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Monday, December 9, 2024

American Market Recap | Major US indices trading near lows as the day winds down

Major US indices trading near lows as the day winds down

The major US indices are trading their lows as the day winds down Dow industrial average -175 points or -0.40% of 44464.55. The low price for the day reached 44441.26. S&P index is down -36.78 poi... 

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No surprise. Canada Trudeau says Canada will respond if Trump imposes tariffs

Canada PM Trudeau is saying Canada will respond if Trump imposes a 25% tariff. The comment is not really a surprise. The USDCAD bounced off the support (see earlier post) and is stretching back... 

Crude oil settles at $68.37

The price of crude oil is settling at $68.37. That is up $1.17 or 1.7%. The high price reached $68.85. The low price was at $67.07. Looking at the hourly chart, the high price today was able to breach... 

Atlanta Fed GDPNow growth estimate for 4Q remains at a robust 3.3%

The Atlanta Fed GDPNow growth estimate for 4Q remains at 3.3%. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 3.3... 

Goldman Sachs: BOC meeting on Wednesday – Base case and alternative scenario

Goldman Sachs expects the Bank of Canada to deliver a 50bps rate cut at this week's policy meeting, though they acknowledge a 25bps cut is a credible alternative. Slowing growth, a rising unempl... 

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Latest Forex Orders

FX option expiries for 9 December 10am New York cut

There aren't any major expiries to take note of on the day. As such, trading sentiment will start to move towards focusing on the US inflation data later this week as well as key central bank meetings... 

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