Fed

Tuesday: New Home Sales, Case-Shiller House Prices, Yellen Speech and More

From Matthew Graham at Mortgage News Daily: Mortgage Rate Resilience ContinuesMortgage rates held their ground yet again, and are finally starting to look resilient after a relatively sharp move higher over the past 2 weeks.  This was true even before mid-day headlines put additional downward pres ...

USD/CAD Canadian Dollar Lower Despite Surge in Oil Prices

The Canadian dollar depreciated on Monday hit by rising risk aversion as geopolitical events around the world dominated headlines. The German elections over the weekend showed that not even the largest member of the European Union is immune to the rise of eurozone opposition within its borders. The ...

San Fran Fed Argues US Aging Population Keeping Rates Low

Federal Reserve economists worry that the central bank may have a hard time lowering interest rates when future economic crises arise. The reason is fairly simple: Demographics. San Francisco Fed economists believe that the aging population in the U.S. is putting long-term downward pressure on rate ...

Duy: "Has The Fed Abandoned Its Reaction Function?"

From economist Tim Duy at FedWatch: Has The Fed Abandoned Its Reaction Function? The immediate policy outcomes of the FOMC meeting were largely as expected. Central bankers left interest rates unchanged while announcing that the reduction of the balance sheet will begin in October as earlier outline ...

Gold Starts Off Week With Strong Gains

Gold has started the trading week with gains, pushing above the $1300 level. In North American trade, the spot price for an ounce of gold is $1308.47, up 0.92%. There are no US economic releases on the schedule, but FOMC member William Dudley spoke earlier, and we’ll also hear from Charles Evans ...

GBP/USD – Pound Edges Lower, BoE Sends Warning Over Consumer Lending Levels

The British pound has dropped lower in the Monday session. In North American trade, GBP/USD is trading at 1.3452, down 0.34% on the day. On the release front, the Bank of England released the Financial Policy Committee statement. There are no US economic releases, but there are three FOMC members ...

The Latest Paper Gold Scheme That Is Destined to Fail - Rory Hall

September 25, 2017 It appears that Turkey’s Deputy Prime Minister Mehmet Şimşek has taken a page from the Bank of India’s playbook to steal the gold from it’s citizens. The Turkish Treasury has issued two bonds in an attempt to dislodge 2,200 tons of gold from the hands of the Turkish pe ...

Eleven Fed Goons And Mother, Too

It's going to an historic week for Fed Goon jawboning as a record ELEVEN Fed Goon speeches are scheduled and this doesn't even include Mother, who will speak at 11:50 EDT tomorrow. read more ...

USD/JPY – Yen Edges Higher as Abe Calls Snap Election

USD/JPY has started the week quietly. In Monday’s North American session, the pair is trading at 111.75, down 0.22% on the day. On the release front, Japanese Flash Manufacturing PMI edged lower to 52.6, short of the forecast of 53.4 points. Later in the day, the BoJ releases the minutes of its ...

Dallas Fed: "Growth in Texas Manufacturing Activity Holds Steady" in September

From the Dallas Fed: Growth in Texas Manufacturing Activity Holds SteadyTexas factory activity continued to increase in September, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, edged down ...