Forex Consulting

US stocks mixed/little changed at the opening

The 3 major indices closes at records yesterday. Yields moving lower. Gold and oil (commodities) up. The dollar is down.  The major indices are opening mixed. Remember the major indices all closed at record levels yesterday. So any positive numbers will be once again record closes today. Copyright 2015 Forexlive.com

Forex Consulting

October US durable goods orders -1.2% vs +0.3% expected

Prelim durable goods orders data for October – was +2.0% (revised to +2.2%) – Ex transportation +0.4% vs +0.5% expected – Prior ex-transportation +0.7% (revised to +1.1%) These are some weak numbers. The revisions hardly dampen a big miss in durable goods orders but in core orders, the +0.4 revision helps to balance out a 1.0…

Forex Consulting

Canada announces $40 billion housing fund

Housing strategy aims to build or repair 300,000 units – Plan includes matching provincial funds and loans – Plan will have no new fiscal impact Canada has an affordable housing problem. The solution is opening up more land to build and cutting bureaucracy, along with doing something to make it more advantageous to live outside…

Forex Consulting

Durable goods orders highlight the US economic calendar

Durable goods, initial jobless claims and U Mich sentiment on the docket Finally, there is some notable US economic data to trade. The durable goods orders report for October is due at the bottom of the hour (1330 GMT). It’s forecast to rise 0.3% m/m after a 2.0% jump in the final September reading. Copyright…

Forex Consulting

Buck served up as Thanksgiving appetizer

What’s coming in the FOMC Minutes and beyond The Buck was already stressed into Wednesday on the Fed Chair’s renewed concerns about a prolonged period of subdued inflation that has left the Fed scratching its head. The market will now digest the Fed Minutes as much as it can before thinning out ahead into the…