56 . That’s up $2.07 or 2.671% Frigid temperatures across most of US are contributing to the move to the upside. The high price today extended back over the $80 level to $80.30. The low price was down at 78.01. Looking at

Today’s Canadian GDP data and federal budget stats highlighted an economy that was on a solid footing in Q4 and some of the tailwinds from oil prices. The numbers helped to cap USD/CAD at 1.3700 this week and after several attempts at that level failed, the pair has sagged down to 1.3563, which is the

Given the tough nature of this year in stock markets, there’s some heavy tax loss selling ongoing right now but liquidity is also drying up into year end. Today is the final ‘real’ day of trading and for many it’s wrapping up imminently. US stock marketsDecember 23rd: Regular hoursDecember 26th: ClosedDecember 27th: Regular hours (Canadian

Durable goods orders Prior month Durable goods orders -2.1% versus -0.6% expected. Prior month was revised to +0.7% from 1.0% from 1.0% The fall in durable goods was the first after three consecutive monthly increases of 0.2%, 0.2% and 0.7%. Ex transportation 0.2% vs 0.0% expected. Last month 0.1% revised from 0.5% Ex defense -2.6%

Headlines: Markets: NZD leads, JPY lags on the day European equities mixed; S&P 500 futures up 0.1% US 10-year yields up 2.8 bps to 3.710% Gold up 0.3% to $1,798.17 WTI crude up 2.2% to $79.24 Bitcoin up 0.3% to $16,840 It was a quiet session in Europe again as the year continues to wind