Article By: Kevin DonovanRead
Friday, December 9, 2016 1:05 PM EST
The market expects the FOMC to push the Fed Funds rate another quarter percentage point higher at its meeting in five days. But don’t expect another unless the Fed wants to pop the equity bubble. And a prodigious bubble we think it is.
Article By: Norman MogilRead
Thursday, December 8, 2016 12:17 PM EST
The latest announcement by the Bank of Canada to maintain the bank rate at 0.5 per cent should come as no surprise. The decision adds more credence that Canada’s bank rate is on hold indefinitely, and that the Bank of Canada is stuck in neutral.
Article By: Gregor HorvatRead
Wednesday, December 7, 2016 5:18 AM EST
EUR/GBP is moving higher, now out of a downward channel which suggests that a new rally is in progress that can take us back to the area of a former wave four where a new reversal can be seen later this week.