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Wednesday, August 21, 2024

American Market Recap: Canadian rail union authorizes strike that could start tomorrow

Canadian rail union authorizes strike that could start tomorrow

Canadian rail transport could be halted as soon as tomorrow. There are two rail lines crossing Canada -- CN and CP -- and they handle virtually all freight in the country. Never before have both been... 

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The simple reason bonds are rallying

Maybe it's just leverage. Treasury yields fell on the rout in global equities at the start of the month but they've since stayed down even with equities sizzling. Some of that is surely a picture of i... 

US dollar falls even further after Fed Minutes underscore looming cuts

The dollar is one one of its worst stretches in years as steady selling sends it to the lows of the year on many fronts. Since the FOMC Minutes, the dollar is down rough 15 pips across the board as th... 

RFK Jr. to 'address to the nation' as talk of dropping out circulates (Update: He's done)

RFK Jr Robert F. Kennedy Jr will make a speech in Phoenix on Friday morning, according to his campaign. There is no detail about what he will speak about but his campaign said he will 'address the nat... 

FOMC Minutes: Vast majority said it would likely be appropriate to cut at next meeting

The FOMC meeting on July 31 marked the first time since ending its tightening stance that Fed Chair Powell explicitly put a rate cut on the table for the next meeting. That led to a 10 bps drop in 2... 

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Latest Forex Orders

FX option expiries for 21 August 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1100 level. There has been expiries here all through the week and the ones today will still have... 

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